SECP asks listed companies to implement gender diversity policies

Staff Reporter

In order to foster a beneficial and comfortable working environment for Pakistani women, the Securities and Exchange Commission of Pakistan (SECP), has asked listed companies to formulate and implement gender diversity policies to attract and retain talented women.

Pakistan figures fairly low in the Global Gender Gap report index, prepared by the World Economic Forum and there is a strong need to encourage women participation in the workforce, developing in-demand skills and creating opportunities for women to advance into leadership roles within the corporate sector.

The SECP has always been a strong advocate for gender equality, internally and in its regulated sectors and firmly believes that gender diversity in decision making has a proven correlation with enhanced financial performance of the corporate sector and the overall growth of the economy.

Promoting gender diversity have also been addressed in the Companies Act, 2017, and the Listed Companies (Code of Corporate Governance) Regulations, 2019.