The Commission signed an MoU with the Pakistan Institute of Corporate Governance (PICG) on cooperation, collaboration, and capacity development for strengthening corporate governance and competition compliance in Pakistan. The Chairperson Ms. Rahat Kaunain Hassan and PICG Chief Executive Officer Mr. Ahsan Jamil signed the MoU at the Commission’s head office in Islamabad. Chairperson PICG Board of Directors Dr. Shamshad Akhtar, , the Commission’s Members Ms. Shaista Bano, Ms. Bushra Naz Malik, Mr. Mujtaba Ahmad Lodhi, and other senior officers attended the ceremony. Addressing on the occasion, the Chairperson welcomed the support of PICG in joining hands with the Commission through signing of the MoU. She stated that corporate governance and competition principles are intertwined. There is commonality of objective in that both regulate human behaviour and promote fair play. She further stated that the collaboration aims to promote good governance, ensure corrective behaviour and sustainable compliance through advocacy measures and trainings for the corporate sector. Dr. Shamshad Akhtar, in her remarks, said that the PICG board has envisioned to bring a new dynamism in the PICG with the aim to improve corporate governance in Pakistan. She welcomed the signing of MoU between PICG and Commission, saying that the prevailing conditions in public and private sectors require more of such partnerships. Mr. Ahsan Jamil in his remarks said that the importance of free and fair competition for productivity, exports growth and global competitiveness cannot be overstated. Similarly, good corporate governance is beneficial for businesses as it reduces cost, ensures fair play and protects businesses from undesirable outcomes. PICG is looking forward to working with Commission in promoting good corporate governance and competition law compliance. The MoU will not only allow both parties to exchange information on pertinent issues, but also work together in undertaking advocacy, research, and training initiatives to promote public awareness of the Competition Act and the Listed Companies (Corporate Governance) Regulations, 2019.
The Commission signed an MoU with the Pakistan Institute of Corporate Governance (PICG) on cooperation, collaboration, and capacity development for strengthening corporate governance and competition compliance in Pakistan. The Chairperson Ms. Rahat Kaunain Hassan and PICG Chief Executive Officer Mr. Ahsan Jamil signed the MoU at the Commission’s head office in Islamabad. Chairperson PICG Board of Directors Dr. Shamshad Akhtar, , the Commission’s Members Ms. Shaista Bano, Ms. Bushra Naz Malik, Mr. Mujtaba Ahmad Lodhi, and other senior officers attended the ceremony.
Addressing on the occasion, the Chairperson welcomed the support of PICG in joining hands with the Commission through signing of the MoU. She stated that corporate governance and competition principles are intertwined. There is commonality of objective in that both regulate human behaviour and promote fair play. She further stated that the collaboration aims to promote good governance, ensure corrective behaviour and sustainable compliance through advocacy measures and trainings for the corporate sector. Dr. Shamshad Akhtar, in her remarks, said that the PICG board has envisioned to bring a new dynamism in the PICG with the aim to improve corporate governance in Pakistan. She welcomed the signing of MoU between PICG and Commission, saying that the prevailing conditions in public and private sectors require more of such partnerships.
Mr. Ahsan Jamil in his remarks said that the importance of free and fair competition for productivity, exports growth and global competitiveness cannot be overstated. Similarly, good corporate governance is beneficial for businesses as it reduces cost, ensures fair play and protects businesses from undesirable outcomes. PICG is looking forward to working with Commission in promoting good corporate governance and competition law compliance. The MoU will not only allow both parties to exchange information on pertinent issues, but also work together in undertaking advocacy, research, and training initiatives to promote public awareness of the Competition Act and the Listed Companies (Corporate Governance) Regulations, 2019.
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