Islamabad, March 13, 2017 (PPI-OT):Finance Minister Senator Mohammad Ishaq Dar chaired a meeting on Monday to review various matters related to public sector corporate entities at the Ministry of Finance today. Chairman Securities and Exchange Commission briefed the Minister on the regulatory regime of public sector corporate entities and various ancillary matters.
The Finance Minister said that the public sector corporate entities should ensure strict adherence to the code of corporate governance. This, he said, would improve the governance in these institutions and would enhance their efficiency. He said that the Boards of Governors/ Directors had an important role to play in improving governance in these entities.
The Minister directed the officials concerned in Ministry of Finance to ensure that members of these bodies are abreast of the latest corporate governance guidelines issued by the SECP and other regulatory institutions. He also asked SECP to strictly monitor observance of regulatory requirements by all such entities. Senior officials of the Finance Division and SECP attended the meeting.
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