PAKISTAN

Managing Conflict of Interest
As per the provisions of the Companies Ordinance, 1984, every Director is required to provide the Board with complete details
regarding any material transaction which may cause a conflict of interest with the Foundation, for prior approval of the Board.
The interested Director(s) do not participate in the discussion nor do they vote on such matters.
The transactions with all the related parties are made on an arms-length basis and complete details are provided to the Board for
their approval. Furthermore, all transactions with the related parties are fully disclosed in the financial statements of the
Foundation.
Quality Control Measures
The Quality Assurance team reinforces accountability, transparency and organizational learning of all stakeholders through
systematic evaluation of educational policies, programmes and processes. To assess the quality of students’ learning the team
has developed a systematic centralized assessment system. The QA team conducts two centralized exams (Mid Term and Final
Term) in an academic year. Students’ results are entered into MIS for report generation and future planning.
Risk Mitigation Plan
Risk
Mitigation Plan
Internal Controls
A robust internal control system is in place that is continuously monitored by the
Foundation’s Internal Audit Function and through other monitoring procedures.
Reputation Management
Protect Foundation’s brand assets and ensure the provision of high quality
services. Establish strong internal controls and reinforce the code of conduct
for the management and staff.
Employee Recruitment and Retention
Strong emphasis on the Foundation’s Human Resource and its skill set. We
operate the best talent management and human resource instruments to attract,
retain, motivate, educate and nurture personnel and staff.
Investment Risk
Divsersified investment policy and active management of its portfolio to match
the required risk profiles.
Currency Risk
Close monitoring of currency markets.
Cost and Availability of Funds
Diversified sources of funds.
Procedures Adopted for Stakeholder Engagement
The Foundation recognizes and respects the rights of each and every stakeholder including members, employees, financial
institutions, creditors, business partners, local communities and others. The Foundation is also cognizant of its legal and
constructive obligations towards its stakeholders and takes their input into consideration.
Regulators
TCF continually engages with GoP and regulatory bodies at local, provincial and federal levels on various education related
matters and issues.
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