The Directors Summit 2024 – Event
Pakistan Institute of Corporate Governance (PICG) presents the biggest corporate governance event, “The Directors Summit 2024”, bringing critical discussions to the fore by prominent local and international corporate governance thought leaders.
- Date: September 12th, 2024
- Venue: Movenpick Hotel, Karachi.
- Mr. Zafar Masud’s Speech: 10:00 – 10:10 – Leadership Insights: Corporate Governance in SOEs
Please visit the summit website for more details.
Update: Ticket Sales Are Now Closed
See also: Mr. Zafar Masud in PICG ESG Leadership Program — A Dynamic 1-Day Training Session
About The Directors’ Summit 2024
A Landmark Event for Pakistan’s Business Community
The Pakistan Institute of Corporate Governance (PICG) proudly presents the inaugural Directors’ Summit, a groundbreaking event designed to foster engagement and learning for Pakistan’s corporate governance community. The summit is scheduled to take place in September 2024, marking a significant milestone for the institute and the wider business landscape.
The Directors’ Summit is poised to be a landmark event for Pakistan’s corporate governance community. By providing a platform for learning, networking, and driving positive change, the summit will contribute to a more transparent, accountable, and sustainable business environment. As Pakistan continues to develop and evolve, the principles of good corporate governance will play an increasingly vital role in shaping its economic future.
The summit will provide an unparalleled platform for attendees to connect with over 300 leaders from various sectors, including corporate executives, board directors, regulators, capital market players, industry experts, and thought leaders. This networking fosters valuable relationships, facilitates knowledge exchange, and creates opportunities for collaboration.
The summit will feature a lineup of distinguished international and local speakers who will share their insights through insightful keynotes, engaging panel discussions, and practical masterclasses. Attendees will have the opportunity to learn from experts in their field, gain valuable perspectives on the latest trends and best practices in corporate governance, and stay ahead of the curve.
The Directors’ Summit also offers a unique and enriching experience for experienced and aspiring board directors. Participants will gain valuable knowledge, expand their professional networks, and contribute to a thriving corporate governance ecosystem in Pakistan.
The Directors’ Summit is expected to play a crucial role in raising awareness of the importance of corporate governance in Pakistan. By bringing together key stakeholders, the event will foster dialogue, promote best practices, and contribute to a more transparent, accountable, and sustainable business environment.
The Directors Summit 2024 Agenda
Keynote Addresses
Renowned experts will deliver thought-provoking keynote speeches on a variety of corporate governance topics, such as board effectiveness, risk management, ethical leadership, sustainability, and the impact of emerging technologies on corporate governance.
Topic 1: The Corporate Governance Imperative: Key Lever for Pakistan’s Prosperity
Dr. Shamshad Akhtar-Chairperson PICG & PSX
Strong corporate governance is crucial for Pakistan’s economic prosperity. When companies operate transparently and responsibly, it fosters trust and attracts investment, ultimately driving growth. This keynote will highlight facets and issues of corporate governance critical for Pakistan.
Topic 2: Emerging Global Trends in Corporate Governance
Dr. Christine Chow-Vice Chairperson ICGN
As we navigate an increasingly complex and interconnected global business environment, the principles and practices of corporate governance are evolving at a rapid pace. This keynote will highlight key trends that are shaping the future of corporate governance and their implications for businesses, investors, and regulators worldwide.
Leadership Insights: Corporate Governance in SOEs
Mr. Zafar Masud Chairperson OGDCL, President & CEO, Bank of Punjab
Mr. Zafar Masud will be sharing his valuable insights on corporate governance in State-Owned Enterprises (SOEs)
Expert Panel Insights and Discussions
Engaging panel discussions will feature discussions on critical issues such as the role of independent directors, corporate social responsibility, the challenges and opportunities of diversity and inclusion in the boardroom, and the impact of climate change on corporate governance.
Plenary 1: State-Owned Enterprises Reforms
How reformative is the new SOE Policy 2023 Towards SOEs performance enhancement? Which practical challenges remain to be addressed?
Plenary 2: Directors’ Duties and Liabilities
In an ever-evolving corporate landscape, the roles & responsibilities of corporate directors have become increasingly complex and scrutinized. Hear experts discuss globally expected director duties & multifaceted nature of board directors’ duties and liabilities.
Plenary 3: Sustainability Integration
A balanced financial, social, and environmental strategy is now considered a prerequisite to business sustainability. Where do investors, regulators, and corporates stand on this rising governance imperative?
Masterclasses
Practical masterclasses will provide attendees with hands-on training and guidance on specific corporate governance topics, such as financial reporting, board evaluation, succession planning, and the use of technology to enhance board effectiveness.
Masterclass 1: Cyber Security
Topic: As digitalization adoption scales rapidly across business sectors and functions, it raises critical legal and social risks. Learn what boards must do for effective governance over cyber risks.
Masterclass 2: Climate Governance
Topic: Effective board strategies towards climate governance. Gain insights into innovative approaches and frameworks for managing climate risks and promoting sustainable development. Understand the roles of international organizations, governments, and civil society in driving climate action and accountability.
Spotlight: Financial Inclusion
Topic: An insightful session that delves into the significance of corporate governance and financial inclusion in startups. Discover the learnings and new opportunities in this domain.
Full Agenda PDF File
The summit will offer ample opportunities for networking, including coffee breaks, lunch, and social events. Attendees will have the chance to connect with peers, exchange ideas, and build lasting relationships.
Director Training Program Overview
The Pakistan Institute of Corporate Governance (PICG) offers a comprehensive Director Training Program (DTP) designed to equip board members, executives, and senior managers with the knowledge and skills necessary to navigate the evolving corporate governance landscape in Pakistan.
The program is aligned with the Code of Corporate Governance (2019), which has introduced significant changes to corporate governance practices, including greater emphasis on board composition and the separation of the Chairman and Chief Executive Officer roles.
The Director Training Program offered by PICG is a valuable investment for individuals and organizations seeking to enhance their understanding of corporate governance and improve their governance practices.
By providing comprehensive training, experienced faculty, and flexible delivery options, the DTP empowers directors and executives to lead their organizations effectively in today’s complex business environment.
The program’s focus on practical skills, real-world insights, and certification makes it a valuable asset for anyone looking to advance their career in corporate governance.
Key Features of the DTP
- Comprehensive Curriculum: The DTP covers a wide range of topics relevant to corporate governance, including board composition, roles and responsibilities, risk management, ethical leadership, strategic planning, corporate social responsibility, and sustainability. The program delves into the latest trends and best practices in corporate governance, ensuring that participants are equipped with the most up-to-date knowledge.
- Experienced Faculty: The program is delivered by a team of experienced faculty members who have undergone training from the International Finance Corporation (IFC). These faculty members bring a wealth of practical experience and academic expertise to the program, ensuring that participants benefit from both theoretical knowledge and real-world insights.
- Flexible Delivery Options: PICG offers two sections of the DTP:
- DTP (Corporate Governance Leadership Skills): A general program open to all eligible individuals.
- Company Exclusive Director Training Program: A customized in-house program tailored to the specific needs of individual companies. This option provides a more focused and tailored learning experience, allowing organizations to address their unique governance challenges and priorities.
- Certification and Recognition: Successful completion of the DTP leads to certification as an independent director. Certified directors can be added to the independent director database maintained by PICG and approved by the Securities and Exchange Commission of Pakistan (SECP). This certification enhances the credibility and reputation of directors and can open up new opportunities for career advancement.
- E-Learning Services: The program incorporates e-learning services to facilitate online learning and enhance accessibility. This allows participants to learn at their own pace and from any location, making the DTP more convenient and flexible.
- Speedy Certification: PICG offers a flexible and efficient certification process to meet the needs of busy professionals. The institute strives to provide timely feedback and certification, ensuring that participants can benefit from their investment in the program as quickly as possible.
Benefits of Attending the DTP
- Enhanced Board Effectiveness: The DTP helps board members develop the skills and knowledge necessary to effectively govern their organizations and make informed decisions. By equipping directors with a strong understanding of corporate governance principles, the program contributes to more effective and engaged boards.
- Improved Corporate Governance: By equipping directors with the latest corporate governance practices, the DTP contributes to stronger corporate governance frameworks and improved corporate performance. This can lead to increased investor confidence, enhanced reputation, and better financial results.
- Career Advancement: Certification as an independent director can enhance career prospects and open up new opportunities. Certified directors are often sought after for their expertise and can command higher salaries and more prestigious positions.
- Compliance with Regulatory Requirements: The DTP aligns with the Code of Corporate Governance and helps organizations meet regulatory requirements. By ensuring that directors are equipped with the necessary knowledge and skills, the program helps organizations avoid regulatory penalties and maintain compliance.
Who Should Attend?
The DTP is suitable for a wide range of individuals, including:
- Board members
- Executive directors
- Presidents
- Senior functional managers
- CEOs
- Corporate governance executives
Pakistan Institute of Corporate Governance (PICG)
A Brief History
The Pakistan Institute of Corporate Governance (PICG) was established in 2004 as a public-private partnership, aiming to foster a culture of good governance in Pakistan. The institute’s inception was a significant step towards aligning Pakistan’s corporate practices with international standards, particularly those outlined by the Organization for Economic Cooperation and Development (OECD).
Key Initiatives and Achievements
- Director Training Program (DTP): PICG’s flagship program, the DTP, has been instrumental in equipping directors with the knowledge and skills necessary to effectively govern their organizations. The program aligns with the SECP’s 40-hour training requirement for directors.
- Directors Orientation Workshop: As a subsidiary of the DTP, this workshop provides a foundational understanding of corporate governance principles for aspiring directors.
- Membership Growth and Impact: Over the years, PICG has garnered significant membership, with over 150 corporates and individuals, and has certified over 1,400 directors. This growth reflects the institute’s increasing influence in the business community.
- Lifelong Learning and Continuing Professional Education: PICG’s commitment to providing ongoing learning opportunities has enabled it to engage a wide range of stakeholders, from board members and C-suite executives to the broader business and finance community.
The Impact of PICG’s Initiatives
PICG’s initiatives have had a profound impact on the Pakistani corporate landscape. By providing comprehensive training programs and fostering a culture of good governance, the institute has helped to:
- Enhance Corporate Transparency: PICG’s training programs equip directors with the tools to improve transparency and accountability within their organizations. This helps to build trust among investors, stakeholders, and the general public.
- Promote Ethical Business Practices: PICG emphasizes the importance of ethical conduct in corporate governance. By promoting ethical practices, the institute contributes to a more responsible and sustainable business environment.
- Strengthen Corporate Governance Frameworks: PICG’s efforts have helped to strengthen corporate governance frameworks in Pakistan, aligning the country with international best practices. This can attract foreign investment and improve the overall competitiveness of Pakistani businesses.
- Cultivate a Culture of Accountability: PICG’s initiatives foster a culture of accountability among directors and executives, ensuring that they are held responsible for their actions and decisions. This helps to prevent corporate misconduct and protect the interests of shareholders.
Additional Contributions
Beyond its core programs, PICG has also made significant contributions to the corporate governance landscape in Pakistan through:
- Research and Publications: The institute conducts research on various corporate governance topics and publishes its findings to inform policymakers, practitioners, and the general public.
- Advocacy and Policy Engagement: PICG actively engages with policymakers and regulatory bodies to promote sound corporate governance practices and advocate for reforms.
- International Collaboration: The institute collaborates with international organizations and institutions to exchange knowledge and best practices in corporate governance.
- Capacity Building: PICG provides capacity-building programs for regulators, policymakers, and corporate professionals to enhance their understanding of corporate governance principles.
Final Thoughts
The Pakistan Institute of Corporate Governance has emerged as a leading force in promoting good governance practices in Pakistan. Through its training programs, membership initiatives, research, advocacy, and international collaboration, PICG has played a vital role in shaping a corporate landscape that is more transparent, accountable, and ethical. As the institute continues to evolve, it remains dedicated to serving as a catalyst for positive change and ensuring the sustainable growth of Pakistan’s business ecosystem.
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