Islamabad—Realizing the crucial role of the stock exchanges as frontline regulators of the capital markets, the Securities and Exchange Commission of Pakistan (SECP) has appointed prominent professionals to act as independent directors on the board of the Pakistan Stock Exchange Limited (PSX).
The appointed individuals are expected to help PSX achieve good governance along-with playing vigilant role in ensuring effective enforcement of the regulatory framework and investor protection as a self-regulatory organization. The appointments have also been made with a view to bring diversity and synergy and facilitate national level representation on the governing body of the exchange.
In addition to reappointment of Muneer Kamal who has served as Chairman of the board of the former Karachi Stock Exchange Limited (KSE) since 2011-2015, the SECP has appointed Moin M. Fudda, Mr. Tawfiq Asghar Hussain, Mr. Muhammad Naeem, Ms. Rahat Kaunain Hassan and Samir Ahmed as independent directors on the PSX Board. All of the said individuals are highly qualified and seasoned professionals of excellent reputation and integrity, possessing vast experience of the financial and capital markets and the regulatory, legal and academic domain.