Corporate Governance in Pakistan

Corporate Governance in Pakistan PDF Author:
Publisher:
ISBN: 9789698372651
Category :
Languages : en
Pages : 0

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Corporate Governance Challenges in Pakistan

Corporate Governance Challenges in Pakistan PDF Author: Nadeem Zia
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 311077299X
Category : Business & Economics
Languages : en
Pages : 180

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Book Description
Corporate Governance Failures in Emerging Economies – Evidence from Pakistan provides detailed insights regarding corporate governance practices, legal and regulatory frameworks, drivers of corporate governance codes, levels of compliance and various corporate governance mechanisms in an emerging market context. The material outlines and discusses potential challenges to corporate governance development in these settings, emphasizing the wide array of formal and informal institutional factors that have both permitted and fostered corporate governance failures and scandals in Pakistan. This book will be of interest to anyone who is concerned with exploring issues relating to corporate governance outcomes in emerging market contexts and the relevance of institutional theory in offering explanations for the observed behaviour.

Corporate Governance in Pakistan

Corporate Governance in Pakistan PDF Author:
Publisher:
ISBN: 9789698372651
Category :
Languages : en
Pages : 0

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Book Description


Corporate Governance in South Asia

Corporate Governance in South Asia PDF Author: Tom Kirchmaier
Publisher: Asian Development Bank
ISBN: 9292626728
Category : Business & Economics
Languages : en
Pages : 156

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Book Description
This publication looks at several corporate governance issues, and provides an analysis of four core areas of corporate governance in South Asia in light of global trends and best practices. These include: i) corporate governance legal frameworks; ii) board structure and board diversity; iii) corporate governance of state-owned enterprises; and iv) anti-money laundering and compliance. The publication assesses the necessary regulatory preconditions for strong financial and economic development, and identifies areas for regulatory action. The findings are relevant for many developing countries around the world, as corporate governance will impact evolving challenges such as the COVID-19 pandemic, climate change, and sustainable global trade.

Casebook on Corporate Governance and Management Practices in Pakistani Organizations

Casebook on Corporate Governance and Management Practices in Pakistani Organizations PDF Author: Muntazar Bashir
Publisher: Oxford University Press, USA
ISBN: 9780199405497
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
This casebook covers a variety of issues which fall under the ambit of corporate governance and management control. Managers are often faced with situations that require anticipation and ability to guide their organization through major risks that could surface. The cases include the actions of the board of directors, the role of the audit committee, the role of the corporate regulatory organization known as the Securities and Exchange Commission of Pakistan, and the interaction with external auditors. The cases challenge the analyst to identify different managerial aspects of corporate governance and suggest solutions to the issues identified. The book can be used as a standalone text for undergraduate, postgraduate, and executive courses that have an interest in teaching corporate governance by using case studies.

Corporate Governance in an Emerging Market

Corporate Governance in an Emerging Market PDF Author: Valeria Kozhich
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
Corporate governance in Pakistan has significantly improved over the past few years although much remains to be done. In 2002, the Securities and Exchange Commission of Pakistan promulgated Pakistan's first Code of Corporate Governance. This Code, along with the Companies Ordinance of 1984, forms the legal basis for corporate governance in the country. The majority of corporations in Pakistan are family-controlled. Although there is a trend towards establishing good corporate governance, most of these corporations still prefer to retain their family structure that disfavors the minority investor. Moreover, the equity culture has been slow to develop, the market remains shallow and is skewed towards a few major companies. The Code is a "comply or explain" regime that applies only to listed companies. Listed companies are encouraged to have independent directors but are not required to do so. Many unlisted companies have voluntarily complied with the Code to become more successful. Some listed companies, however, have de-listed after the Code came into effect because they found the new requirements burdensome. State-owned enterprises do not comply with the Code. A corporate governance code targeted specifically towards these enterprises was scheduled to be released in Summer 2006. The government is aggressively privatizing state-owned enterprises, including some major companies such as Pakistan Telecommunications Ltd. that now has a major foreign shareholder. Unfortunately, obstacles to good corporate governance remain. Some of these include the lack of penal provisions in the Code, a passive financial press, the lack of active monitoring by the Securities and Exchange Commission of Pakistan, an overburdened court system, inadequate remuneration of directors, and a fragmented corporate governance law. However, several factors demonstrate that corporate governance is taking hold in Pakistan - minority shareholders may exit at a favorable share price during a merger, education and training in corporate governance is improving, the government is supporting corporate governance initiatives and many companies are voluntarily complying with the Code. Furthermore, the New York Convention has been ratified and arbitration is increasingly used as a method of settling disputes. Proactive changes in the Code as demonstrated by an upcoming corporate governance code for state-owned enterprises and anti-corruption measures are also encouraging prospects for corporate governance.

Special Isse: Corporate Governance in Pakistan

Special Isse: Corporate Governance in Pakistan PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 58

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Corporate Governance in Pakistan

Corporate Governance in Pakistan PDF Author: Miftahuddin Khilji
Publisher:
ISBN: 9783846541555
Category :
Languages : en
Pages : 172

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Corporate Governance in Pakistan

Corporate Governance in Pakistan PDF Author: Samza Fatima
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Corporate Governance, Minority Shareholders Rights and Remedies in Pakistan

Corporate Governance, Minority Shareholders Rights and Remedies in Pakistan PDF Author: Khurram Parvez Raja
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
Good corporate governance requires that all shareholders be treated fairly and equally. One aspect of corporate governance is the proper protection of, and respect for, the interests of shareholders, particularly those of minority shareholders. The need to protect minority shareholders is not only a corporate governance objective in its own right, it has an added significance in a country like Pakistan, where shares are often controlled by majority shareholders such as founding members. This thesis concentrates on corporate governance in Pakistan, with specific reference to the laws protecting the interests of minority shareholders in its companies. The thesis evaluates the corporate law regime in Pakistan and underlines the existing rights of shareholders under the law. This thesis seeks to examine the minority expropriation problem in Pakistani companies and the inadequacies of shareholder legal protection from a comparative law perspective. The corporate governance framework in Pakistani companies and the importance of minority protection in the general system of corporate governance is considered. It is contended that the current law does not afford minority shareholders the protection they need. This thesis evaluates the reform proposals promulgated by the English Law Commission in its Consultation Paper and Report on the statutory minority remedies of unfair prejudice, and considers in adopting these constructive proposals such as the exit article and the statutory presumptions of unfair prejudice and pro-rata basis share buy-outs into Pakistan company law as a model of reform. The attempts made by the English Law Commission to seek a comprehensive reform of minority shareholders' remedies merit full support. The system of law and justice in any country is the edifice on which it builds its civil society, democratic institutions, legal institutions and corporations. Therefore, the institutional background in Pakistan is critical to the understanding of the law in the books on "Minority Shareholders". Thus, this thesis examines law and legal institutions within a wider context, considering the social, economic, political and philosophical dimensions of the law.

Corporate Governance

Corporate Governance PDF Author: Okechukwu Lawrence Emeagwali
Publisher: BoD – Books on Demand
ISBN: 1839698152
Category : Political Science
Languages : en
Pages : 246

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Book Description
Corporate Governance - Recent Advances and Perspectives is a comprehensive overview of recent developments in business, management and economics. Chapters cover such topics as agency theory and internationalization, Corporate Social Responsibility, COVID-19 and corporate governance performance, gender diversity and corporate governance, and much more.