Listed Companies: Sec 74 of Companies Act, 2017 "Disclosure of director interest in appointment of CEO, Secretary etc."
Reform IDE405
DescriptionThis section required the directors having an interest in the appointment of the CEO, secretary and full time director to disclose interest and not take part in voting. The part of section requiring such obligation was prospoed to be eliminated to the premise of micro management of the Company affairs.
DepartmentSecurities and Exchange Commission of Pakistan (SECP)
Jurisdiction / LocationEntire Pakistan
SectorAll Sectors
Start Date
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 25%
CCORR DirectionEliminate
Cost Savings PKR (Mil.)
Evidence