Corporate governance rules for public sector companies being improved

ISLAMABAD, August 27: The Securities and Exchange Commission of Pakistan has issued the draft of amendments to the Public Sector Companies (Corporate Governance) Rules, 2013, to obtain feedback from the stakeholders and the public. Based on the implementation experience as well as feedback received from the line ministries of public sector companies and other stakeholders, it was deemed necessary to introduce certain amendments to the rules to facilitate compliance and ensure to good corporate governance principles. The public sector companies are significant economic players delivering critical services in important economic sectors.