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

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

3. 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

4. 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

5. 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.

6. 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

7. 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

8. 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??