The proposed new legislation – designed to replace the Companies Ordinance of 1984 – bodes well for our desire to match the developments in other parts of the world. By showing a clear intent to improve the corporate regulations, we are making the right noise. We need to create economic harmony, which in turn will act as one of the pillars for our nation’s progress on the various fronts we seem to be fighting on. It’s about time that the ‘democratic government’ made its presence felt in the sphere of economics, and hence the regulation of the corporate sector and the companies involved should be carried through efficiently and smoothly.
