5.7 Corporate Governance Reforms in Nepal

The reform's ladder: the pre-2063 era (the Companies Act 2021's old world; the state-and-family companies' governance-by-favour); the Companies Act 2063's modernisation (the units-of-this- course's architecture: the independent-and-woman directors' faces, the audit committees, the disclosure ladder, the minority's remedies); the Securities Act 2063's-and-SEBON's market- governance (the demutualization-and-directives — LAW5409's U2.8's faces); the sectoral reforms (the BAFIA 2073's-and-the Insurance Act 2079's boards-and-supervision); the SOE governance's long reform (the state-owned-enterprises' boards-and-accountability — the performance-and-management faces; the Nepal Airlines Corporation's continuing saga as the case-in-point: Nepal Airlines Corporation vs. Harati Travels, N.K.P. 2067 B.S., Vol. 12, D.No. 2086 — the state-carrier's-and-the travel-agent's corporate-contract dispute (the SOE's commercial-and-liability faces) — read the report at the cited place and cite verbatim with the syllabus's citation; the modern SOE's procurement-and-oversight scandals' lessons (the wide-body era's governance failures)); and the reform's frontier (the Act's-amendment debates, the stewardship-and-ESG faces, the enforcement's capacity-building).