The Karachi Stock Exchange (Guarantee) Limited’s announcement regarding certification of directors under “The Board Development Series” Program offered by the Pakistan Institute of Corporate Governance (PICG)

Karachi: Further to our Notice No. KSE/N-3445 dated June 23, 2011 regarding compliance of Clause No. (xiv) of the Code of Corporate Governance pertaining to Certification of Directors under “The Board Development Series ” Program offered by the Pakistan Institute of Corporate Governance (PICG).

It is hereby informed that the Securities and Exchange Commission of Pakistan in view of the requests received from various companies has extended the time line prescribed under Clause No. (xiv) of the Code for Certification of minimum one Director, for one year, Accordingly, the listed companies will now be required to ensure certification of minimum one Director on their Board uptil June 30, 2010.

The listed companies are requested to note the above and ensure its compliance.

For more information, contact:
S. Munawar Ali
Senior Manager
Public Relations
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk