Perception of Employees Regarding Implementation of Corporate Governance: A study of Textile Industry, Lahore (Pakistan).

Abstract

This study explores the perception of employees working at managerial level of textile industry of Lahore (Pakistan) about corporate governance as whole and also about its some major elements separately, namely Ownership Structure, Accountability, Director’s
Remuneration, Risk Management and Internal Audit. For this purpose questionnaires were used as data collection tool. Listed Textile Companies of Lahore were chosen as population, which were 38 in numbers. 5 companies were selected as sample using simple random number table. 35 questionnaires were distributed to managerial level employees, out of which 25 questionnaires were returned as response rate of the study was 71%. SPSS 17.0 had been used for analyses purpose. Findings of the study lead to conclude that according to the employees’ perceptions, corporate governance as whole and also some of its major elements separately, namely
ownership structure, accountability, director’s remuneration, risk management and internal audit are being implemented in the textile industry of Lahore (Pakistan).