Karachi: ICC Industries Limited (formerly ICC Textiles Limited) has announced that its Board of Directors has maintained a robust performance throughout the financial year ending on June 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), the Board, comprising seven members, adhered closely to the governance standards set by the Companies Act, 2017, and the Listed Companies (Code of Corporate Governance) Regulations, 2019.

The company emphasized the Board’s commitment to effective and prudent management, which has been instrumental in shaping strategic directions and policies. The Board’s composition, including executive, non-executive, female, and independent directors, reflects a diverse and compliant governance structure. Throughout the year, the Board convened five times, focusing on key business matters and ensuring diligent oversight.

In their review, the Board has implemented a mechanism for the annual evaluation of its performance, aligning with regulatory requirements. This evaluation for the year 2024 concluded that the Board’s overall performance was satisfactory, with all members actively involved in critical decision-making processes.

ICC Industries Limited continues to uphold high standards of corporate governance, contributing to sustained operational success and compliance with established legal frameworks.