Pakistan Institute of Corporate Governance (PICG)
The Pakistan Institute of Corporate Governance (PICG) is a
not-for-profit company, limited by guarantee and without share
capital, setup under section 42 of the Companies Ordinance,
1984. The Institute is charged with promoting good corporate
governance practices in Pakistan.
Good corporate governance is an essential prerequisite for
the integrity and credibility of financial institutions, stock
exchanges, incorporated companies and the whole market economy.
It builds greater confidence and trust by ensuring transparency,
fairness and accountability with respect to shareholders and
other stakeholders. PICG is involved in training and education,
creating awareness, undertaking research, publishing guidelines
and other resource material. It provides a forum for discussion
on corporate governance.
We are a public-private partnership. In addition to the Securities
and Exchange Commission of Pakistan (SECP), our founding shareholders
include the State Bank of Pakistan (SBP), the three stock exchanges
in Pakistan, banking and insurance associations, apex bodies
of the corporate businesses and Non-Bank Financial Institutions
(NBFIs) as well as the leading business educational institutions.
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