“Compliance is must for economic growth,” said executive director of the Strategy Development and External Relations Department of the Securities and Exchanges Commission of Pakistan, while speaking at an awareness session on the new Code of Corporate Governance at the Lahore Stock Exchange.
The code was launched and implemented as part of the listing regulations of stock exchanges in April this year.
Since the revised code has made certain previously optional provisions mandatory and introduced new concepts and requirements, the SECP felt the need to create awareness at all three stock exchanges. The regulator says these awareness sessions are part of the SECP’s efforts to raise corporate governance standards in Pakistan and to protect the interests of minority shareholders.
Published in The Express Tribune, December 25th, 2012.