corporate governance issues and challenges

International Journal of Academic Research in Business and Social Sciences
April 2013, Vol. 3, No. 4
ISSN: 2222-6990

Corporate Governance- Issues and Challenges in
Pakistan
Beenish Ameer
Department of Management Sciences, Abbasia Campus, Islamia University of Bahawalpur,
Pakistan
E-mail:[e-mail]
Abstract
Purpose: Pakistani companies are crucial for attaining the better position in the global market by adopting the actual concept of corporate governance. Corporate governance is a worldwide phenomenon. Corporate Governance is the system of rules, practices and processes by which a company is directed and controlled. This research paper focuses on the finding & reviewing of the issues and challenges faced by corporate governance in Pakistan.
Research methodology: keeping in view the objectives of this study , research design was adopted to have greater accuracy and in depth analysis of the research study. Available secondary data was extensively used for the study. The investigator procures the required data through secondary survey method. Different news articles, Books and Web were used which were enumerated and recorded
Findings: The causes of poor corporate governance in Pakistani companies are ineffectiveness of INED’s in Pakistani companies, a lack of understanding, inadequately trained personnel, coverage, policy etc. further adds to the reach and effectiveness of corporate governance programs
Keywords: corporate governance, non executive independent directors (NED)
Introduction

Corporate governance is a way of governing activities of a corporation for the well being of all stakeholders (not only for shareholders) that ultimately leads to better financial performance. It is the set of process, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. “Corporate governance refers to the manner in which the affairs of a corporate body are or

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