Islamabad, Jan 1: The Securities and Exchange Commission of Pakistan (SECP) has published a Consultation Paper to improve the conduct of Corporate Briefing Sessions (CBS) for listed companies.
Purpose of Consultation:
- Ensure CBS sessions provide timely and accurate information to investors and analysts.
- Promote transparency in the stock market and enhance investor confidence.
Proposed Improvements:
- Mandatory Audio-Video Recordings: Ensuring detailed and transparent documentation of CBS.
- Online Participation: Mandatory option for virtual attendance to improve accessibility.
- Centralized Repository: Storage of CBS recordings for easy reference.
- Written Transcripts: Availability of detailed session notes.
- Advance Questions: Mechanism for submitting questions beforehand.
- Feedback Surveys: Gathering stakeholder input for continuous improvement.
- CEO and CFO Presence: Ensuring top-level participation for comprehensive discussions.
Feedback and comments are invited from stakeholders within 15 days of the paper’s publication. These improvements aim to align with global best practices and boost the efficiency of price discovery in Pakistan’s capital markets.
