SECP organizes webinar on Stewardship Guidelines

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ISLAMABAD, AUG 23 (DNA) — The Securities and Exchange Commission of Pakistan (SECP) held a webinar today on recently introduced “Stewardship Guidelines” with institutional investors and other stakeholders in the capital market.

In her opening remarks, SECP Commissioner Sadia Khan emphasized the role of institutional investors as stewards of capital and encouraged actions which promote sustainability in terms of environment, societal and governance (ESG) aspects.

The webinar discussion invited a panel of SECP officials, professionals, and industry leaders. Speakers included JS Investments Limited CEO Iffat Mankani, Jubilee Life Insurance Head of Research Sultan Mehmood, and SECP Additional Joint Director Sabahat Ul Ain.

During the interactive session, the panelists shed light on measures being taken for improving the overall capital stewardship landscape in Pakistan and how SECP’s stewardship guidelines facilitate maturity of capital markets in this regard.

During her concluding remarks, SECP Executive Director Khalida Habib emphasized the need to promote long-term value creation and responsible engagement of institutional investors with the investee companies.

The SECP intends to conduct a post regulatory impact analysis in the future to assess implementation of Stewardship Guidelines. Attendees appreciated SECP for organizing the webinar and called for continuing such initiatives of public engagement and awareness. =DNA