The Finance Division has announced the appointment of five individuals as private members of the Securities and Exchange Policy Board. Their tenure will span a period of five years.
According to a notification issued by the Finance Division, the federal government has appointed Sima Kamil, Shagufta Shamsuddin Hasan, Maheen Rehman, Ardeshir K. Marker, and Ammara Masood as private members of the Securities and Exchange Policy Board.
Their appointments are effective immediately and will last for a term of five years.
The main objective of the Policy Board is to provide guidance to the Commission in all matters relating to its functions and to formulate policies in consultation with the Commission.
The policy board is also responsible for advising the government on matters falling within the purview of the Act and other corporate laws, and also to express its opinion on policy matters referred to it by the government or the Commission itself.
The Policy Board by law consists of a maximum of 11 members appointed by the federal government. These include five ex-officio members and six from the private sector.
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