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The chief executive officer (‘CEO’) of Shah Sugar Mills Limited, a public listed company, intends to appoint Mr Yusuf as the company’s chief financial officer (‘CFO’). Mr Yusuf holds an MBA degree from the Lahore University of Management Sciences and has been working for the last six years for the corporate department of National Bank. The CEO hopes that with this appointment his workload shall be reduced and thereafter the CFO and the board of directors of Shah Sugar Mills Limited shall approve the financial statements. Before announcing the appointment of Mr Yusuf as the CFO, the CEO has approached you for advice.Required:Analyse the situation from the perspective of company law and the Code of Corporate Governance and advise the CEO as to whether Mr Yusuf could be appointed as the CFO and what would be his duties in this capacity. (10 marks)