
Last year the
Securities and Exchange Commission of Pakistan (SECP) published for comment a revised edition of its 2002 Corporate Governance Code: see
here (
pdf). The proposed changes were discussed this week by the
Senate Standing Committee on Finance. In a report of the Committee's meeting - available
here - it is noted that the SECP may reconsider its recommendation that not less than one third, or three, whichever is higher, of the board should be independent directors.
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