Aiming to promote long-term value creation and “responsible” engagement of institutional investors with the investee companies, the Securities and Exchange Commission of Pakistan (SECP) has issued the Stewardship Guidelines for Institutional Investors.
The guidelines are applicable to the Asset Management Companies, Pension Fund Managers, Private Fund Management Companies, Life Insurers and Employees Contributory Funds managed by the Investment Advisors with equity holding in listed companies, said a Press release issued here.
Comprising of a set of best stewardship principles, the guidelines provide a comprehensive stewardship framework to steer institutional investors on effective exercise of their stewardship responsibilities with due regard both to their investors and investee companies.—APP
