SECP introduces key reforms in corporate governance rules

News Image

MG News | March 28, 2025 at 12:30 PM GMT+05:00

0:00

March 28, 2025 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has made amendments to the Listed Companies (Code of Corporate Governance) Regulations, 2019, and the Companies (Postal Ballot) Regulations, 2018.

These amendments align with SECP’s commitment to safeguarding shareholders' rights, enhancing corporate governance practices, and upholding market integrity.

Under these reforms, the category-wise voting scheme has been omitted to support minority shareholders’ representation on the board.

Additionally, the role of the scrutinizer has been strengthened to bring transparency to the process of accepting or rejecting nominations for the election of directors and proxies, as per the press release issued today.

Further reforms aim to enhance corporate governance by mandating directors' attendance at general meetings and encouraging independent evaluations of board performance by an external body.

Earlier, SECP constituted a committee comprising market experts and relevant stakeholders to improve transparency and the conduct of shareholders’ meetings.

Extensive public consultation was carried out on the committee’s report, leading to the proposed reforms.

Public consultation was also conducted on the amendments before their finalization.

The amendments to the Listed Companies (Code of Corporate Governance) Regulations, 2019, and the Companies (Postal Ballot) Regulations, 2018, are available on the SECP website.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
166.66M
0.32%
447.43
ALLSHR 85,833.49
417.73M
0.31%
262.05
KSE30 42,254.84
81.51M
0.43%
180.24
KMI30 194,109.59
83.79M
0.15%
281.36
KMIALLSHR 56,713.67
215.25M
0.03%
16.37
BKTi 37,911.19
13.00M
1.84%
683.47
OGTi 27,443.93
3.89M
-0.07%
-20.40
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,215.00 119,440.00
118,260.00
920.00
0.78%
BRENT CRUDE 72.05 73.17
72.00
-0.46
-0.63%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.74 69.79
68.71
-0.47
-0.68%
SUGAR #11 WORLD 16.46 16.58
16.44
-0.13
-0.78%

Chart of the Day


Latest News
July 30, 2025 at 03:15 PM GMT+05:00

SBP keeps policy rate unchanged at 11%


July 30, 2025 at 03:09 PM GMT+05:00

LSE Capital exits Ensmile Limited


July 30, 2025 at 03:06 PM GMT+05:00

PMYP, PILDAT sign landmark LOI to strengthen youth


July 30, 2025 at 03:02 PM GMT+05:00

PHDL issues clarification on winding-up process


July 30, 2025 at 02:34 PM GMT+05:00

VIS reaffirms entity ratings of NCL



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg