The Securities and Exchange Commission of Pakistan and the International Finance Corporation, the private sector arm of the World Bank Group, today signed a Memorandum of Understanding today in Islamabad to promote and support corporate governance reforms in Pakistan.
Dr. Tariq Hassan, Chairman of the Securities and Exchange Commission of Pakistan, said, “This is the first project to tackle corporate governance reforms on a comprehensive basis in our country. The project sets out to strengthen current practices of financial institutions and corporations. It will also advise the public sector on how to improve upon the legal and regulatory framework for corporate governance and will build institutional capacity for developing corporate governance curricula and training.” He added that the project would help the Pakistan Institute of Corporate Governance become a leading provider of knowledge and awareness related to corporate governance practices in the country.
See full Press Release.
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