The Board of Directors of Central Depository Company of Pakistan Limited (CDC) has been reconstituted and now consists of 4 independent directors namely Mr. Moin M. Fudda, Syed Masoud Ali Naqvi, Syed Majid Ali and Mr. Aqeel Ahmed Nasir and 5 directors representing shareholding institutions Dr. Aamir Matin, Mr. Abid Ali Habib, Mr. Farid Malik, Mr. Muhammad Tariq Rafi, Mr. Shahnawaz Mahmood and the Chief Executive Officer Mr. Aftab Ahmed Diwan.
The appointment of 2 new directors, Mr. Aqeel Ahmed Nasir and Syed Masoud Ali Naqvi enriches the diverse set of expertise of the Board.
Upon reconstitution, the board unanimously elected Mr. Moin M. Fudda as the Chairman of the Board of Directors of CDC. He has been serving as a Director on the CDC Board from 2016.
Mr. Fudda is a recipient of the coveted Sitara-e-Imtiaz awarded by the President of Pakistan in 2006. He has over 40 years of professional experience which encompasses working for the corporate sector and performing diplomatic duties.
Mr. Fudda is also an Independent Director on the Board of Pakistan Stock Exchange. Furthermore, he has helped in creation of Pakistan Institute of Corporate Governance (PICG). He has also contributed significantly towards development of Corporate Governance Rules for Public sector Enterprises and Corporate Governance Guide for Family Owned Businesses.