Pakistan Institute of Corporate Governance was established as a public-private partnership following a memorandum of understanding (MOU) signed between two apex regulators, the Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP), and 18 private sector institutions. PICG was set up on December 01, 2004, the same year the Organization for Economic Cooperation and Development (OECD) released a revised version of its first set of corporate governance principles developed in 1999 to help OECD and non-OECD governments in their efforts to create legal and regulatory frameworks to promote corporate governance in their countries.
PICG embarked on its journey to inculcate the six OECD principles of effective corporate governance in the corporate ecosystem in Pakistan. Our flagship program, the Director Training Program (DTP), commenced with IFC’s technical support in February 2007, and was a huge leap forward in inculcating a culture of good governance in Pakistan. The program completes the 40 hour training requirement outlined by the SECP. The Directors Orientation Workshop is a subsidiary program of the DTP.
In December 2021, PICG completed 17 years as the premier corporate governance institute in Pakistan. In the decade and a half, PICG has established its presence in the country as the Institute which has gone from strength to strength. With current membership of over 150 corporates and individuals, and over 1,400 certified directors, PICG has achieved significant outcomes for our members and the wider business community in Pakistan by assisting with the development of an ecosystem of organizations that are committed to good governance. Our endeavor is to engage the Board and the C-suite as well as the business and finance community at large, through a continuous strategy to provide lifelong learning, and more specifically continuing professional education.
Enable good governance that creates shared prosperity, an ethical society and an inclusive, sustainable economy.
To create awareness of the benefit of good governance to business and society thereby catalysing best practices for long-term sustainability.
- To broaden the scope of corporate governance to include ESG practices and to foster awareness of its benefits to business and society
- To partner with business, civil society, public sector and other stakeholders, enabling greater compliance through the sharing of data, research; and the organising of trainings, seminars and conferences.
- Establish ESG standards for disclosure and build capacity for reporting through high quality training.
- To enhance the global competitiveness of domestic corporations through capacity building for the consistent practice of good, ethical, governance.
- Establish an ESG index in Pakistan to reposition corporate best practice to align with sustainability priorities and help attract global capital to favour local ESG progressive businesses.
More than 16 Years
Our Services and Products
Director Training Program – DTP
The Code of Corporate Governance (2019) has brought significant changes to corporate governance practices in Pakistan.
At PICG we stand ready to work with boards and C-suites to provide advisory services customized for a constantly evolving regulatory and governance landscape.