Issuers
Housing Development Finance Corporation
Board Members
Ms. Zidna Ibrahim
Director
Ms. Kohe Noor Binte Mahmoodul Hasan
Director
Mr. Ajay Agarwal
Director
Ms. Amena Arif
Director
Mr. Ahmed Zeenad
Managing Director
Mr. Asif Saeed Cheema
Alternate Director
Mr. Mohamed Zuhair
Alternate Director
Board Committees
Audit & Risk Management Committee
3 Members
The Board Audit Committee was established in accordance with the Article of Association 123 and Article II of the Corporate Governance Section (b) of the Shareholders Agreement executed between the Shareholders on 23 July 2008 and the CMDA Corporate Governance Code and MMA CG Regulation for Banks, Insurance Companies and Finance Companies (Mo. 2020/R-59), consisting of non-executive directors from amongst the Board of Directors.
The principal objective of the Board Audit Committee is to assist the Board of Directors in discharging its statutory duties and responsibilities relating to risk management and accounting and reporting practices of the company and oversee the compliance with the relevant rules and regulations governing listed companies.
Members of the committee
Ms. Kohe Noor Binte Mahmoodul Hasan
Ms. Amena Arif
Nomination & Remuneration Committee
2 Members
The Board Nomination and Remuneration Committee was established in accordance with the Article of Association 123 and Article II of the Corporate Governance Section (b) of the Shareholders Agreement executed between the Shareholders on 23 July 2008 and the CMDA Corporate Governance Code and MMA CG Regulation for Banks, Insurance Companies and Finance Companies (Mo. 2020/R-59), consisting of non-executive directors from amongst the Board of Directors. The Board have decided to combine Nomination and Remuneration Committee due to the limited number of directors on board and to enable effective and efficient discharge of the duties entrusted to the members.
The principal objective of the Board Nomination and Remuneration Committee is to assist the Board of Directors in discharging its statutory duties and responsibilities relating to the overall Human Resource Management of the company and assess the effectiveness and the contribution of the Board as a whole and each individual Director, the Board Committees and Senior Management of the Company on an ongoing basis while overseeing the compliance with the relevant rules and regulations governing the listed companies and the non-banking financial institutions.
Members of the committee
Ms. Kohe Noor Binte Mahmoodul Hasan
Board Credit Risk Management Committee
4 Members
The principal objective of the Credit Risk Management Committee is to assist the Board of Directors in discharging its statutory duties and responsibilities relating to risk management and accounting and reporting practices of the holding company and each of its subsidiaries and oversee the compliance with the relevant rules and regulations governing listed companies.
The Committee’s responsibilities shall be determined by the Board from time to time and, in any event, include the responsibility to:Advise the Board in relation to its determination of overall risk appetite, tolerance, and strategy.
- To approve proposed changes in Lending Prudential guidelines and major credit policies.
- To approve discretion’s and onward delegation guidelines of the next level of management.
- To consider and determine proposal exceeding management approval limits.
- To receive and review reports on credit quality, risk management policies and procedures.
- To consider and approve general provisioning policies and specific provisions.
- Review reports on any material breaches of risk limits and the adequacy of proposed action.
- Review and approve the statements to be included in the annual report concerning risk management.
Members of the committee
Ms. Amena Arif
