Board Governance for State-Owned Enterprises

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SECP CERTIFIED DIRECTORS TRAINING PROGRAMME

State Owned Enterprises (SOEs) play a pivotal role in economic development, infrastructure growth, public service delivery, and national competitiveness. At the apex level, SOE boards must balance commercial viability and public policy objectives, ensuring transparency, accountability, and strategic oversight to drive sustainable impact.

Board Governance for State-Owned Enterprises Programme is designed to equip current and aspiring directors with the critical knowledge and competencies required to navigate the unique governance challenges of SOEs. This comprehensive programme offers a structured understanding of governance principles, legal and regulatory frameworks, financial stewardship, board operations and risk management tailored specifically for SOEs. Through real-world case studies, interactive discussions, and practical board exercises, participants will develop the skills to enhance governance effectiveness, mitigate risks, and align SOE operations.

The programme will address the complex and evolving needs of SOE governance in Pakistan. Through a series of interactive sessions covering corporate governance, legal frameworks, financial management, and practical board exercises, participants will gain the expertise needed to fulfill their roles effectively.

The 3-day programme is designed to:

Examine the role of the government in the establishment and operation of SOE’s, including the strategic aspects of SOE operations.
Explore the mechanisms for forming SOE boards, the types of directors needed, and the importance of board diversity.
Define the strategic roles and boundaries of chairpersons and directors, and clarify their statutory roles, responsibilities, and liabilities in the governance of SOE’s.
Provide an understanding of the legal and ethical requirements for Code of Conduct, the disclosure and management of conflicts of interest, and the procedures for addressing conflicts within the board.
Discuss the financial governance duties of directors, the statutory requirements for managing financial risks, and the importance of ensuring transparency and accountability in financial reporting.
Analyse the composition, duties, and responsibilities of the Audit Committee in SOE’s and the internal control structures required to ensure effective governance.

The profile can include, but is not limited to, the Directors and Aspiring Directors of SOE’s, Government Officials and Policymakers and Corporate Governance Professionals.

The programme fulfils the criteria specified for SOE Directors by the Securities and Exchange Commission of Pakistan (SECP).
The programme incorporates a blend of real-life case studies, experiential learning exercises, local success stories and interactive discussions providing the participants a distinctive learning experience which is the hallmark of LUMS.

Programme Director

KHALID A. MIRZA
Teaching Faculty
Honorary PhD, Institute of Business Management
M.Com, University of the Punjab

Past Experience:
Chairman and Chief Executive: Competition Commission of Pakistan; Chairman and Chief Executive: Monopoly Control Authority, Government of Pakistan; Sector Manager, Financial & Private Sector Development, East Asia and Pacific: The World Bank, Washington DC, USA; Former Chairman: Securities & Exchange Commission of Pakistan

Co-Programme Director

BUSHRA NAQVI

Associate Professor
PhD, Université Paris 1

Research Interests:

Financial Markets; Risk Management; Corporate Finance

Additional Faculty

SHEHARYAR SIKANDER HAMID

Assistant Professor

PhD Corporate Governance, Financial Regulation and Islamic Finance, University of Warwick (UK)
Research Interests:
Corporate Governance; Company Law; Commercial Laws; Financial Regulation and Islamic Finance

SHEZEEN SALIM HEMANI
Assistant Professor
PhD, Adam Smith Business School, University of Glasgow, UK
Research Interests:

Entrepreneurship and Leadership

SYED KUMAIL ABBAS RIZVI

Associate Professor, Finance
PhD, University of Paris Sorbonne

Research Interests:

Strategic Investments; Corporate Finance; Sustainable Finance; Valuations; Financial Statement Analysis; Portfolio Management; Energy Finance; and Technological Financial Products

Offering	May 2025
Programme Fee	PKR 300,000
Residential Fee	PKR 60,000

* Programme fee includes tuition cost, reading material, tea and lunch served during the programme.
* Residential fee and accommodation clause below are not applicable for programme offerings in Karachi.

ACCOMMODATION
If you wish to avail accommodation at LUMS, there will be additional fee. It includes accommodation, breakfasts and dinners for the duration of the programme. However, any extra charges such as telephones, extra meals etc should be paid on departure. You may check-in on the evening preceding the start date of the programme module and check-out the morning after the programme module ends. You are, however, requested to inform us of the time of your arrival and departure.

We offer single bed accommodation at the Rausing Executive Centre. Each bedroom with attached bathroom is equipped with mini-fridge, writing desk and direct dial STD/ISD telephone and cable TV. All bedrooms at REC are internet-ready. Please note we do not provide accommodation for drivers accompanying participants.

ADMISSION PROCESS
Applications will be screened with regard to their suitability for each programme. Kindly ensure that your complete online application form reaches the office by the deadline. Incomplete application forms will not be entertained.

*Seat in the programme will be reserved on a first-come, first-served basis.

PAYMENT
Payment is due upon receipt of the acceptance letter along with the invoice. Please ensure that the payment reaches the office BEFORE the start of the programme. Space in the programme may only be ensured after we receive the fee.

Our preferred mode of payment is by cheque/banker’s draft payable to Lahore University of Management Sciences. Personal cheques will not be entertained. However, the programme fee can also be paid via bank transfer.

Please send the cheque to:
Marketing Manager
Rausing Executive Development Centre
Lahore University of Management Sciences
Sector "U", DHA, Lahore Cantt. Lahore - 54792
Tel: +92-42-35608119-8243

*LUMS is a not-for-profit organisation under the Income Tax Ordinance 2001. Accordingly, the income of LUMS is not tax deductible/collectable.

DISCOUNT POLICY
If more than one executive from the same organisation participate (up to a group size of 10 participants), each additional participant after the first one gets a 10% discount on the programme fee.

SUBSTITUTES/TRANSFERS AND REFUNDS
If you are unable to attend a registered course, we will accept a substitute until 2 working days before the programme. Substitute candidates will be subject to the same selection process as the original one. If you wish to cancel your name from a programme, please notify in writing or on call at least 5 working days before the programme. In case of late cancellation, the course fee will be refunded after deducting an application processing fee of PKR 80,000.

It is possible to transfer deposited fee to any open enrolment programme within 3 years. Transfers should be notified at least 5 working days before the programme. In case the participant or sponsoring organisation fails to utilise the funds within 3 years, the deposited fee will be forfeited.

Note: REDC may cancel or postpone a programme due to insufficient enrolment or unforeseen circumstances. In this case, university will refund registration fee but will not be responsible for any other related charges/expenses including cancellation/change charges by airline and travel agencies.

In case of postponement, the fee may be transferred to the rescheduled offering of that programme or any other programme as an alternate to refund. The University reserves the right to make changes in its programme policies and fees at any time.

An assessment will be conducted after the programme completion. Participants will be eligible for certification after successful completion of assessment.

Board Governance for State-Owned Enterprises - Directors Training Programme - New

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