ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said on Tuesday it had formed a committee of experts to review the conduct of shareholder meetings by companies listed on the Pakistan Stock Exchange (PSX) and related matters.
The SECP said the move was aimed at increasing transparency and addressing concerns of minority shareholders. The committee will review the regulatory requirements for shareholder meetings, including the election of directors and the use of proxies, and suggest reforms, the SECP said in a statement.
It will also propose a monitoring mechanism for meeting proceedings, including the recording of minutes, and identify the role of technology in enhancing efficiency, it added.
A representational image of Nishat Hotel. — Facebook@thenishathotel/FileKARACHI: The Competition Commission of...
From Left-Right: Mr. Roger Luo , Mr. Waseem Shahbaz Lodhi , Ms. Summer Gao , Mr. Tayyub Hussnain speaking at...
A representational image of gold jewellery. — AFP/FileKARACHI: Gold prices remained unchanged on Monday in the local...
Pakistan’s Ambassador to the United States Rizwan Saeed Sheikh. — Foreign Office website/FileKARACHI: Pakistan’s...
State Bank of Pakistan building in this undated image. — SBP/FileKARACHI: The State Bank of Pakistan has announced...
Microcontroller chips can be seen in a lab. —AFP/FileWASHINGTON: The United States said on Monday it is opening an...
