RegAlert2024-04-17
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Circular No. 10 of 2024 – Disclosure of Gender Pay Gap Data in Annual Report
The Securities and Exchange Commission of Pakistan requires the board of directors of listed companies to prepare and include a statement on the gender pay gap in their annual reports and make it available on their websites. This obligation applies to financial years ending on or after June 30, 2024, and mandates the disclosure of mean and median gender pay gaps calculated based on hourly rates of pay for full-pay relevant employees.
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SECURITIES & EXCHANGE COMMISSION OF PAKISTAN
(Chairman’s Secretariat)
No. SECP/CS/MC/17
Date: April 17, 2024
Circular 10 of 2024
Subject: Disclosure of Gender pay gap data in annual report
In continuation to its earlier Circular no. 07 of 2021 dated March 12, 2021 regarding Gender Diversity, the Securities and Exchange Commission of Pakistan (“the Commission”) in exercise of powers conferred under Section 510 of the Companies Act, 2017 (XIX of 2017) is pleased to direct the board of directors of listed companies to prepare and include in the annual report, a statement on gender pay gap and also make it available on their website. A suggestive template for the statement along with guidance on calculation of gender pay gap is provided for facilitation of listed companies. The Circular is applicable on listed companies for financial year ending on or after June 30, 2024.
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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.