Role of non-executive director: comprative analysis with US (delaware)

Abstract

This research project is regarding the non-executive director’s (N.E.D.) role and the comparative analysis of Pakistan’s corporate governance law regarding it with the corporate governance laws of United States (U.S.) and especially the Delaware General Corporation Law (D.G.C.L.). In the beginning, a detailed description of a N.E.D is given and its types, its effect on a company’s board performance and its role in large and small business is explained Furthermore in this research project, the idea of corporate governance is explained, the structure of corporate governance in Pakistan is explained and the role of a N.E.D. in Pakistan is explained while referring to the Companies Act, 2017 (C.A., 2017) and Listed Companies (Code of Corporate Governance) Regulations, 2017 (L.C.R., 2017). Lastly, the corporate governance structure of the U.S. is explained and the legal framework of Pakistan regarding the N.E.D.’s role in a company is compared with the N.E.D.’s role in the federal rules and regulations of the U.S. and the D.G.C.L.