Institute of Chartered Accountants of Pakistan holds seminar on “Changes in the Code of Corporate Governance

Karachi, July 27, 2012 (PPI-OT): Southern Regional Committee of Institute of Chartered Accountants of Pakistan (ICAP) organized a seminar on “Changes in the Code of Corporate Governance” held on recently at ICAP-Moosa D. Desai Auditorium ICAP House Clifton, Karachi.

Speakers at the seminar highlight the importance of complying codes of governance in corporate sector by private and multinational companies throughout the country.

They highlighted the uniform code of governance and its practice should be ensured in the multinational and private firms. Besides the codes and practices should be changed in accordance with current scenario.

They speakers were included Syed Masoud Ali Naqvi, FCA, Senior Partner, KPMG Taseer Hadi and Co, the session chairman and Mr. Fuad Azim Hashimi, President and Chief Executive Officer, Pakistan Institute of Corporate Governance and Syed Asad Ali Shah, FCA Past President, lCAP speakers at the seminar.

Corporate Governance is essentially about leadership – leadership that is responsible, exercised with probity and conducted in a highly transparent and accountable manner. Therefore, the emphasis throughout – whether in a presentation on financial stewardship or another on board accountability – is on developing leadership skills.

Corporate Governance contributes both to business prosperity and to accountability.

The SECP has thus been making continuous efforts to raise the corporate governance standards in the country. The first step was made in March 2002, when the Code of Corporate Governance (the Code) was issued by SECP. It was included as a part of the listing regulations of the three stock exchanges and became applicable to all public listed companies.

For more information, contact:
Muhammad Rafiq
Media Coordinator
Institute of Chartered Accountants of Pakistan (ICAP)
Chartered Accountants Avenue, Clifton
Karachi-75600, Pakistan
Phone: +9221 111-000-422
Fax: +9221 99251626
Cell: 0300 2128185