When Ghias Khan stepped down as President and CEO of Engro Corporation in early 2024, the Pakistan Stock Exchange barely flinched. The share price held steady, investors remained confident, and the company’s strategic direction continued uninterrupted. In an era where leadership transitions can trigger market volatility and share price drift, Engro’s orderly succession stood as a masterclass in corporate governance. This was not unusual. Hussain Dawood the humble servant leadership owner of Engro, had a devotion to strong competent boards focused on compliance and stability. This seamless transition carries some nuance; a flicker of a shadow seen from the corner of the eye that should be an additional data point for serious long-term investors in the stock. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
The Engro Succession: Smart continuity or a postcard to the past?
The leadership transition for one of Pakistan’s largest conglomerates carries within it many lessons
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