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.
PICG was established in 2004; and our founding members include the Securities and Exchange Commission of Pakistan (SECP), State Bank of Pakistan (SBP), the three stock exchanges in Pakistan (now merged into one entity: Pakistan Stock Exchange), banking and insurance associations, apex bodies of the corporate businesses and Non-Bank Financial Institutions (NBFIs) as well as the leading business educational institutions such as Institute of Chartered Accountants Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP).