Hubco Board has always supported the implementation of the highest standards of Corporate Governance.
The Board initially approved the Company’s own Code of Corporate Governance on June 24, 1994 before the Company issued its shares to the public in October, 1994.
The Company was initially listed only on The Karachi Stock Exchange, however in order to facilitate its shareholders / investors all over Pakistan, the Company is now listed on all Stock Exchanges in Pakistan and the Global Depository Receipts are listed on the Luxembourg Stock Exchange.
Following the Karachi Stock Exchange circular of May 2002 incorporating Securities and Exchange Commission of Pakistan (SECP) Code of Corporate Governance of March 2002 in its Listing Rules the Board at its first meeting in September 2002 amended Hubco’s Code of Corporate Governance to incorporate the SECP code. SECP on April 10, 2012 caused the Stock Exchanges to amend their Listing Regulations to incorporate the revised “Code of Corporate Governance 2012. The revision was approved by the Hubco Board in its meeting on April 25, 2012. Hubco’s Code of Corporate Governance includes the following:
- Hubco’s Code of Business Ethics.
- Dealing by Directors and Employees in Shares of Hubco.
- Hubco’s Code of Corporate Governance.
- SECP’s Revised Code of Corporate Governance 2012.
- Primary and Secondary Delegations.