【分析解答题】

The chief executive officer (‘CEO’) of Shah Sugar Mills Limited, a public listed company, intends to appoint Mr Yusuf as the company’s chief financial officer (‘CFO’). Mr Yusuf holds an MB

A、degree from the Lahore University of Management Sciences and has been working for the last six years for the corporate department of NationalBank. TheCEO hopes that with this appointment his workload shall be reduced and thereafter theCFO and the board of directors of Shah Sugar Mills Limited shall approve the financial statements.Before announcing the appointment of Mr Yusuf as theCFO, theCEO has approached you for advice.Required:Analyse the situation from the perspective of company law and theCode ofCorporate Governance and advise theCEO as to whether Mr Yusuf could be appointed as theCFO and what would be his duties in this capacity. (10 marks)