Corporate governance rules for NGOs discussed

Karachi, June 28:  The Securities and Exchange Commission of Pakistan Executive Director Nazir Ahmed Shaheen has expressed the desire to develop a regulatory regime that will support corporate NGOs in enhancing their credibility and public trust and ensure transparency, accountability and good governance.

He was speaking at a roundtable conference on the draft Licensing and Corporate Governance Regulations for Associations Not-for-Profit. The conference was organised by the SECP in collaboration with the Institute of Chartered Accountants of Pakistan (ICAP).

The Commission issued draft Associations Not-for-Profit (Licencing and Corporate Governance) Regulations, 2013 on April 9, 2013 to elicit public opinion and the conference was part of the in-depth interaction of the SECP with the stakeholders. Held at ICAP house Karachi, the round table drew a good turnout, including representatives of corporate NGOs, accountants, lawyers and consultants.

Mr Ahmad Saeed President, Institute of Chartered Accountants of Pakistan (ICAP), thanked all participants for their interest and feedback. He reiterated the ICAP’s commitment to continue its valuable contribution as already extended from time to time in the development of better corporate regulatory environment in the country.

 The next round table conference will be held in Islamabad.

Tickers:

1.      Corporate governance rules for NGOs discussed: SECP

2. Regulatory regime will enhance transparency, accountability and good governance. Nazir Ahmad Shaheen, the SECP Executive Director