The Securities and Exchange Commission of Pakistan (SECP) and International Finance Corporation (IFC), the private sector arm of World Bank, on Friday signed a Memorandum of Understanding to promote and support corporate governance reforms in Pakistan.
"This is the first project of its kind in Pakistan to tackle corporate governance reforms on holistic basis. It would serve to augment the initiatives of the SECP to achieve good corporate governance in the country.
The project sets out to strengthen corporate governance practices of financial institutions and corporations, impart training to directors on their role and responsibilities and, finally, to build institutional capacity in terms of developing corporate governance curricula and training," said Dr Tariq Hassan, Chairman, SECP.
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