SECP issues guidelines to facilitate listed firms
The Securities and Exchange Commission of Pakistan (SECP) has issued two sets of guidelines to facilitate and standardise the role of officers of listed companies and use of technology during general meetings.
According to a statement issued on Tuesday, the guidelines will address the impediments faced by the listed companies, their shareholders and stakeholders.
The guidelines on the role of officers of listed companies regarding general meetings provide the chairman of board, company secretary, chief executive officer and share registrar a comprehensive set of instructions that entail their role, responsibilities and conduct during general meetings.
The guide has been prepared in the light of applicable requirements of the existing laws and regulations with a few changes proposed in the existing regulations.
“The guidelines also contain a consolidated checklist of all the requirements in the applicable laws and regulations with respect to responsibilities of officers that needs to be signed by the concerned officials to ensure timely discharge of responsibilities by them,” it said.
As part of inclusion of technology in the day-to-day business, the guidelines suggest enhanced use of technology during general meetings.
Published in The Express Tribune, April 6th, 2022.
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