Overview

Boards have an overall responsibility to approve and oversee the implementation of the company's strategic objectives and, therefore, need to act on a fully informed basis in the best interest of the organization and its stakeholders. In recent years, with the increased complexity, uncertainty, opportunity and risk in business environments globally, the corporate world has seen an increase in the number of examples of board oversight failures resulting in increased pressure from stakeholders for companies to better explain and achieve current and long-term corporate performance.

Investors, regulators and other stakeholders are seeking greater board effectiveness and accountability and are increasingly interested in board evaluation processes and results. In Pakistan, the Securities and Exchange Commission of Pakistan & the State Bank of Pakistan have issued a number of directives and regulations around the process of board evaluations in the form of the various Codes of Corporate Governance and guidelines. Therefore, it is important for companies to understand the benefits, types, process and key elements of best practices in this regard and this workshop aims to cater to just that.