PHIL 2600 Lecture Notes - Lecture 3: Good Governance, Fiduciary, Firstclass

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Set out as clearly as you can the system of corporate governance that operates in your home country. The corporate governance being followed in pakistan: The 2002 code of corporate governance was the first issued code that was to be followed by the companies that were listed with the secp. This was a regulatory principle for the companies and stock exchange market of pakistan. The picg (pakistan institute of corporate governance) a non-profit organization was originated in the december of 2004. The purpose of the company was to introduce in pakistan an effective and reliable corporate governance practice. In order to stay in the same speed of international standard of corporate governance, the security and. Exchange commission of pakistan launched an improved new corporate governance code. 2012 code for the companies listed was renewed and enhanced so that the country was not losing the pace of global market. The procedure implemented to revise the 2002 code was relatively.

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