Corporate Governance Code in Pakistan (2017): A Review

Volume 3 - Issue 1

Naheed Sultan*

Received: December 20, 2018;   Published: January 03, 2019

DOI: 10.32474/PRJFGS.2019.03.000153

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Abstract

This paper aims to analyse the current regulation of Pakistan in the field of corporate governance. The role of effective corporate governance in any developed or developing countries cannot be denied in terms confident investment and market stability. Pakistan first developed Code of Corporate Governance in 2002 and which got revised in 2012 and finally in 2017. Although the principles and practices of corporate governance are well developed in most parts of the world, however, the available literature on corporate governance issues in Pakistan is still not enough and there is a dearth of commentaries or analysis on the current regulation as being introduced in Dec 2017. Therefore, this paper aims to fill this gap through comparative approach, through documentary analysis, of the revisions to demonstrate the development process of Corporate Governance in Pakistan and to contribute to the ongoing debate on the effectiveness of new regulation.

Keywords: Corporate governance; Code; Pakistan

Abbreviations: SECP: Securities and Exchange Commission of Pakistan; CFO: Chief Financial officer; CEO: Chief Executive Officer; DTP: Directors training programme

Abstract| Introduction| Corporate Governance Code 2017| Conclusion| References|