“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.