Listed Companies: Sec 74 of Companies Act, 2017 "Removal of Chief Executive"
Reform IDF402
DescriptionPreviously, the board or the company could remove a chief executive before the end of their term, with the company needing a special resolution; now, the requirement of special resolution is removed.
DepartmentSecurities and Exchange Commission of Pakistan (SECP)
Jurisdiction / LocationFederal - Entire Pakistan
SectorAll Sectors
Start Date
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 25%
CCORR DirectionEliminate
Cost Savings PKR (Mil.)
Evidence