Cover 1 - Apollo Hospitals Dhaka

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Corporate Governance Information Apollo Hospitals Dhaka practices Good Corporate Governance which is the glue that holds together responsible business practices, which ensures positive workplace management, marketplace responsibility, environmental stewardship, community engagement and sustained financial performance.
Corporate Governance Information Corporate Governance Statement Corporate Governance has been defined as the system by which companies are directed and controlled. The Board is accountable to the shareholders for ensuring that appropriate Corporate Governance measures are in place. It is imperative for the Company to maximize the shareholder’s value and wealth. Though disclosure of Corporate Governance practices is not mandatory in Bangladesh, STS Holdings reports it activities so that investors can place their full confidence in the Company. Corporate Governance is a blend of law, regulation, enforcement, and appropriate voluntary practices by companies that permit a company to attract capital, perform efficiently and generate long-term economic value for its shareholders, while respecting the interests of its stakeholders and society in general. The principal characteristics of effective Corporate Governance include: • Protection of the rights of minority shareholders • Transparency, including disclosure of relevant and reliable financial and operational information; information on ownership and control; and information on the internal processes of management • Responsible Directors capable of independently evaluating and approving the company’s strategy, business plans and decisions, independently hiring, monitoring and, when necessary, replacing management and consultants This Statement outlines the main Corporate Governance Practices in STS Holdings Limited under the following headings: • Board of Directors and their roles • Relationship with shareholders • Accountability and audit • Compliance with legal requirements • Human Resources Policy • Standards of Business Conduct Board of Directors and their Roles: The present Board of STS Holdings Limited (owner of Apollo Hospitals Dhaka) consists of 5 Directors. A code of Corporate Governance has been produced as a framework for Directors to the Board of STS Holdings Limited. It describes their roles and responsibilities and suggests a process for their continued development in order to ensure an effective ongoing contribution to our healthcare business. The Company fully supports establishment of the Code and is committed to ensuring that structured processes are used to direct and manage the business. We believe this enhances business ethics and corporate accountability with the ultimate objective of realizing long term shareholders value, while taking into account the interests of other stakeholders. The Code on Corporate Governance of the Company sets out the principles and best practices to be applied by the Company in its operations to achieve an optimal governance framework. The Board of Directors is responsible for protecting the rights and interests of all shareholders and is also accountable for the overall management of the Hospital. In addition to its legal and statutory responsibilities, the Board is responsible for the following: • Reviewing and adopting a strategic business plan for the Company • Overseeing the conduct of the Company's business to evaluate whether the Company is being properly managed • Identifying principal risks and ensuring the implementation of appropriate systems to manage these risks • Succession planning, including appointing, training, fixing the compensation of and where appropriate, and replacing senior management • Reviewing the adequacy and the integrity of the Company's internal control systems and management information systems, including systems for compliance with applicable laws, regulations, rules, directives and guidelines • Reviewing and approving the financial statements and accounting policies of the Company • Establishing committees, including the Audit Committee and the Compensation Committee 40/41
Page 1 and 2: STS HOLDINGS LIMITED Annual Report
Page 4 and 5: Contents
Page 7: This is Apollo Hospitals Dhaka This
Page 10 and 11: Our Vision & Mission “Our Vision
Page 12: He never thought he would live long
Page 15 and 16: Corporate Directory Corporate Direc
Page 17 and 18: Corporate Chronology April, 2008 Ju
Page 20 and 21: Our Success Stories In life, miracl
Page 22 and 23: Annual Report’ 11 Ophthalmology (
Page 24: Everybody wrote him off because of
Page 27 and 28: Board of Directors Mr. Mohammad A.
Page 29 and 30: From Left to Right: Mr. B. R. Sikde
Page 31 and 32: Message from the Chairman Distingui
Page 33 and 34: Message from the Chairman Limited i
Page 37 and 38: Directors’ Report Director’s Re
Page 39 and 40: Directors’ Report In addition, th
Page 41: Directors’ Report Election of Dir
Page 45 and 46: Corporate Governance Information Se
Page 47 and 48: in the organization. On the basis o
Page 50: From Left to Right: Md. Shafiqul Is
Page 53 and 54: Management Discussion Operating Per
Page 55 and 56: Management Discussion Admission In
Page 57 and 58: Management Discussion Bed Category
Page 59 and 60: Management Discussion Lab Medicine
Page 61 and 62: Management Discussion 2010 2011 Var
Page 63 and 64: Management Discussion Surgery Perfo
Page 66: When his family was in a road accid
Page 69 and 70: Future Outlook FUTURE OUTLOOK It ha
Page 71 and 72: Multi-disciplinary Hospital in Chit
Page 73 and 74: Expansion of Hospital Complex in Ba
Page 76 and 77: Financial Highlights 2011 2010 2009
Page 78 and 79: Annual Report’ 11 STS HOLDINGS LI
Page 84 and 85: Annual Report’ 11 Medical and sur
Page 86 and 87: Annual Report’ 11 4. Property, pl
Page 88 and 89: Annual Report’ 11 8. Advances, de
Page 90 and 91: Annual Report’ 11 11 Position of
Page 92 and 93:
Annual Report’ 11 Figures in Taka
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Annual Report’ 11 29. Related par
Page 101:
STS Holdings Limited (Registered Of
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Cover 1 - Apollo Hospitals Dhaka

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