Code of Corporate Governance
ISE incorporated Code of Corporate Governance in its listing regulations on 2002 to strengthen corporate governance practices in companies of Pakistan. In order to implement a good corporate governance practices in stock exchanges of Pakistan, ISE took the lead to elect a non-broker Chairman for the year 2006. Exchange Board of ISE was restructured in 2003 according to which the Board of Directors constituted of 10 members, of whom 5 are elected members of the Exchange, 4 are non-members nominated by SECP, and an independent non-member Managing Director is appointed by virtue of his office.
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“Hollywood keeps before its child audiences a string of glorified young heroes, everyone of whom is an unhesitating and violent Anarchist. His one answer to everything that annoys him or disparages his country or his parents or his young lady or his personal code of manly conduct is to give the offender a sock in the jaw.... My observation leads me to believe that it is not the virtuous people who are good at socking jaws.”
—George Bernard Shaw (18561950)
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“He yaf me al the bridel in myn hand,
To han the governance of hous and land,
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