PAKISTAN’S DRAFT CODE OF CORPORATE GOVERNANCE 2019 – Hyphen Consultancy

PAKISTAN’S DRAFT CODE OF CORPORATE GOVERNANCE 2019

All over the world “Code of Corporate Governance” is issued by the
regulators of capital markets to protect the interest of shareholders.
As the economies, culture and companies are not stagnant and
always go through an evolution phase; so does the requirements to
govern the organizations.
Securities and Exchange Commission of Pakistan has recently issued
a draft Code of Corporate Governance 2019. While the new draft
code promises to bring certain improvements, there is and will
always remain a room for improvement as for any legislation
The purpose of this publication is to educate the investors,
directors, company’s management and public at large on the key
changes brought about, our views on the same and suggestions
for improvement. Together with this we have highlighted few areas
where the Regulator can look into for enhancing the depth & breadth
of the Code.
We hope that this effort will be useful for various stakeholders to
develop well governed organization for creating better working lives.
FOREWORD

Muhammad Faheem Piracha
CEO

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