ISLAMABAD: 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. These guidelines will address impediments faced by listed companies, their shareholders and stakeholders, the SECP said.
Guidelines issued on the role of officers of listed companies regarding general meetings provide Chairman of Board, Company Secretary, Chief Executive Officer and Share Registrar a comprehensive set of instructions that entails their role, responsibilities and conduct during general meetings. The guide has been prepared in light of applicable requirements of existing laws and regulations with few changes proposed in existing regulations.
The SECP guidelines also contain a checklist that has consolidated all the requirements laid down in applicable laws and regulations with respect to responsibilities of officers that need to be signed by concerned officers so as to ensure timely discharge of responsibilities by them.
As part of inclusion of technology in day to day businesses, the guidelines suggest enhanced use of technology during general meetings, outline the procedure of conducting general meetings through electronic means, manner of participation and e-voting by shareholders, procedure for voting through ballot papers and timing & manner of announcement of result of poll electronically etc.
