لیا
3
We 6.
sist
le
The four current Government/appointed directors on
the board of the Futures Exchange include the chairman and the Executive Vice-chairman, neither of whom is eligible for election to the board as they are not members of the
These persons were appointed in October last
year to assist in steering the Exchange through the difficult period.
li Exchange. le
سال
ic
7
The Government
is now closely examining the
recommendations contained
Committee Report.
in
the Securities Review
Although we have not yet come to a final
view on the recommendations, we believe that it will be necessary for the Futures Exchange to introduce substantial stet
changes, both in its internal structure and in the way risk is managed. Although we shall proceed with all despatch, the likelihood that such changes can be implemented by the end of September is extremely remote. It is therefore
highly desirable for the present board of directors, including those appointed by the Government, who have the invaluable experience of running the Futures Exchange since tel last October, to retain their positions for a few more months in order to assist in the implementation process and maintain public confidence in the futures market during the interim period. This can be achieved by postponing the
& coming annual general meeting of the Exchange Company.
بھر
98.
adjourned.
Sir, I move that the debate on this motion be now
Question on adjournment proposed, put and agreed to.