Mohsin Muzaffar Butt (FCA, CIA) – Company Secretary & Head of Internal Audit
Mr. Mohsin Muzaffar Butt is a fellow member of the Institute of Chartered Accountants of Pakistan and Certified Internal Auditor from Institute of Internal Auditors, USA. He has, overall, more than 20 years diversified experience of working in Panther Tyres Ltd (Pak), PTCL (Pak), Sufi Ghee and Soap (Pak), Nazih Trading (UAE), Sabre Security (Iraq), CGA firm (Canada) and SA Salam & Co Cas (Pak).
He has vast experience of handling corporate matters starting from conducting Board/shareholders meetings, drafting of minutes of meetings and resolutions and fulfilling all requirements of SECP, CDC, Stock Exchange according to relevant laws of Pakistan.
He implemented new structure of internal audit based on risk-based auditing at Panther Tyres Limited. Audit was further diversified in plant operations and sales field audit which improved processes and provided useful information to management to form effective price strategy.
He has a pivotal role in establishing internal controls like defining Authority Matrix, finalizing SOPs etc. He also has expertise in conducting investigations where there is any fraud suspected in the Company, especially in procurement deals.
He has demonstrated proficiency and commitment to innovative cost control strategies and driveout cost committees and overhead control teams reducing fuel bills, labor charges, wastages and improves labor efficiency, steam and power efficiency.