In support of the government of Pakistan’s efforts to improve corporate governance, the Securities and Exchange Commission of Pakistan (SECP) and the International Finance Corporation (IFC), organized an event here on Tuesday to present a report on the observance of Standards and Codes (ROSC) with respect to Corporate Governance in Pakistan.
About 60 senior executives from the corporate sector of Pakistan representing banks, manufacturing companies, services industry and other areas attended the event to discuss the topic of corporate governance reforms agenda and its application in future.
“This ROSC Corporate Governance Country Assessment, I am glad to say, clearly outlines the corporate governance scenario currently prevalent in Pakistan. It promises to go a long way helping us to take policy decisions and shall enable investors and stakeholders to better understand the corporate governance climate of the country. This reliable and in-depth analysis of corporate governance in Pakistan shall go along way in facilitating the SECP to channel its efforts in the right direction. The pertinent recommendations provided in this report shall guide the future reforms of corporate governance in the country,” said Abdul Rehman Qureshi, adviser to the SECP.
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