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Corporate Governance

The day to day affairs of Fauji Foundation are managed by the Central Board of Directors (CBOD), whose purpose is to ensure long-term financial sustainability and growth of the organization.  This is imperative to support continuously increasing outreach to our beneficiaries.  In fulfilling its duties, the CBOD and its sub committees ensure good governance in Fauji Foundation, the targeting of financial and business goals, and monitoring of the organizations' performance in pursuing and achieving those goals.


Board Sub Committees

The following is an overview of the membership and responsibilities of all sub committees under the Central Board of Directors.

Finance Sub Committee

President:

Director Finance

Members:

Director Investment
Director Banking, Industries and Trading 
GM(Engg) of all civil works 

Secretary:

DGM(Fin) HO

  • Appraise feasibilities and initiate its recommendations for new investments to the Board.
  • Coordinate effective implementation of Board of Directors requirements and directions vis-à-vis coverage of important areas.
  • Review and endorse capital and expense budgets, development and stewardship of business plans.
  • Review / clear annual and revised budgets before these are put up to the Board for consideration / approval.
  • Advise the Board on matters of fiscal or other statutory matters as outlined in the National Budget and other related documents.

Audit Sub Committee

President:

Director Investment

Members:

Director Information Technology and Procurement
Director Planning and Development

Secretary:

General Manager Internal Audit

  • Examine external auditors' internal control memorandum on accounting control and other audit findings including any significant suggestions for improvement and managements' response to those suggestions.
  • Review organizational structure and qualifications of the internal audit function.
  • Recommend to the Board, external auditors' for appointment and review their fee.
  • Review and give recommendations on Internal Audit Reports of projects prepared by the Internal Audit Department.
  • Review the external auditors' management letter.
  • Consider the major findings of internal investigations.

Human Resource Sub Committee

President:

Director Welfare Education

Members:

Director Human Resource & Admin
DGM(Finance) HO

Secretary:

General Manager Human Resource

  • Recommend proposal for improving managerial competence and operational efficiency.
  • Recommend proposals for employees development, motivation, training and job satisfaction.
  • Regularly carry out detailed total remuneration surveys through outside consultants to establish company policies on employees compensation.

Technical Sub Committee

President:

Director Planning & Development

Members:

Director Human Resource & Admin
General Manger (Engg) 
Any Tech Expert(where reg)

 Secretary:

DGM(Fin) HO

  • Critically review the technical aspects of feasibility studies submitted for new investments.
  • Evaluate proposals regarding balancing, modernization and expansion of existing projects.
  • Monitor the progress of ongoing projects with budgeted targets in order to identify early warning signals at the right time and suggest corrective actions.
  • Negotiate tariff rates with government agencies.

Evaluation & Monitoring Committee

President:

Director Investment

Members:

Director Finance
Director Planning and Development

Secretary:

DGM(Inv) HO

  • Evaluate feasibility and commercial viability of all new projects by Fauji Group Companies.
  • Coordinate with respective divisions or companies to prepare and validate financial models.
  • Review and endorse capital and expense budgets, development and stewardship of business plans.
  • Review legal, commercial, technical and financial viability of the project.
  • Approve project if all indicators are positive and forward to CBOD for their consideration.
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