Is Corporate Governance only a Fad…Fashionable…or a bore!! Ayla Majid CEO CAMCO (Pvt) Limited (Corporate Member of Islamabad Stock Exchange)

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Presentation transcript:

Is Corporate Governance only a Fad…Fashionable…or a bore!! Ayla Majid CEO CAMCO (Pvt) Limited (Corporate Member of Islamabad Stock Exchange)

Why…. Color Blue fashionable and sells Acai Berrys Omega III

Code of Corporate Governance 2012 Board composition – Executive and Non Executive – Independent Directors (1..preferably 1/3 rd ) Maximum directorships one can have = 7 System of controls – internal controls Board has to evaluate itself within 2 years CEO and Chairman cannot be same person

Code of Corporate Governance 2012 Directors Training Program Role of CFO and Company Seretary Related Party transactions – disclosures Corporate Reporting Framework Board Committees – HR and Audit External auditots – 5 years rotation Statement of Compliance of code

IFC CG Survey 2010 Findings….At a Global Level Recent financial crises have elevated the importance of good governance. Specific corporate governance-related reforms could make countries more attractive investment destinations. Emerging market investors believe that better firm- level governance can make up for country weaknesses in corporate governance.

IFC CG Survey 2010 Findings….For emerging market fund investment decisions Corporate governance is a critical factor in emerging market investment decisions Investors are willing to pay a premium for better-governed emerging market firms

IFC CG Survey 2010 Findings….Company Specific Investors often do not invest in emerging market companies with poor governance Lack of transparency is a red flag for emerging market investors Board independence is a low-level concern for emerging market investors

What is happening……!! Enhance shareholder and stakeholder value Needs an asessment…. If its fashionable… it needs a cntinous change and that will be based on asessment… Research on the impact… is it really helpful??