Implementation of employees code of conduct by SEBON; focuses to remove unfair practices
Fri, Aug 4, 2017 4:54 PM on Latest, Featured, Stock Market,
Securities Board of Nepal (SEBON) has implemented code of conduct for its employees and BOD members of regulatory bodies in order to maintain good governance in share market. If the board themselves are able to maintain good governance then only overall market will be well governed. Newly implemented “Nepal Securities Board Members Code of Conduct, 2074” consists of following provisions:
- Board members are not entitled to invest in shares of listed stocks and trade in secondary market as well.
- Board members cannot take any stipends and financial benefits and cannot performs as board members and advisors in any securities business person, listed companies and companies which are in the process of approval from
- Board members involved in securities business person, listed companies and companies which are in the process of approval from SEBON cannot take part in any kind of decisions and discussions by giving prior notices to the board.
- While performing duties by board members, any decisions and discussions made should not be disclosed to any individuals or media directly or indirectly.
- Board members should not provide any kind of services to securities business person, listed companies and companies which are in the process of approval from SEBON and should not involve in activities that generates personal and family benefits by misusing name and power of the post.
- Board members should not demand and receive any donations and gifts from any persons without prior permissions from the board.
