The objectives of the Directorate of Corporate Governance are ―

(a) to develop principles and practices  of corporate governance;

(b) to promote the highest standards of corporate governance;

(c) to promote public awareness about corporate governance principles and practices;

(d) to, on behalf of Council, act as the national coordinating body responsible for all matters pertaining to corporate governance;

(e) to promote sound financial reporting and accountability based on true and fair financial statements duly audited by competent independent Auditors;

(f) to encourage sound systems of internal control to safeguard stakeholders' investment and assets of public interest entities; and

(g) to 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.