Earlier, the SECP constituted a committee comprising market experts and relevant stakeholders to enhance transparency and improve the holding of the shareholders' meetings. The SECP has conducted extensive public consultation on the committee's report, following which the reforms were proposed in light of the committee's recommendations. Public consultation was also carried out on the proposed reforms. The amendments in the Listed Companies (Code of Corporate Governance) Regulations, 2019 and the Companies (Postal Ballot) Regulations, 2018 are posted on the SECP website. Meanwhile, the SECP has issued a circular introducing enhanced disclosure requirements for Fund Manager Reports (FMRs) by Asset Management Companies (AMCs). These measures will promote transparency and enable investors and unitholders of Collective Investment Schemes (CIS) to make more informed decisions.