Section 50: Objectives of the Directorate of Corporate Governance.

The objectives of the Directorate of Corporate Governance shall be to-(a) develop principles and practices of corporate governance;
(b) promote the highest standards of corporate governance;
(c) promote public awareness about corporate governance principles and practices;
(d) on behalf of Council, act as the national coordinating body responsible for all matters pertaining to corporate governance;
(e) promote sound financial reporting and accountability based on true and fair financial statements duly audited by competent independent Auditors;
(f) encourage sound systems of internal control to safeguard stakeholders' investment and assets of public interest entities; and
(g) ensure that audit committees of public interest entities keep under review the scope of the audit and its cost effectiveness, the independence and objectivity of the auditors.