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ABBOTT
LABORATORIES
PREPARED BY:
KANZA REHMANI
ABDUL WASAY
MUHAMMAD AWAIS
About the Company
Abbott Laboratories (Pakistan) Limited
(the Company) is a Pakistani public limited
company founded on July 2, 1948, and its
shares are traded on the Pakistan Stock
Exchange
To help people live more completely by
providing life-changing health products,
solutions, and technologies. Their patient-
centered solutions are addressing critical
health needs for individuals all around
Pakistan.
 Goal # 1
Their nutrition products
promote and sustain
health at all stages of life.

Their Goals Goal # 2

Their diagnostic solutions
provide the data needed
to make informed
treatment decisions.

Goal # 3
Their branded generic
medicines assist patients
in becoming and
becoming healthy
CORPORATE
GOVERNANCE

The framework that directs and controls enterprises

is known as corporate governance. Their
boards of directors are in charge of their companies'
governance.
1.compositions of board
2.Diversity policy of board
3.decision taken by the board
4.complies with regulation of listed companies
5.Policy and policy of engagement of shareholders
6.Chief executive and chairperson
 2013 - 2016
Munir A. Shaikh (Chairman)
Arshad Saeed Hussain (CEO)
BOARD OF Angelo kondes (Director)
Syed Anis Ahmed (Director)
DIRECTORS Kamran Y. Mirza (Director)
Shamim Ahmad Khan (Director)
Anis Shah (Director)
Atif Aslam Bajwa (Director)
Ehsan Ali Malik (Director)
Zehra Naqvi (Director)
Seema Khan (Director)
 2017 – 2022
Munir A. Shaikh (Chairperson) (Non-Executive

BOARD OF Director)
Syed Anis Ahmed (Chief Executive Officer)

DIRECTORS Kamran Y. Mirza (Non-Executive Director)

Ehsan Ali Malik (Independent Director)
Shamim Ahmad Khan (Non-Executive Director)
Zehra Naqvi (Independent Director)
Seema Khan (Executive Director)
Ayla Majid (Independent Director)
Mohsin Ali Nathani (Independent Director)
Muhammad Anjum Latif Rana (Non-Executive
Director)
 Meeting and shareholder
rights.

COMPANIES Financial Reporting and

Auditing

ACT 2017 Minority shareholder

representation

Female Director

Separate legal entity

 The banking committee consists of a non-
executive director, two executive directors
ABBOTT and a chief executive director.
The banking committee approves daily
BEFORE 2017 financial transactions of banks.

Compliance with the legislative system in

which Abbott Pakistan operates, particularly
Companies Ordinance, 1984, listing
regulation of Stock Exchanges, and the
Memorandum and Articles of Association of
the Company.

The AGM is held once a year.

 The Board has created the company's vision
and purpose statements, overarching
ABBOTT business strategy, and key policies.
The Chairperson sees the Board meetings,
AFTER 2017 which are held at least once every three
months.

The Directors, CEO and executives do not

hold any interest in the shares of the
Company

The Company maintains an updated list of

related parties andare placed before the
Audit Committee quarterly.
AUDITORS ROLES
AND
RESPONSIBILITY
1. presenting a report on an audit
2. An assessment of internal
controls
3. Accountability
4. Shareholder interest
representation
5. Risk evaluation and reduction
6. Good connections with
regulators
 External Auditors After
companies act 2017

2018 2019 2020 2021

Ernst & Young Ford EY Ford Rhodes, EY Ford Rhodes, EY Ford Rhodes,
Rhodes Sidat Hyder & Chartered Accountants (a Chartered Accountants (a Chartered Accountants (a
Company (a member firm member firm of Ernst & member firm of Ernst & member firm of Ernst &
of Ernst & Young) Young Global Limited) Young Global Limited) Young Global Limited)
Chartered Accountants

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 After companies act 2017, they came up
with a new policy, The 2017 code eliminated
CONCLUSION several sections, revised some already-
existing clauses, and added additional
requirements. Certain rules for the audit
committee and the composition of the board
of directors were incorporated in the code.
I think the new envisaged a broader
mandate for independent auditor because
this act outlines the importance of
independent auditors.