Listed Companies: Sec 74 of Companies Act, 2017 "Subsequent chief executive"
Reform ID		E395
Description		This section required the Board to appoint chief executive, for three years, within 14 days of election of directors or vacancy in chief executive office. Whereas, the casual vacancy will be filled till next directors’ election, and the Chief executive to keep working till successor takes over. However, this was proposed to be eliminated as it can be decided by the members of the Company in the Articles of Association.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Entire Pakistan
Sector
Start Date
Target Deadline
Date Enacted
Implementation Status		In Progress
Progress		25%
CCORR Direction		Eliminate
Cost Savings PKR (Mil.)
Evidence