Corporate Governance in Pakistan
Here you may find information about corporate governance in Pakistan. Our dedicated team of professional legal experts best assists their clients as to corporate governance in Pakistan. Corporate governance is an increasingly important area of focus for stakeholders in all organizations and particularly those listed on publicly traded exchanges. Directors and other officeholders face ever greater challenges in addressing risk management, ethics, policies, procedures and internal controls. ZA-LLP offers specialized services to help clients improve corporate governance and internal control systems in line with international standards, and to comply with applicable laws and regulations. Our highly experienced professionals bring detailed knowledge to client projects, performing compliance assessments, recommending systems and process improvements and full support for any regulatory compliance reviews.
Due to the ever changing societal norms, increasingly complex business environment and the recent corporate collapse of companies around the globe, Corporate Governance has emerged as an imperative issue at the forefront of organisational concerns. This has lead to a mounting emphasis on Board accountability, performance scrutiny and, compliance and conformance.
We have a global capability and expert level experience in assessing and reviewing Corporate Governance structures, assisting with developing appropriate frameworks and devising solutions that meet regulatory requirements and fit corporate and cultural paradigms. With network of offices across the country, we assist clients on the ground in any jurisdiction(s) required. Our professionals are highly adept at analyzing the most sophisticated breakdowns of corporate governance frameworks, both at entity level as well as at transactional level.
Scope of Practice
Corporate Governance is a set of principles, systems, processes and policies set in place to protect and manage organisational resources. Boards accept, adopt and support governance policies and processes to ensure that organisational goals are met. The policies and processes act as a performance meter to measure the Boards performance and identify areas where the Board is responsible and accountable for their actions / decisions. Corporate Governance also incorporates ‘best practise’ principles which are compliant and conformant with current industry standards.
The role of the Board of Directors (the Board) is to define, delegate and monitor expectations placed on the organisation and the Chief Executive Officer (CEO) in relation to Strategic Planning; Policy Development; and Compliance, Risk Management and Audit. In addition, the Board's key function is to purposefully allocate organisational resources in the best interests of all stakeholders and in line with organisations goals.
Consultants at ZA-LLP have several years of experience and expertise in governance and management. These attributes have been gained through working on CEO / Executive level performance evaluation, Strategic Business planning and Board / Executive mediation and dispute resolution, to name a few.
Domains Associated With Corporate Governance
The firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives.
Whether your business is small or large, we facilitate your company's continuing growth and expansion.
We recognize the anxiety when your tax verdict is unknown, you realise when you unnecessarily paid too much.
Our aim is to add value to our clients' businesses by assisting them to achieve their commercial objectives.
Our clients include companies of all sizes in many industries that finance their operations and growth.
We focus on helping clients maintain their competitive positions, by advising them at every step in contracting process.
Our range of services will safely implement a variety of corporate law transactions in a cost-effective manner.
From retrieval of information inclusive of directors standing to hidden assets of judgment debtors.
There are a number of E-commerce laws and guidelines to follow when operating in the E-commerce world.
We've gained expertise in helping companies use franchising as a means of exploiting market opportunities.
Insolvency is the condition of a person who is insolvent; inability to pay or lack of means to pay one's debts.
The investors who want to make study for unforeseen problems may contact us on any project of their choice.
A Joint Venture is a legal organization that takes the form of a short term partnership for mutual profit.
Our Litigation Department recognises that business litigation has become increasingly more complex and expensive.
Merger is a tool used by companies for the purpose of expanding their operations for an increase in their profitability.
An Offshore Company does not conduct most of its business in the country where it is officially based.
The importance of Corporate Governance advice to clients has increased dramatically in recent years. We provide sophisticated and timely advice regarding many issues that arise as a result of recent changes in securities and accounting rules and other regulations.
With experienced lawyers from our Transactional, Securities, Enforcement and Litigation Practices, combined with our Government Enforcement, Compliance and White Collar Defense attorneys, we offer a fully integrated approach to serving our clients' corporate governance needs. We counsel, advise, and represent corporate directors and officers of public companies on all corporate governance issues. We are committed to educating our clients with continual updates on developments from SECP regulations and other standards governing public company conduct.
Our Transactional & Securities Practice attorneys frequently advise corporations, boards of directors, board committees, corporate officers, shareholders, and other parties regarding:
Board and committee best practices, composition, and procedures
We work with clients to develop and implement best practices for boards of directors as well as nominating and governance, audit, compensation, and other board committees. Our attorneys keep our clients advised of evolving best practices and monitor corporate governance proposals from the Board of Investment, the SECP, stock exchanges, and independent policy groups.
Board oversight and self-evaluation systems
Attorneys at ZA-LLP provide advice relating to a board's oversight function, including design and implementation of self-evaluation systems tailored to each client's existing organizational structure and cultural needs.
Board committee charters, guidelines, and codes of conduct
We advise clients regarding the development of nominating and governance, audit, compensation, and other board committee charters. In addition, ZA-LLP has extensive experience in reviewing, developing, and implementing national and worldwide ethics and compliance programmes to prevent and detect violations of law and to help ensure our clients' employees conduct business ethically and in compliance with applicable legal and regulatory requirements. As part of this service, attorneys at ZA-LLP work closely with clients to develop or refine codes of conduct and aid in code and policy distribution and employee training.
Director and officer fiduciary duties and responsibilities
Attorneys at ZA-LLP advise board members regarding directors' duties and responsibilities in change of control transactions, executive succession, financial reporting irregularities, internal investigations, and auditor independence. Co-operation among attorneys in our Transactional, Securities, Government Enforcement, Compliance and White Collar Defense Practices provides clients with comprehensive legal advice on director and officer fiduciary duties and shareholder rights in any situation.
Executive compensation and succession
ZA-LLP assembles interdisciplinary teams of attorneys with experience in tax law, corporate law, accounting, SECP regulatory requirements, and relevant domestic law to efficiently deliver comprehensive advice regarding executive compensation and succession issues.
Financial reporting and internal investigations
Our attorneys prepare and review internal corporate policies governing disclosure controls and procedures, internal and external corporate communications, securities trading, and document retention. We have counseled clients regarding the conduct of sensitive accounting, ethics, governance, and other internal investigations, including representation of audit committees in connection with investigations of accounting irregularities, alleged fraud, and other regulatory issues.
Preparation of proxy statements for annual and special meetings
We advise clients on the preparation of proxy statements for annual meetings and special meetings, including those held to consider business combinations. In this regard, our attorneys provide guidance to boards of directors on their obligations under SECP regulations and stock exchange rules.
Our Core Competencies
Collaborative lawyers trust the wisdom of the group; lone wolves and isolationists do not do any good anymore.
Distant, detached lawyers are relics of the 20th century, the market no longer wants a lawyer who is only half a person.
If you can not effectively and efficiently use e-communications, and mobile tech, you might as well just stay home.
Virtually a substantial part of lawyers difficulties in this regard lie with their inability to prioritise their time.
What People Say About Us
Thank you for your support in this process and for your great hospitality. Your assistance has been of great importance. It was also important to see and experience the high quality of your services and your well known firm.Magnus Greko ~ Sweden
Thank you for your support in this process. Your assistance has been invaluable. We are looking forward to a long lasting working relationship with you. Also, thank you for hospitality during these past days.Lothar Geilen ~ Germany
Dear Atty. Iram Fatima: I would like to let you know that my wife came in USA last week. The U.S. Embassy Islamabad approved her visa petition in the lights of all the wonderful endeavors done by you and Mr. Birach. It was a long legal battle of about 7 years. I must say that your law firm is one of the best in the country and you are a highly professional advocate. Dr. Zafar should feel proud to have you in his crew. Finally, again I would say Thanks for all your legal services and I am your best reference.Zubair Mufti ~ Texas, USA
Dear Dr Zafar and Iram: Thank you very much for timely submission of the excellent opinion letter. It is very well drafted and covers the key points. We very much appreciate your excellent and timely work in preparing the legal opinion.Mrs. Iqbal Farrukh ~ San Francisco, USA
Dear Attorney Iram Fatima: Thanks so much for all of your kind efforts in this area and I must admit that your legal firm is the best in the country.Zubair Mufti ~ Texas, USA
The efficiency and effectiveness of your services are much appreciated.James Alexander Linton Williams ~ UK
Many thanks for this, and thank you for being so prompt. It is very appreciated.Alex Gilchrist ~ Somerset, UK
Thank you again for handling my case so well, I am honoured to be represented by you.Yolanda Slabbert ~ Port Elizabeth, South Africa
Thank you very much for your great attention to my case, I see that you're a very serious company and I'm happy that I've choose you.Sergio Lujan ~ Bogota, Colombia
I really appreciate the help and support provided by Zafar and Associates to our company. I don’t know what to say or how to thank you, but to tell the truth your services are really the best legal services we have ever received. You are truly a professional and effective law firm.Adnan Branbo ~ Dubai, UAE
Thank you very much for your contribution. We will review the information and incorporate it into the International Citation Manual of Washington University Global Studies Law Review. Your help is appreciated.Naomi Levin ~ Washington, USA
I wanted to let you know that i got the documents. And i wanted to thank you and the whole team who worked on my case. You all did a good job thanks again.Naima Ashraf ~ The Hague, Holland
Thank you very much for all the work you have done to ensure that the Death in Service benefit reaches the parents of the deceased. Are they expecting this money and do they understand where it is coming from? We appreciate your assistance and excellent work.Susan Bauer ~ London, UK
I have no words to express my gratitude to you. People like you are very rare and I have the priviledge to know one of those. May God shower all blessings on to you and your family. I am a small man with only prayers on my lips.Dr. Haridev Bhargava ~ Saratoga, USA
I must say your handling of this matter has been totally sterling and I shall not have any hesitation in recommending you and your firm to others.Rosina Ahmad ~ UK
Good morning, I received the documents back yesterday afternoon. Thank you so much for your quick response to the job. We really appreciate it. Looking forward to working with you in the further.Mrs. Jan Malcolm ~ Auckland, New Zealand
Thank you very much for the case. It is just brilliant! I am so grateful that you went out of your way to help me.”Loraine Bhan ~ Suva, Fiji
I do appreciate highly the sense of commitment your office wishes to dedicate to the follow up of our question for information. I have transmitted the contents of your email IMMEDIATELY to the contact, together with confirmation of the highest esteem we attribute to the quality of the services rendered by ZAFAR & ASSOCIATES.Paul Wouters ~ Istanbul, Turkey
Thank you very much for the information and good news. I know you’ve been working too hard and I appreciate every single minute working with you all. It’s an experience to be in the team of hardworking people and I am very proud to be included.Evangeline Williams ~ Paphos, Cyprus
I would like to thank you for your swift and excellent service that your office recently provided us. I would definitely forward your contact information to my friends and family in reference to seeking legal matters in Pakistan. I would also inform Sean Hogan and his associates to pass on your contact information to any clients that may need assistance in the matters of law in Pakistan.Zarar Khan ~ Miami, USA
We are greatly impressed with your firm and the professional calibre of the partners. If acceptable, we would like to keep your firm as a reference for future projects. Please let me know.Tanaz Pardiwala ~ Barcelona, Spain
We are happy to inform you that we have received the original succession certificate via DHL. I want to take this opportunity to thank you for your efforts, especially Dr. Zafar, who was kind enough to handle the security deposit at the court. With our best wishes and success for the New Year, to you and your esteemed team, we remain with.Mansur Asrar ~ Istanbul, Turkey
I am writing to convey to you how much I appreciate your prompt service! My mother called me today and informed me that 2 lawyers from your firm visited her. It is a pleasant surprise to know that such a law firm exists in our very own country. I would definitely recommend your firm to any friend who is in need of professional legal services in Pakistan.Naveed Ahmad ~ USA
I am truly very impressed with the follow up of your law firm. I never thought a Pakistani firm would be so aggressive and pro-active. Do you even happen to come to NYC? If so, then please look me up here when you visit next.Faisal Mumtaz ~ New York, USA
I want to thank you for all services you have rendered to us. I really appreciate it and hope on further cooperation.Petrov Andrey ~ Moscow, Russia
With God's help you have done a great thing for our family. Thank you so much for your diligence and expertise. We are truly grateful to God for all that is possible now. We also are looking forward to meeting you and your staff when we arrive in Pakistan next month. Please let us know if there is anything we can bring for you from the United States as a gift.Shaukat Minhas and Colleen Davidson ~ Dallas, USA
Your help in investigation case is well appreciated. My brother and I are ever grateful to you for obtaining the document. Thank you and god bless you and your practice team.Kevin Lessani - Dallas - USA
I greatly appreciate that your law firm is very careful in its preparation of petitions. In fact, the outcome of a legal fight greatly depends on how effectively a law firm has presented its case. If it fails to conceive in advance as to what it will have to face in defense, it can not prepare an effective petition. I admire that ZAFAR & ASSOCIATES - LLP are very careful in their initial step i.e. to prepare petition, around which the whole legal battle is fought.M. Iftikhar Sheikh ~ Dhahran, Kingdom of Saudi Arabia