ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has formed a panel of experts to review how listed companies conduct shareholder meetings and elect directors, aiming to enhance corporate governance and protect minority investors, it said on Thursday.
The SECP said the committee had submitted its report, which included recommendations to improve transparency and efficiency in shareholder meetings, voting process, proxies, and monitoring mechanism.
The report also suggested ways to ensure effective participation and value addition by institutional investors, who often hold significant stakes in listed companies but do not exercise their voting rights, the SECP said.
The report is available on the SECP's website for public consultation until March 30, and the regulator invited feedback from all stakeholders, especially listed companies, before finalising the reforms.
The sun is seen behind a crude oil pump jack. — Reuters/FileISLAMABAD: Petroleum Exploration Limited , a leading...
This representational image shows a person holding gold necklaces. — AFP/FileKARACHI: Gold prices decreased by...
A Dior sign is seen in a shop with the Church of Santissima Trinita dei Monti and the Spanish Steps in the background,...
Reduction of tariffs and trade barriers has made imports cheaper and more accessible
An EV standing at a charging station can be seen. — AFP/FileLONDON: The UK car industry sold a record number of...
The annual Consumer Electronics Show logo can be seen. — AFP/FileLAS VEGAS: Gadgets, robots and vehicles imbued...
