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Is Corporate Governance only a Fad…Fashionable…or a bore!!

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

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Is Corporate Governance only a Fad…Fashionable…or a bore!!

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  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 1/3rd) • 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 premiumfor 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??

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