Essential elements of good Corporate Governance are:
- open and transparent communication
- absolute respect for the interests of shareholders
- efficient cooperation of the Board of Management and Supervisory Board Corporate Governance.
The Corporate Governance Code issued by the Securities and Exchange Commission of Pakistan in 2012, summarizes the main statutory regulations for the management and supervision of local listed companies.
Recently, a dedicated Code of Corporate Governance for Insurers, 2016 has been introduced which, in addition to the requirements of the Code of Corporate Governance, 2012, requires all life and non-life insurance companies to follow the requirements mentioned therein.