Mohammad Abdullah Yusuf has been elected as the chairman of the board of Pakistan Institute of Corporate Governance (PICG). Abdullah Yusuf has had a notable and extensive career in the government and has served as Secretary General (Revenue Division) and Chairman, Federal Board of Revenue (FBR). He is also a member of the Council of the Institute of Chartered Accountants of Pakistan (ICAP) and represents ICAP on PICG's board.
In the 27th meeting of the PICG board held here recently, among other matters discussed, the board reviewed and approved PICG's interim financial statements for the half year ended December 31, 2010 and the ongoing technical co-operation agreement with International Finance Corporation (IFC) that provides relevant and current resource on director education and corporate governance practices.
The board also considered and approved the partnering by PICG with self-regulatory bodies for pursuing director education training courses. This initiative paves the way for future alliances with select institutions and universities in Pakistan capable of conducting high quality training related to certification of board directors in corporate governance.-PR