Conference on ‘Corporate Governance and Enterprise Competitiveness’

Pakistan Institute of Corporate Governance (PICG) in collaboration with IoBM is organizing conference on “Corporate Governance and Enterprise Competitiveness” on November 10th, 2010
Corporate Governance

Corporate Governance deals with the complete set of relationships between a corporation, its board of directors, management, shareholders and other stakeholders. In recent years, regulators and legislators have intensified their focus on how businesses are being run. They are endeavoring to create a balance for disclosure measures, which is beneficial for all stakeholders including the board of directors.

In order to enhance the footprint of corporate governance, a firm should adopt the following measures.

  • Adopt an appropriate mechanism for effective governance.
  • Value shareholders and stakeholder rights and responsibilities.
  • Adhere and implement sound principles of direction and management
  • Understand the significance of setting up various committees and their composition and responsibilities
  • Implement the best practices in corporate management

Discussion will focus around:

  • Effective Board Composition/Independent Directors
  • Board Committees/Governance of Human Assets
  • Strategic Governance & Managerial Oversight
  • Disclosure-Transparency and Shareholder Rights

Strategy & Competitiveness

Competitiveness is a multidimensional concept encompassing three different levels of country, industry, and firm. This conference will address firm level strategy & competitiveness. Competitiveness at this level is productivity growth that is reflected in either lower costs or differentiated products that command premium prices’-Porter
Firm level competitiveness is of great interest among practitioners both corporate and academic. “Nations can compete only if their firms can compete!” argues Christensen of Harvard Business School.

Research shows that 36% of variance in profitability could be attributed to the firms’ strategic characteristics and actions.

Interactions with industry professionals through workshops and questionnaire surveys hint that a key reason of low usage of competitiveness theories may be weak understanding of these framework and models. Little is known about the usage and applicability framework and models in developing countries such as Pakistan and India’ Chaudhri (2001). Weakness in understanding competitiveness, specifically competitiveness processes from awareness to its integration with strategy may be a root cause of low competitiveness of firm in Pakistan.

Discussion will focus around:

  • Managing Industry Dynamics for Competitive Advantages
  • Innovating Value Chain Processes for Competitive Advantage
  • Generating and Making Strategic Choices
  • Aligning Structure, Resources and Culture with Strategy

Further Information: