Pakistan: Senate Finance Committee considers Code amendments

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.