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.
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