These regulations are called the Listed Companies (Code of Corporate Governance) Regulations, 2019 [“Regulations”]which is made effective from 25 September 2019 vide SRO 1163 (I)/2019.
These Regulations in respect of its non-mandatory provisions, work on “comply and explain approach”under which companies either comply with the requirements or provide an explanation for not doing so. The directors are to act prudently while making the decision.
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