Stocks Observer. com

Securities and Exchange Commission of Pakistan (SECP) on Friday approved the Corporate Social Responsibility Voluntary Guidelines, 2013 aimed at encouraging body corporate to align their business strategies with their social responsibilities. The Corporate Social Responsibility Voluntary Guidelines is a preliminary step towards introducing broad parameters for accountability and reporting of CSR activities. These Guidelines are being published as guidance document for all companies. Under the Guidelines, Board of Directors of registered entities are encouraged to take ownership for formulation, adoption and implementation of CSR policy of a company. The Guidelines recommend that CSR policy be fully endorsed by Board of Directors of Company and that such policy is embedded in the vision and strategy of the company. CSR governance benchmark table has been added at the end of Guidelines that shall facilitate companies to assess their performance and for peer review. Prese...