Hadiya Rahman

SAP ID 16549
Corporate Governance
MSPM

Q1: How would you describe or classily the Board of Directors of Mahfooz Co?

I would portray or order the directorate of Mahfooz General Insurance Company in after sorts of Board.
Enchantment contains Rubber Stamp Board or Yes Men Board on the grounds that Shayan Mahfo, Chief
Executive officer& Chairman of the organization, just needs to endorse whatever proposition is forward by
him or leader chiefs from board individuals. This Case additionally mirrors the kind of Good Old Boys Board
or Country Club Board since its individuals involving old companions of his dad and chief chiefs are his
cousins& one is his sibling to whom he can pay adequate< who just meet at outlandish spots for example
northern zones for load up gathering however it's a period for unwinding. The Board additionally
incorporate Shayan Mahfooz spouse who don't partake in organization's activities& likewise only from
time to time go to any gathering yet her name exist on paper yet mirror the kind of paper load up. The
board likewise contains renowned characters like Omar Khan, an individual from Pakistan Cricket Team,
Ms. Sheetal Ghauri, a splendid vocalist, Yusuf Orakzai, a social working. They all have large name in the
general public yet no mindfulness for directing an organization's business which address Trophy Board.

Q2: Do you think this board is serving the real purpose of having a board?

I think this board isn't filling the genuine need of having a board on the grounds that Shayan Mahfooz
don't settle on powerful sheets, he simply have expectation to have an accessible board that doesn't
trouble him unduly and permits him go serving his own advantage without compelling them to pay
due/satisfactory thoughtfulness regarding interests of different partners. A top managerial staff (B of D) is
a chosen gathering of people that address investors. The board is an administering body that normally
meets at standard stretches to set arrangements for corporate administration and oversight. The board as
referenced above isn't filling the genuine need of having a board.

Q3: Is such a Board capable of meeting its statutory and fiduciary responsibilities?

The board settles on choices as a guardian in the interest of investors. Issues that fall under a board's
domain incorporate the recruiting and terminating of senior leaders, profit strategies, alternatives
arrangements, and chief pay. Notwithstanding those obligations, a top managerial staff is answerable for
aiding a partnership put forward wide objectives, supporting chief obligations, and guaranteeing the
organization has satisfactory, very much oversaw assets available to its. The board as portrayed in the
issue isn't fit for performing towards its duties.
Q4: Shayan Mahfooz thinks MAGIC's board is making wonderful contribution to
the company's profitability and growth. Do you agree with him? Why?

Autonomous or outside chiefs are not engaged with the everyday inward operations of the organization.
These board individuals are repaid and for the most part get extra compensation for going to gatherings.
In a perfect world, an external chief brings an evenhanded, free view to objective setting and settling
any organization questions. It is considered basic to find some kind of harmony of interior and outside
chiefs on a board. The board's individuals as referenced are not working really hard as Mr. Mahfooz
thinks.

Q5: If you were asked to reconstitute the company's Board, what would do? Where
would you get suitable INED$? What balance would you try to 'maintain in the
board, and how?

Reconstitution of the governing body ought to be a portrayal of both administration and investor
interests and incorporate both interior and outside individuals. An inside chief is a part who has the
interest of significant investors, officials, and representatives as a top priority, and whose experience
inside the organization adds esteem. An insider chief isn't regularly made up for board movement as
they are frequently effectively a C-level leader, significant investor, or another partner, like an
association delegate.