[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-159661-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-159661-en":131},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","corporate-governance-in-public-sector-companies-code-of-corporate-governance-ccg-implications-analysis","Corporate Governance in Public Sector Companies - Code of Corporate Governance (CCG) Implications Analysis","","Corporate Governance in Public Sector Companies examines how Pakistan’s Securities and Exchange Commission (SECP) developed and revised the Code of Corporate Governance (CCG) to address governance shortcomings exposed in government-owned enterprises. It explains the Code’s purpose in strengthening transparency and accountability for public sector entities, and highlights why general company-law provisions were insufficient for misuse and other governance failures. The analysis discusses key Code requirements and their practical implications, including inter-relationships with relevant Pakistani company law provisions, informed by ACCA Pakistan’s stakeholder input.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/corporate-governance-in-public-sector-companies-code-of-corporate-governance-ccg-implications-analysis/159661/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/corporate-governance-in-public-sector-companies-code-of-corporate-governance-ccg-implications-analysis/159661.png","ImageObject",300,407,{"name":42,"@type":43},"Violet","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/octet-stream","2026-10-27","2026-08-29",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",16,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What prompted SECP to develop a Code of Corporate Governance for the public sector in Pakistan?","Question",{"text":63,"@type":64},"Misappropriations in government-owned unlisted corporations revealed major governance issues, and existing provisions in company law or other applicable laws were not sufficient to address such matters.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"Which CCG versions are referenced, and what is their applicability?",{"text":68,"@type":64},"SECP formulated the original Code in 2002 and later issued a revised Code in April 2012. The revised Code applies to all listed companies in both private and public sectors.",{"name":70,"@type":61,"acceptedAnswer":71},"What is the main focus of the public sector Code described in the document?",{"text":72,"@type":64},"The Code aims to bring transparency and accountability to governance in Pakistan’s public sector.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},159661,1788020873,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,106,111,115,120,123,127],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":93,"show_sort_weight":94,"slug":95},"Exam",70,"exam",{"id":97,"doc_module":4,"doc_module_name":25,"category_name":98,"show_sort_weight":99,"slug":100},5,"Comic",60,"comic",{"id":102,"doc_module":4,"doc_module_name":25,"category_name":103,"show_sort_weight":104,"slug":105},6,"Technology",50,"technology",{"id":107,"doc_module":4,"doc_module_name":25,"category_name":108,"show_sort_weight":109,"slug":110},7,"Healthcare",40,"healthcare",{"id":112,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":113,"slug":114},8,30,"research-report",{"id":116,"doc_module":4,"doc_module_name":25,"category_name":117,"show_sort_weight":118,"slug":119},9,"Religion & Spirituality",20,"religion-spirituality",{"id":118,"doc_module":4,"doc_module_name":25,"category_name":121,"show_sort_weight":118,"slug":122},"World Cup","world-cup",{"id":124,"doc_module":4,"doc_module_name":25,"category_name":125,"show_sort_weight":124,"slug":126},10,"Lifestyle","lifestyle",{"id":128,"doc_module":4,"doc_module_name":25,"category_name":129,"show_sort_weight":97,"slug":130},19,"General","general",{"code":4,"msg":82,"data":132},{"doc_id":79,"user_id":133,"nickname":42,"user_avatar":134,"doc_module":4,"category_id":112,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":140,"language":141,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":12,"update_tm":80,"read_time":145,"preview_page_count":4},4398048950312,"https://ap-avatar.wpscdn.com/avatar/400002538284de19e3c?_k=1778320343897328908","Corporate Governance in Public Sector Companies\nPrepared by: Noman Hameed\nIntroduction:\nThe importance of good Corporate Governance has been recognized and is on the agenda of law makers in Pakistan over the last decade. The Securities and Exchange Commission of Pakistan (SECP) formulated the Code of Corporate Governance (CCG) in 2002 which was based on OECD’s principles of corporate governance and requirements of the local environment. In April 2012 SECP issued a revised Code which is applicable to all listed companies, in both the private and public sectors.\nDuring recent times there were several misappropriations highlighted in Government owned unlisted corporations including National Logistics Corporation, Pakistan Steels, Distribution and Generation Companies of Wapda as well as other Public Sector Enterprises. The scrutiny of these issues highlighted that there were some major Governance issues in the Public Sector and the provisions available in company law or any other law in force for the time being were not enough to cope with these kinds of matters. Securities and exchange commission therefore realized that they need to develop some Corporate Governance regulations specifically for the Public Sector. SECP along with help of other Professional Bodies has developed a Code of Corporate Governance for Public Sector Companies. The main focus of the Code is to bring transparency and accountability in the governance of the Public sector in Pakistan.\nACCA Pakistan was a key stakeholder during the process of drafting a Code for Public Sector through its recommendations in order to bring the Public Sector of Pakistan in line with the global environment. ACCA has played a key role in the thought leadership on governance conducting several debates over the emerging best practices in corporate governance in Pakistan. In keeping with this commitment the Subcommittee for the Public Sector (of the Members Network Panel of ACCA Pakistan) has prepared an analysis on the “Implications of Code of Corporate Governance for Public Sector Companies (2013) issued by the Securities and Exchange Commission of Pakistan”. It attempts to discuss the major requirements of the Code with an emphasis on the practical implications of these requirements. Where applicable, inter-relationship of the requirements with other company law provisions (as applicable in Pakistan) has also been highlighted.\nI would like to thank Ms. Gillian Fawcett, Head of Public Sector, ACCA for her valuable feedback on this topic. I would also like to appreciate Ms. Nida Naeem, Chairman Public Sector committee, Pakistan for her continuous effort and support.\nThe Detailed analysis is given as under:\nAbbreviations Used:\nCCG: Code of corporate governance\nPSC: Public sector company\nPSE: Public sector entity.\nSRO: Statutory Regulatory Order.","cbCaijppVckg9aw7","https://ap.wps.com/l/cbCaijppVckg9aw7","doc",61440,11,"English","# Introduction\n## Background: SECP CCG development and revision\n## Governance gaps in public sector entities\n## Purpose and stakeholder input (ACCA Pakistan)\n## Scope of the analysis\n# Abbreviations Used","[{\"question\":\"What prompted SECP to develop a Code of Corporate Governance for the public sector in Pakistan?\",\"answer\":\"Misappropriations in government-owned unlisted corporations revealed major governance issues, and existing provisions in company law or other applicable laws were not sufficient to address such matters.\"},{\"question\":\"Which CCG versions are referenced, and what is their applicability?\",\"answer\":\"SECP formulated the original Code in 2002 and later issued a revised Code in April 2012. The revised Code applies to all listed companies in both private and public sectors.\"},{\"question\":\"What is the main focus of the public sector Code described in the document?\",\"answer\":\"The Code aims to bring transparency and accountability to governance in Pakistan’s public sector.\"}]","Corporate Governance in Public Sector Companies - Code of Corporate Governance (CCG) Implications Analysis | DOC",28]