Public Sector Companies (Corporate Governance) Rules, 2013

Pakistan Upcoming 2013

The Rules for Public Sector Companies were formally gazetted by the Government of Pakistan. It specifies that in annual reports the Director’s Report to shareholders should contain information on whether the board has complied with the relevant principles of corporate governance (section 17.2.a). Directors’ remuneration should also be disclosed. Key information to be tabled at the Board for its decision-making includes reporting on governance, risk and corporate social responsibility (CSR) (section 7).

Scope

Governance

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All listed companies

Issuer type

Financial Regulators

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners