Corporate Governance

Aftab Hatchery Limited (AHL) is a public limited company. AHL’s corporate governance – from  the Board of Directors and the Managing Director to the executive management team  is based on external laws, regulations and recommendations.

The Company has a two-tier management structure, comprising the Board of Directors  and the Management Committee.

The Board of Directors manages the company’s affairs on behalf of the shareholders. AHL’s Board of Directors is led by the Chairman of the Board, Mr. Manzurul Islam. The Board of Directors appoints the Managing Director, who is responsible for the daily management of the company in accordance with instructions issued by the Board.

The Board of Directors:

Manzurul Islam – Chairman

Mr. Manzurul Islam was appointed to the board in 2001. He became the Chairman in 2001 and still is serving as the Chairman of Board. Mr. Islam also holds the position of Chairman in Aftab Bahumukhi Farms Limited, Aftab Feeds Limited, Aftab G.P. Farms Limited, Bengal Development Corporation, Navana Pharmaceuticals Ltd, Navana Health Care Limited, Eastern Housing Limited, Jahurul Islam Medical College, Islam Brothers Properties Limited & Directorship in Lafarge Surma Cement Limited.

In addition Mr. Islam was the former Chairman of IFIC Bank Ltd and Vice Chairman of Bangladesh Association of Banks.

Mr. Islam is a graduate in Economics from University of London.

He received awards as one of the best entrepreneur personalities of the country in consecutive years in 2003 and 2004 and best young entrepreneur personality of the year in 2005. Since 1998 Mr. Islam is one of Commercially Important Person (CIP) of Bangladesh.

Abu Luthfe Fazle Rahim Khan – Managing Director

Mr. Abu Luthfe Fazle Rahim Khan was appointed position of Managing Director of Aftab Hatchery Limited , He also the Managing Director of Aftab Bahumukhi Farms Limited, Aftab Feed Products Limited, Aftab GP Farms Limited; Deputy Director General, Jahurul Islam Medical College and Hospital; Vice-President-Breeders Association of Bangladesh (BAB), Vice-President, World Poultry Science Association, Bangladesh branch (WPSA-BB); General Secretary, Feed Industries Association of Bangladesh (FIAB), Member, Federation of Bangladesh Chambers of Commerce and industries (FBCCI), In addition Mr. khan was the former Director In-charge, Aftab Autos Ltd. (Furniture Division); Executive Director, Laguna Autos Ltd; Director, Ever Green (DAC) Ltd; Managing Partner, Bengal Packaging and Printing Ltd. Mr. Khan is a graduate in Commerce (B.Com) with (Hon’s) and Masters of Commerce (M.Com) from Dhaka University.

Md. Abdul Wadud – Nominated Director

Mr. Abdul Wadud is the Nominated Director from Navana Healthcare Ltd. Mr. Abdul Wadud was first appointed to the board in 2001. In 2014, he resigned from the board of AHL and subsequently joined the board as Nominated Director as proposed by Navana Healthcare Limited.

He currently serves as Group Director of Islam Group. Previously he was the Director (Finance) of Eastern Housing Limited He played vital role in the Accounts and Finance department of Eastern Housing Limited.

Prior to joining Eastern Housing Ltd. he had served as Chief Accountant in Crescent International Ltd and Bengal Development Corporation Ltd. He obtained Bachelor of Commerce in Accounting from Dhaka University and completed Group – I of Chartered Accountancy Practical Training in 1964. He had been the Chief Financial Officer of Bengal Development Corporation Limited’s 90 km Sila-Duwagin and 5000 housing project in UAE.

Md. Habibur Rahman (Bulbul)- Nominated Director

Mr. Md. Habibur Rahman (Bulbul) is the Nominated Director from Bhagalpur Holdings Ltd. Mr. Md. Habibur Rahman (Bulbul) graduated under Dhaka University in 1971. He joined Crescent International in 1974, a jute exporting company of Islam Group in a managerial role. In 1980 he was promoted as a Director of the company. He worked in the jute sector for 22 years.

In 2012 he was appointed as Head of supply chain in rank of Sr. Executive Director and is responsible the supply chain function of the company.

Abdur Rahim Choudhury- Independent Director

Mr. Abdur Rahim Choudhury is the Independent Director of Aftab Hatchery Ltd. Mr. Abdur Rahim Choudhury obtained M.Com (Management) from Rajshahi University in 1969. He started his career in 1967 as an Assistant Accountant at the Gas and Mineral Division, EPIDC (later known as BIDC) under the Ministry of Government of Bangladesh. In 1972, he was placed in BJMC (Bangladesh Jute Mills Corporation) as Internal Auditor. In 1976 he joined Bengal Development Corporation Ltd. (BDC) as an Accountant and was placed on their overseas project in Abu Dhabi (UAE). In 1983 he was promoted as Chief Accountant and was transferred to BDC Ltd project of Yemen Sana’a Project in North Yemen. In 1986 he was posted in Baghdad, Iraq as in charge of regional office. In 1990 he joined BDC Head office as Chief Accountant and subsequently promoted as Operative Director (Finance) in 1996. In 2007 he was promoted as Finance Director of BDC. In 2009 he joined as the Head of Central Finance Division of Islam Group.

The Management Committee comprises operational heads and representatives of the Board and is chaired by the Managing Director. The Management committee meets on a monthly basis, is responsible for implementing the decisions of the Board of director and supervising the day to day affairs of the Company and reports to the Board of director at least on a quarterly basis.

Members of the Management Committee are:

Abu Luthfe Fazle Rahim Khan – Managing Director

Mr. Abu Luthfe Fazle Rahim Khan was appointed position of Managing Director of Aftab Hatchery Limited , He also the Managing Director of Aftab Bahumukhi Farms Limited, Aftab Feed Products Limited, Aftab GP Farms Limited; Deputy Director General, Jahurul Islam Medical College and Hospital; Vice-President-Breeders Association of Bangladesh (BAB), Vice-President, World Poultry Science Association, Bangladesh branch (WPSA-BB); General Secretary, Feed Industries Association of Bangladesh (FIAB), Member, Federation of Bangladesh Chambers of Commerce and industries (FBCCI), In addition Mr. khan was the former Director In-charge, Aftab Autos Ltd. (Furniture Division); Executive Director, Laguna Autos Ltd; Director, Ever Green (DAC) Ltd; Managing Partner, Bengal Packaging and Printing Ltd. Mr. Khan is a graduate in Commerce (B.Com) with (Hon’s) and Masters of Commerce (M.Com) from Dhaka University.

Engr. Md. Mahbubur Rahman – Director Administration

Engr. Md. Mahbubur Rahman, appointed as Director Administration from June 2003 of Aftab Hatchery Ltd. He is also responsible of Aftab Bahumukhi Farms Ltd., Aftab Feed Products Ltd., & Aftab G.P Farms Ltd. Mr. Rahman’s Former Employment as General Manager, of Essential Products Ltd.

Mr Rahman is a graduate in B.Sc. (Engg) in Mechanical (Year 1971) under Rajshahi University of Engineering and Technology, Rajshahi.

Tariquzzaman – Director Strategy and Brand Marketing

Mr. Tariquzzaman appointed as Director, Strategy and Brand Marketing of Aftab Hatchery Ltd. Aftab Bahumukhi Farms Ltd., Aftab Feed Products Ltd., & Aftab G.P Farms Ltd. Mr. Zaman former as Director & Consultant Marketing and Sales, of Aftab Hatchery Ltd. Aftab Bahumukhi Farms Ltd., Aftab Feed Products Ltd., & Aftab G.P Farms Ltd.

Mr. Zaman’s former employment as Consultant, Westecs Limited., General Sales Manager, Berger Paints Bangladesh Ltd., General Manager (Sales Planning & Marketing), Virgin Drinks of UK, Regional Manager (for P&G), Aquamarine Distribution Ltd. Area Manager, British American Tobacco Ltd., And Executive Asiatic Marketing Company. Mr. Zaman is a graduate BSS (Hons.) in International Relations (Year 1983) and MSS in International Relations (Year 1985) Dhaka University, Dhaka

A.K.M. Shahid uz Zaman, FCA – Operative Director, CFO

Mr. A.K.M. Shahid uz Zaman, FCA appointed as Operative Director – CFO – Acting as the Head of Finance and Accounts department since February 2010 till today with Aftab Bahumukhi Farms Ltd., Aftab Feed Products Ltd., Aftab Hatchery Ltd., & Aftab G.P Farms Ltd.

Mr. Zaman’s Former Employment, as Head of Accounts and MIS department in an European readymade garments sourcing company C & A in Bangladesh Office and Accounts Manager in a Arabian Cement Clinker company in Bangladesh. Mr. Zaman is a Masters of Accounting from Dhaka University.

Mr. Zaman is Chartered Accountant- a fellow Member of Institute of Chartered Accountants of Bangladesh – ICAB.