Current State, Challenges and Way-Forward
In today’s global environment, all businesses are exposed to immense risks. In general, profit maximization is a major task of most corporations, in the eyes of the stakeholders. In such a scenario the role of corporate governance is essential in providing an appropriate level of control. Corporate boards are entrusted with a very difficult task to perform. The increasing pressure has led boards to gauge their performance and see how they can act as a value adding contributor to the success of the company.
To highlight the current state of Corporate Governance in Pakistan and to suggest a way forward in the country’s present scenario, Mr. Asad Ali Shah presented a paper on the topic Corporate Governance-Current State, Challenges and Way-Forward in a seminar organized by The Institute of Chartered Accountants of Pakistan.