Corporate Governance

Corporate governance in Pakistan is principally regulated under the Companies Act 2017 and the SECP's Listed Companies (Code of Corporate Governance) Regulations 2019. These instruments impose stringent requirements on board composition, audit committees, related-party transactions, risk management, and disclosure obligations. Our practice assists both listed and unlisted public companies in designing and implementing governance structures that satisfy legal mandates and international best practices.

The role of the board of directors has been significantly strengthened by recent amendments. Directors now face enhanced fiduciary duties, mandatory director training requirements, and personal liability for governance failures. We provide board training sessions, governance audits, and advice on board evaluation processes. We also draft board charters, committee terms of reference, and conflict-of-interest policies tailored to each client's specific operational context.

Effective governance extends beyond compliance — it is a strategic asset that builds investor confidence and reduces the cost of capital. We work with audit committees to strengthen internal controls, with nomination committees on director succession planning, and with management on developing whistle-blower policies and risk registers. Our governance reviews benchmark clients against the PSX's ESG guidelines and international standards such as the OECD Principles of Corporate Governance.