International Journal of

ADVANCED AND APPLIED SCIENCES

EISSN: 2313-3724, Print ISSN: 2313-626X

Frequency: 12

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 Volume 13, Issue 3 (March 2026), Pages: 244-249

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 Original Research Paper

Corporate governance compliance and disclosure: Insights from Pakistani listed firms

 Author(s): 

Muhammad Yar Khan 1, 2, *

 Affiliation(s):

1Effat College of Business, Effat University, Jeddah, Saudi Arabia
2Department of Management Sciences, COMSATS University Islamabad, Wah Campus, Wah Cantt, Pakistan

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 * Corresponding Author. 

   Corresponding author's ORCID profile:  https://orcid.org/0000-0003-0731-9260

 Digital Object Identifier (DOI)

  https://doi.org/10.21833/ijaas.2026.03.025

 Abstract

The objective of this study is to examine the impact of corporate governance compliance and disclosure on achieving a sustainable corporate reporting system in a developing country. Specifically, the study evaluates the level of corporate governance disclosure and compliance with the Pakistani Corporate Governance (CG) Code of 2013. A sample of 150 Pakistani firms was selected, and data were collected from their annual reports covering the period from 2014 to 2023. The analysis of the data shows several important findings. Over the ten-year period, Pakistani firms demonstrate a positive trend in corporate governance compliance and disclosure. The level of corporate governance improved after the revision of the CG Code in 2013, which contributed to more sustainable corporate governance practices and reporting. The findings suggest that stronger enforcement and monitoring of the 2013 Pakistani Corporate Governance Code could further improve transparency and sustainability in corporate reporting. Policymakers and regulators may use these results to design targeted reforms that maintain and strengthen the increasing trend of compliance among listed firms. Overall, the study provides empirical evidence of a decade-long improvement in corporate governance compliance and disclosure among Pakistani firms following the 2013 code revision, highlighting the important role of regulatory reforms in promoting sustainable corporate governance practices and improving reporting quality in emerging markets.

 © 2026 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (https://creativecommons.org/licenses/by-nc-nd/4.0/).

 Keywords

Corporate governance compliance, Corporate governance disclosure, Sustainable corporate reporting, Corporate governance code, Emerging markets

 Article history

Received 12 August 2025, Received in revised form 7 March 2026, Accepted 22 March 2026

 Acknowledgment

The author acknowledges the support of Effat University, Jeddah, for providing the time, facilities, and academic environment necessary to complete this research. I also extend my appreciation to COMSATS University Islamabad, Wah Campus, for their valuable resources and institutional cooperation that contributed to the successful development of this work. 

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.

 Citation:

Khan MY (2026). Corporate governance compliance and disclosure: Insights from Pakistani listed firms. International Journal of Advanced and Applied Sciences, 13(3): 244-249

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