Unlisted Companies: Section 188 of Companies Act, 2017 "Terms of appointment of chief executive"
Reform ID		F481
Description		Earlier, the board or company in a general meeting decided the terms and conditions of the chief executive’s appointment in accordance with the articles of association, and the chief executive was deemed a director. This section has now been eliminated for unlisted companies, leaving the matter to be decided as per the articles of association.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Federal - Entire Pakistan
Sector		All Sectors
Start Date
Target Deadline
Date Enacted
Implementation Status		In Progress
Progress		25%
CCORR Direction		Eliminate
Cost Savings PKR (Mil.)
Evidence