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Governance models in respect of public sector companies adopted by Singapore, Malaysia and China: Salim Raza - Press Note issued by Institute of Chartered Accountants of Pakistan

January 24, 2014

Following is the text of press note issued by Institute of Chartered Accountants of Pakistan (ICAP) Quote Seminar on ”Rules of Corporate Governance for the Public Sector Companies“ hosted by the Southern Regional Committee (SRC) of Institute of Chartered Accountants of Pakistan (ICAP) in collaboration with Securities and Exchange Commission of Pakistan (SECP) and World Bank here in Karachi recently. Mr. Adnan Rizvi , CPD Convener SRC, opened the session by recitation from the Holy Quran and gave a brief background in respect of the seminar topic. The key note speaker was Syed Asad Ali Shah , Past President ICAP and Partner, M. Yousuf Adil Saleem and Co. Chartered Accountants, a Member Firm of Deloitte Touche Tohmatsu Limited . He gave a detailed presentation on the seminar topic covering its background as well as the specifics along with sharing his expert views on the practical implementation of various Rules. The presentation was very well received by the participants as it contained comprehensive material on the seminar topic. A panel discussion followed the key note speech wherein Mr. Fuad Azim Hashimi , President and CEO, Pakistan Institute of Corporate Governance , Mr. Nazir A. Shaheen , Executive Director, Corporatization and Compliance Department , SECP, Mr. Kamran Mirza , CEO, Pakistan Business Council and Ms. Sarwat Aftab , Senior Private Sector Development Specialist, World Bank participated as panelists while Mr. Moin Fudda, Country Director, Center for International Private Enterprise was the moderator. The key note speaker Syed Asad Ali Shah also joined the panel. Mr. Moin Fudda conducted the panel discussion in his inimitable style whereby he not only asked the most relevant questions from all the panelists but also shared some interesting and relevant personal experiences which provided an opportunity to the participants to enjoy some lighter moments in an otherwise serious discourse. The elite panel ended up having most useful discussion thereby providing excellent knowledge to the participants on different facets of the seminar topic. The panel discussion was followed by a lively Q and A session. The session chairman Syed Salim Raza , former Governor State Bank of Pakistan , concluded the session by highlighting various aspects of the seminar topic that came under discussion. He also shared views on certain aspects of the governance models in respect of Public Sector Companies which have been successfully adopted by countries like Singapore, Malaysia and China . For more information, contact: Muhammad Rafiq Media Coordinator Institute of Chartered Accountants of Pakistan (ICAP) Chartered Accountants Avenue , Clifton Karachi -75600, Pakistan Phone: +9221 111-000-422 Fax: +9221 99251626 Cell: 0300 2128185 Unquote

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Source: Pakistan Official News

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