Code of Corporate Governance

2010 saw major changes being brought into the Code of Corporate Governance by the SECP. Pakistan Business Council took a proactive role to ensure that changes proposed represented international best practices and excellence that can be translated into meaningful and rational code of governing corporate bodies.

A position paper was submitted in November after much deliberation of a working group within PBC that made recommendations regarding proposed changes into Code of Corporate Governance. The hallmark of this position paper was the flexible and rationale applications of corporate governance clauses taking in view Pakistan’s specific economic profile.