“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 requirement for at least one female director on each board – as well as governance mechanisms regarding quorum and mandatory attendance at board meetings.

You may read the article on the Manifest internet site.

“BSE Carbonex index outperforms Sensex so far in 2017” – Livemint – September 7, 2017

On September 7, 2017 Livemint reported from Mumbai that “(s)tocks of Indian companies which are committed to mitigating risks arising from climate change have fared better this year. The BSE Carbonex index has climbed 23.16% in comparison with an 18.91% jump in the benchmark Sensex so far this year.

In the three-year period till 6 September, the Carbonex has jumped 26.72% and the Sensex gained 17.15%, belying the belief that socially responsible investments find it tough to generate long-term performance.”

The article includes a graph from Bloomberg comparing performance of the two indices and data about other ESG indices covering India.

 According to Ved Malla, associate director, product management at S&P BSE Indices, “Green investment in India may be in a nascent stage, but it is evolving and expected to gain momentum in the coming years. Many stakeholders, including the government, corporations and market participants have become environmentally conscious and are looking to integrate environmental aspects of businesses in their mainstream investment strategies.”

You may read the article on the Livemint internet site.