Pakistan Institute of Corporate Governance (PICG) has developed its Board Development Series (BDS), an internationally accredited Directors' Education Programme, as a modular series of interactive workshops.
An announcement here on Friday said that this programme aims to help directors enhance their professional competence in a number of areas such as; their functions and obligations; what constitutes good corporate governance; the value of accountability through a rigorous audit process; and the leadership responsibilities to ensure investors' interests are paramount in decision-making.
It said that in recognition of programme's significance and relevance, Securities and Exchange Commission of Pakistan (SECP) directed and accordingly, Karachi Stock Exchange (KSE) made an amendment in the Listing Regulations whereby.
It will be mandatory for all the directors of the listed companies to have certification under "The Board Development Series" programme offered by the Pakistan Institute of Corporate Governance (PICG). Provided that at least one director shall be required to have such certification up to June 30, 2011 and thereafter, every following year minimum one director on the Board shall acquire the said certification under this programme."-PR