Code of Corporate Governance
ISE incorporated Code of Corporate Governance in its listing regulations on 2002 to strengthen corporate governance practices in companies of Pakistan. In order to implement a good corporate governance practices in stock exchanges of Pakistan, ISE took the lead to elect a non-broker Chairman for the year 2006. Exchange Board of ISE was restructured in 2003 according to which the Board of Directors constituted of 10 members, of whom 5 are elected members of the Exchange, 4 are non-members nominated by SECP, and an independent non-member Managing Director is appointed by virtue of his office.
Read more about this topic: Islamabad Stock Exchange
Famous quotes containing the words code of, code, corporate and/or governance:
“Motion or change, and identity or rest, are the first and second secrets of nature: Motion and Rest. The whole code of her laws may be written on the thumbnail, or the signet of a ring.”
—Ralph Waldo Emerson (1803–1882)
“Motion or change, and identity or rest, are the first and second secrets of nature: Motion and Rest. The whole code of her laws may be written on the thumbnail, or the signet of a ring.”
—Ralph Waldo Emerson (1803–1882)
“Power, in Case’s world, meant corporate power. The zaibatsus, the multinationals ..., had ... attained a kind of immortality. You couldn’t kill a zaibatsu by assassinating a dozen key executives; there were others waiting to step up the ladder; assume the vacated position, access the vast banks of corporate memory.”
—William Gibson (b. 1948)
“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
And of his tonge and his hand also;”
—Geoffrey Chaucer (1340?–1400)