Regulation 2019
Listed Companies (Code of Corporate Governance) Regulations, 2019 (SRO 1163(I)/2019)
Summary
Issued by SECP as SRO 1163(I)/2019 of 25 September 2019 for companies listed on the stock exchange; it applies on a comply-or-explain basis except where a requirement is marked mandatory. Regulation 10(4)(xv) has the board keep a whistle blowing policy that handles complaints fairly and protects the complainant against victimisation, and regulation 27(4)(xiv) has the audit committee review how staff report concerns in confidence. SECP publishes the text as amended up to 7 July 2023; the date of gazette publication, which fixes commencement, is not shown, so effective_date is left blank.
Topics: Corporate Governance Employment & Whistleblowing
Who it applies to
Corporates (Listed)
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Whistle blowing policy and complainant protection in listed companies | Ongoing | SECP | official | |
Regulation 10(4)(xv) of the Listed Companies (Code of Corporate Governance) Regulations, 2019 has the board establish a whistle blowing policy with a mechanism to receive and handle complaints fairly and transparently and to protect the complainant against victimisation. Regulation 14(xvi) has the chief executive report to the board on issues pursued under that policy and how they were resolved. Regulations 10 and 14 are not marked mandatory, so they apply on a comply-or-explain basis (regulation 1(2)); regulation 27(4)(xiv), which has the audit committee review how staff and management report concerns to it in confidence, sits in a mandatory regulation. |
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| No obligations match these filters. | ||||
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