It is also essential for banks to provide sufficient time and information to directors to prepare for Board meetings, structure Board meetings so as to allow ample time for discussion and establish appropriate criteria for assessing and improving performance of directors, including independent  4  BIS Review 33/2008  directors.
To raise awareness on these and related aspects, SBP is working towards issuing comprehensive corporate governance guidelines for banks. As earlier discussed, Pakistan’s corporate and financial sectors present corporate governance issues peculiar to complex ownership and group structures.