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).
Industry sectors covered by the instrument
Organizations covered by the instrument
All listed companies
Type of instrument
Code of conduct or guideline
Mandatory or voluntary
The geographical scope