The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Institute of Cost and Management Accountants of Pakistan (ICMAP) held a roundtable conference of stakeholders in Lahore on the draft Licencing and Corporate Governance Regulations for Associations Not-for-Profit, for seeking their feedback and suggestions.
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 Expo Centre Lahore, the roundtable drew a good turnout, including representatives of corporate NGOs, accountants, lawyers and consultants.
The participants appreciated the efforts of the SECP and ICMAP in developing better regulatory environment and addressing issues confronting regulation of the NGOs sector. Speaking at the occasion, Nazir Ahmed Shaheen, executive director of the SECP, expressed his desire to develop a regulatory regime in Pakistan which shall be supportive to the corporate NGOs in enhancing their credibility and public trust while it shall ensure transparency, accountability and good governance.
The active participation and feedback of the participants shall help in finalizing the proposed regulations and betterment of the NGO sector in Pakistan.
