In Pakistan, the Securities and Exchange Commission of Pakistan primarily regulates which area relevant to corporate governance?
Correct answer: B. Companies and the capital market
- A. The national monetary policy rate
- B. Companies and the capital market
- C. The collection of federal income tax
- D. The administration of provincial land records
Explanation
SECP regulates companies, securities markets and related non-banking financial sectors in Pakistan. Monetary policy is handled by the State Bank, while federal tax collection is primarily associated with the FBR.
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About Business Ethics and Corporate Governance
Business ethics applies principles such as honesty, fairness, responsibility and transparency to decisions involving employees, customers, investors, competitors and society. Corporate governance covers the board of directors, accountability, disclosure, internal controls, stakeholder interests, agency conflicts, corporate social responsibility, codes of conduct and whistleblowing.
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