September 13, 2024 (MLN): Habib Bank Limited (PSX: HBL) has won the 'Best Board of the Year' award by the Pakistan Institute of Corporate Governance (PICG), in recognition of its exemplary leadership, outstanding governance, and strategic oversight.
"This achievement reflects the Bank's unwavering commitment to excellence and responsible corporate practices," HBL said in a statement.
Pakistan Institute of Corporate Governance was established as a public-private partnership following a memorandum of understanding (MOU) signed between two apex regulators, the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP), and 18 private sector institutions.
PICG’s board assessment provides an independent assessment of the strengths and capabilities of a company's board, its committees, and individual directors.
Effective boards make sound collective decisions to meet strategic objectives and provide oversight and support to their companies on key matters for optimal operational performance.
PICG has been facilitating company boards over the past few years through its efficient Board Evaluation services which enables boards, its committees as well as individual directors perform to their maximum capabilities by identifying critical gaps in areas of their fiduciary responsibilities.
