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Essay heading: CORPORATE GOVERNANCE IN
Essay specific features
| Issue: |
Business |
| Written by: |
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| Date added: |
May 9, 1999 |
| Level: |
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| Grade: |
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| No of pages / words: |
10 / 2565 |
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0 times |
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Essay content:
In the context of Pakistan, the need for good corporate governance assumes a more significant dimension given the corporate culture and infact the overwhelming number of companies which are closely held.
In particular, therefore, the recommendation of the Code to restructure composition of Board of Directors allowing for a broad-based representation by executive and non-executive directors is central to the recommended scheme of good corporate governance by emphasizing openness and transparency in corporate affairs and decision making process... displayed 300 characters
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This would, thus, tend to reinforce the trust of the investors and other stakeholders in a corporate setup.
The Code may help to achieve is to subject such corporate control and decision making process to a more formal and effective degree of discipline and diligence on the part of those in whom the stakeholders have vested their affairs and have reposed their confidence... displayed next 300 characters
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