Corporate Governance in Pakistan and the UK: A Doctrinal and Comparative Legal Comparison
Keywords:
Corporate Governance, Pakistan, United Kingdom, Comparative Legal Analysis, Companies Act 2017, Companies Act 2006, SECP, FRC, ARGA, Audit Oversight, Legal Reform, Regulatory Enforcement, Board Accountability, ESG Disclosure, Corporate LawAbstract
This thesis critically examines the corporate governance framework of Pakistan, highlighting systemic weaknesses in enforcement, board independence, shareholder protection, and transparency. Using a comparative legal approach, it analyses the United Kingdom’s corporate governance model particularly the Companies Act 2006 and UK Corporate Governance Code to identify practical mechanisms that ensure accountability and institutional oversight. The research reveals that while Pakistan has modern laws such as the Companies Act 2017, their implementation remains weak. Drawing from UK practices like independent audit oversight, board evaluations, minority shareholder remedies, and ESG disclosures, the study proposes reforms tailored to Pakistan’s regulatory and economic context. The findings aim to support a transition toward a more effective, transparent, and investor-friendly governance system in Pakistan.