‘e-Go’Portal To Be Launched To Protect Minority’s Rights

APP

Islamabad: The Pakistan Institute of Corporate Governance (PICG) and Central Depository Company (CDC) are launching a corporate governance portal ‘e-Go’ to empower and facilitate investors and shareholders with the necessary knowledge of their shareholder rights and corporate governance practices.

This ground-breaking digital initiative aimed to protect the rights of minority shareholders and educate and engage shareholders in governance-related issues.

The PICG and the CDCPL signed a Memorandum of Understanding for the development and implementation of the e-Go platform. The e-Go platform initiative is in line with the Securities and Exchange Commission of Pakistan’s (SECP) vision to have more informed and involved shareholders and to protect the rights of minority shareholders.

This corporate governance digital platform has been envisioned to equip shareholders of corporations and businesses with the necessary information, learning modules, and training resources to promote sound corporate governance practices.

PICG President Memosh Khawaja said that there is a general lack of awareness and limited understanding among shareholders, especially minority shareholders, regarding their rights in corporate governance practices, resulting in their reduced participation in decision-making and vulnerability to manipulation and exploitation of shareholder rights.

The proposed portal aims to foster increased shareholder engagement in governance matters by facilitating greater awareness and knowledge, Memosh added.

It will leverage the domain expertise of PICG in the realm of corporate governance and the technical and operational expertise of CDC in implementing and operating state-of-the-art national-level digital platforms.

CDC Chief Executive Officer (CEO) Badiuddin Akber further stated that this platform aims to enrich corporate governance practices in Pakistan by providing a convenient, informative and interactive medium for shareholders to learn about and engage effectively in sound corporate governance practices.