1. Take any company which are exist in Pakistan register with Pakistan stock exchange.GUL Ahmad or any sector BEST way cement industry ore any one as per your choice . The year takes in 2019-2020 final report of the company. Jest like as comparison year as per report Take only one company as per your choice .

   

2. The group will pick a company to analyze. The company should be publicly traded and have at least one year of trading history and one set of annual financial statements. The company can be listed in any market.

4. At the end of the process, the group will write one report for all the firms in the group. In this report, the firms will be compared and contrasted and the results will be presented as a whole rather than as four separate parts.

The Project:

Part 1: Corporate Governance Analysis.

1. Who run the company: Top management, owners.
2. Who monitors: Board of Directors, Regulatory Authorities, Government, Equity investors, Bondholders, Banks, Lenders.
3. Rules of the game: Is it rigged in favor of the incumbent managers? Stock holders have powers?
4. Board Composition: Age and Tenure, Background, Connection to company and CEO.
5. Board Operations: Chairman of the Board, Meeting frequency, Attendance, Able to monitor top managers?
6. Investor Analyst Activity: Buy Side: Biggest stockholders, their history on corporate governance, Sell Side: Who are the analysts that track the firm? What are their views?
7. Activist: Are there any activist investors in the mix? How active are they?
8. ¥ Rules of the game: Voting structure, Multiple classes, Golden Shares? Corporate Charter:
9. Takeover clauses (anti takeover amendments), Voting rules (proxies, voting at meeting), Nominating rules.

6.    Investor Analyst Activity: Buy Side: Biggest stockholders, their history on corporate governance, Sell Side: Who are the analysts that track the firm? What are their views? Activist: Are there any activist investors in the mix? How active are they?

7.  Rules of the game: Voting structure, Multiple classes, Golden Shares? Corporate Charter: Takeover clauses (anti takeover amendments), Voting rules (proxies, voting at meeting), Nominating rules.

¥ Information

o Annual reports.

o Filing with various regulatory authorities.

o Other online sources.

Part 2: Risk and Return Analysis

¥ How risky is the company's equity? What is its cost of equity?

¥ How risky is the company's debt? What is its cost of debt?

¥ What is company's current cost of capital?

Part 3: Investments

¥ How good are the projects that the company has on its books currently?

¥ Are the projects in the future likely to look like the projects in the past? Why or why not?

Information

1. Annual reports.
2. Filing with various regulatory authorities.
3. Other online sources.

Part 2: Risk and Return Analysis

• How risky is the company’s equity? What is its cost of equity?
• How risky is the company’s debt? What is its cost of debt?
• What is company’s current cost of capital?

Part 3: Investments

• How good are the projects that the company has on its books currently?
• Are the projects in the future likely to look like the projects in the past? Why or why not?

Part 4: Capital Structure Choices

• What are the different kinds of financing used by the company to raise funds?
• How large, in qualitative/quantitative terms, are the advantages/disadvantages to this company from using debt?
• Does your firm have too much or too little debt
  • Relative to the sector?
  • Relative to the market?

Part 5: Dividend Policy

• How has the company returned cash to its owners? Has it paid dividends or bought back shares?
• Given your firm’s characteristics today, how would you recommend that they return cash to stockholders (assuming they have excess cash)?
• Given its dividend policy and the current cash balance would you recommend the firm to change its dividend policy?

Part 6: Valuation

• What is the value of equity in this firm? How does this compare to the market value?
• What are the key variables driving this value?

Part 7: Summary / Analysis common for all group members

Answer rating: 100% (QA)

TABLE OF CONTENT STEP I 1 Executive Summary 2 Introduction 3 Part 1 Corporate Governance Analysis 4 Part 2 Risk and Return Analysis 5 Part 3 Investments 6 Part 4 Capital Structure Choices 7 Part 5 Div... View the full answer