Vision Statement
To continue to hold a highly prestigious profile amongst the national as well as international industry through producing international quality yarn, embroidered cloth, grey cloth and socks, while ever endeavoring for a sustainable growth of the Company.
Mission Statement
The company's primary mission is to be a profitable performance proven leader in quality yarn, embroidered cloth, grey cloth and socks manufacturing, with recognition coming from our customers, our equity holders, our employees and the public at large. The company seeks to accomplish this in a manner that contributes to the strengthening of the free enterprise system, to the development and growth of its employees, and to the goals of the country and the community towards fulfilling its social responsibilities/obligations in a befitting manner.
Statement of Ethics and Business Practices
Introduction
Crescent Cotton Mills Limited (formerly Crescent Sugar Mills & Distillery Limited) (CCML)
holds, and will continue to hold, a leading position among quality yarn manufacturers, embroidered cloth, grey cloth and socks in Pakistan.
CCML's activities are guided by the highest standards and principles of business conduct as accepted by the national as well as international business community.
Crescent Cotton Mills Limited is proud of its reputation, its honest treatment of customers, directors and employees. The professionalism of management and employees of
CCML and the corporate principles and ethics abided by them continue to be an essential factor in the development of the company. These factors continue to shape and strengthen its present position in the business community. We believe that adherence to these principles is key to a successful future for
Crescent Cotton Mills Limited.
Crescent Cotton Mills Limited operates in an emerging economy. Following the principles of good corporate citizenship,
CCML is committed to setting an example of high ethical and proper business practices. It is our belief that adherence to the principles of corporate governance and transparency sets the tone for the ongoing development of our industry and the economy in which we operate.
Pakistan is CCML's home. As such, we are committed to increasing wealth in Pakistan and we have made this, one of our business priorities.
Compliance with best Practices of Code of Corporate Governance
Preamble
Compliance with best practices of Corporate Governance may derive assurance that the company is being ethically managed according to prudently determined risk parameters in compliance with generally adopted corporate practices and that all transactions not only comply with all laws but are also fairly and accurately reflected in the financial statements.
The implementation and compliance of elements of Code of Corporate Governance is the responsibility of the Board of Directors of the Company.
This document reflects company's procedure for compliance with the elements of Code of Corporate Governance.