The Securities and Exchange Commission of Pakistan (SECP) has published the draft Guidelines for Professional Conduct in General Meetings to invite public comments and feedback.
The guidelines have been issued pursuant to SECP’s commitment to safeguarding shareholders’ rights, enhancing corporate governance practices, and upholding market integrity, said a release issued here on Thursday.
These guidelines aim to encourage professionalism and effective communication, ensuring equal opportunities for all shareholders to participate, express their concerns, and vote on important corporate matters in an informed manner during general meetings.
The guidelines focus on facilitating effective general meetings, with emphasis on pre-meeting preparation, respectful discussion, transparent voting, and post-meeting collaboration by all companies, particularly listed companies.
LEAP project
The Securities and Exchange Commission of Pakistan (SECP) on Thursday launched a new phase of its digital transformation initiative, introducing streamlined regulatory processes on the enhanced eZFile platform.
This milestone underscores SECP’s commitment to modernizing corporate regulation through automation, simplifying compliance, and improving the ease of doing business, said a news release.
With this update, users can now initiate key regulatory processes exclusively through eZFile, replacing the previous eServices system.
These processes include the registration of foreign companies and post-registration compliance; the registration, modification, and satisfaction of mortgages, charges, and pledges; changes in the principal line of business, including alterations in the Memorandum of Association; and the registration, modification, and satisfaction of an entire series of debentures or redeemable capital.
The implementation of these re-engineered processes reflects SECP’s focus on building a technology-driven regulatory framework. The Commission remains committed to continuously improving its digital platforms to ensure a seamless experience for businesses while upholding the highest regulatory standards.
This transition marks a significant leap toward a more efficient, transparent, and user-friendly regulatory ecosystem. By embracing digital advancements, SECP aims to simplify compliance, reduce processing times, and enhance accessibility for businesses and stakeholders.
SECP remains at the forefront of innovation, with further enhancements planned to promote business facilitation and regulatory modernization. Stakeholders can expect more updates as SECP continues to reshape Pakistan’s corporate regulatory landscape.