Pakistan

“Pakistan adopts new corporate governance rules” – Manifest – November 24, 2017

On November 24, 2017 Manifest reported that Pakistan has a new Companies Act 2017 and new corporate governance regulations approved by the Securities and Exchange Commission of Pakistan (SECP) will come into effect in Pakistan on January 1, 2018. “The regulations replace Pakistan’s 2012 corporate governance code. Changes in the requirements include decreasing the limit […]

“SECP consults on regulations revising Pakistan’s corporate governance code” – Manifest – September 8, 2017

On September 8, 2017 Manifest reported that the Securities and Exchange Commission of Pakistan (SECP) has requested public comment on the Listed Companies (Code of Corporate Governance) 2017 draft regulations. The draft includes provisions regarding board composition – a maximum of five board mandates in listed companies, a required number/percentage of independent board members and a […]