Corporate Briefing Session (CBS)

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Corporate Briefing Session (CBS)

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The objective of corporate briefing session is to provide suitable and equitable flow of information to shareholders, market analysts and investors.

Mandatory requirement for all listed companies:

As per PSX Notices and SECP directives, it is mandatory to hold one Corporate Briefing Session (CBS) during the whole financial year by all listed companies including Modarbas and Close End Mutual Funds.

What shall be in corporate briefing session (CBS)?

Suggested content for CBS shall be;

Company Brief: Brief description of company business.

Strategic / Operational Developments: Strategic Plans and developments, upcoming projects, forecasts.

Financial Details: These include balance sheet, profit & loss, cash flow statement and notes to the financial statements, may include financial ratios.

Questions and Answers: Q & A session for further clarifications.

Requirement of CBS is in addition to Annual General Meeting (AGM)

The requirement of conducting Corporate Briefing Session (CBS) once annually is in addition to holding Annual General Meeting (AGM).

When to conduct CBS

If companies conduct the CBS on the basis of annual accounts – within 30 days of holding AGM.

If companies conduct the CBS on the same day of its AGM – separate session with reasonable margin for the ease of market analysts and CBS attendees.

Management Presence in CBS

It is preferable to conduct  CBS in the presence of CEO and CFO or Company Secretary to have information to investors and market analysts from key management persons.

Notice of Corporate Briefing Session (CBS)

At least 7 days’ notice is required to inform PSX and website mentioning date, time and venue.

Details to be provided by Shareholders / Market analysts / Investors

Shareholders / Market Analysts / Investors are required to intimate the company below information as per the timeline provided by the company in its notice of CBS.



Folio No. (In case of shareholder)

Name of Organization (In case of investor / Analyst wherever applicable)

Contact No.

Email address.

Publishing / Posting of Presentation

After the session, it is preferable to publish the presentation on company website.

Penalty on Non-Compliance with requirements of CBS.

If there is non-compliance by the company, penalty as per rule 5.20 of PSX rules may be charged.


PSX Notice reference and date

PSX/N-92 January 28, 2019

PSX/N-249 March 4, 2019

PSX/N-654 May 23, 2019

Website reference:

The PSX notices downloads links are below:

About the Article:

The author search the topic of corporate briefing for Pakistan listed companies to know why it is necessary to have these briefing but finds corporate briefing details and notices of companies in Pakistan, so he feels that there is need to explain the requirements of corporate briefing.


The article is for accountants and employees working in company secretary / legal department to know actual requirements of corporate briefing and reference of notices.

Ali Murtaza


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