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.

A.T.M. Habib Ullah – Executive Director (Operations)
Mr. A.T.M. Habib Ullah, appointed as Executive Director (Operations) from June 2018 of Aftab Bahumukhi Farms Limited. He is also responsible of Aftab Hatchery Ltd., Aftab Feed Products Ltd., & Aftab G.P Farms Ltd.
Mr Rahman is a Post Graduate in MBA in HRM under Stamford University, Graduate in M.Com in Accounting under University of Dhaka.

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

G. H. N. Ershad – Director (Sales)
Mr. G. H. N. Ershad appointed as Director (Sales) in Aftab Feed Products Ltd. Aftab Hatchery Ltd. Aftab Bahumukhi Farms Ltd., & Aftab G.P Farms Ltd.

Mr. Ershad’s former employment as Aman Feed Ltd. & Aman Breeders Ltd. (General Manager – Operation),Kazi Farms Group Keari Ltd. (National Sales Manager),Keari Ltd. (Manager – Marketing),Index Agro Industries Ltd. (Marketing Coordinator),Tophim BD Ltd. (Prima Feed Marketing Company) Shovapur Poultry & Dairy Complex Ltd. (Assistant Manager-Sales),Shovapur Poultry & Dairy Complex Ltd. (In-charge -Commercial Poultry Farming).

Mr. Ershad is complete Diploma in Marketing Coordinator (2012) under kademy of Learning College, Canada,M.Com in Management (1997) under Dhaka College,B.Com (Hons) in Management (1996) under Dhaka College.

Md. Golam Mostafa, ACA – Operative Director (F&A)
Mr. Md. Golam Mostafa, FCA appointed as Operative Director – CFO – Acting as the Head of Finance and Accounts department since April 01, 2018 till today with Aftab Feed Products Ltd., Aftab Bahumukhi Farms Ltd., Aftab Hatchery Ltd., & Aftab G.P Farms Ltd.
Mr. Md. Golam Mostafa is a MBA in Finance from Stamford University, B.Com (Pass) from Chittagong University.

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