Dubai Declaration

Upcoming Events

  • Financial Stewardship, Accountability & Planning (Part 4 DDP) Arabic

    03 May - 04
    03 May - 04

    Financial Stewardship, Accountability & Planning (Part 4 DDP) Arabic

    Location: Dubai

    Categories: Director Development Programme Events 2017

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  • Understanding Fintech: New Financing Opportunities for Middle East Companies

    08 May - 08
    08 May - 08

    Understanding Fintech: New Financing Opportunities for Middle East Companies

    Location: DFSA

    Categories: Events 2017

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  • Strategic Leadership (Part 3 DDP)

    15 May - 16
    15 May - 16

    Strategic Leadership (Part 3 DDP)

    Location: Dubai

    Categories: Director Development Programme Events 2017

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  • Financial Stewardship, Accountability & Planning (Part 4 DDP)

    17 May - 18
    17 May - 18

    Financial Stewardship, Accountability & Planning (Part 4 DDP)

    Location: Dubai

    Categories: Director Development Programme Events 2017

    more Learn More
  • Hawkamah 11th Annual Conference - Professionalizing State Owned Enterprise Boards

    23 May - 24
    23 May - 24

    Hawkamah 11th Annual Conference - Professionalizing State Owned Enterprise Boards

    Location: Armani Hotel Dubai

    Categories: Conferences Events 2017

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  • Company Secretary Workshop (Masterclass Part 1 & 2)

    10 Jul - 12
    10 Jul - 12

    Company Secretary Workshop (Masterclass Part 1 & 2)

    Location: Dubai

    Categories: Events 2017

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  • Introduction to Corporate Governance (Part 1 DDP) Arabic

    25 Sep - 26
    25 Sep - 26

    Introduction to Corporate Governance (Part 1 DDP) Arabic

    Location: Dubai

    Categories: Director Development Programme Events 2017

    more Learn More
  • Introduction to Corporate Governance (Part 1 DDP)

    25 Sep - 26
    25 Sep - 26

    Introduction to Corporate Governance (Part 1 DDP)

    Location: Dubai

    Categories: Director Development Programme Events 2017

    more Learn More
  • The Board (Part 2 DDP) Arabic

    27 Sep - 28
    27 Sep - 28

    The Board (Part 2 DDP) Arabic

    Location: Dubai

    Categories: Director Development Programme Events 2017

    more Learn More
  • The Board (Part 2 DDP)

    27 Sep - 28
    27 Sep - 28

    The Board (Part 2 DDP)

    Location: Dubai

    Categories: Director Development Programme Events 2017

    more Learn More
View All Events

Towards sound and efficient financial markets and banking systems In recent years, corporate governance has received international prominence in both the public and private sectors as investors, boards and governments come to terms with its impact on private sector valuations, capital markets and economies.

This prominence has risen from an increasingly complex global legal and regulatory environment, high-profile instances of corporate malfeasance, greater participation from foreign investors in developing markets and heightened investor awareness of the valuation risk associated with poor corporate governance practices.

Introducing good corporate governance is vital for financial and economic development in the Middle East. It will ensure the region can operate on a level playing field with other markets and attract foreign capital. Companies will benefit greatly by applying good corporate governance practices, such as defining board responsibilities, ensuring shareholders rights and providing financial disclosure. This commitment to transparency will attract more investor interest and provide greater choice in sources of capital.

Already, practical developments are taking place. The public sector is committing to improving corporate governance standards, while the presence of foreign capital and investment is raising expectations for overall standards.

The inaugural Hawkamah Conference, co-hosted by the OECD, focused on attaining a deeper insight into the key issues of corporate governance, its role in Islamic finance, the importance of information technology and the role of the media in improving corporate governance practice. The interactive sessions provided an opportunity for the participants to contribute to practical recommendations for improving regional corporate governance standards and help raise the profile of this important initiative.

The Dubai Declaration called for the development of the Task Force on Corporate Governance of Banks, Task Force on the Corporate Governance of State-Owned Enterprises, and the Insolvency Module to further consolidate governance reforms in the region. The Dubai Declaration is available in Arabic and English.

The conference was supported by international and regional institutions such as MENA OECD Working Group on Corporate Governance, International Finance Corporation, Global Corporate Governance Forum Center for International Private Enterprise, Union of Arab Banks, ISACA-UAE, INSOL, Institute for International Finance, Egyptian Banking Institute, Egyptian Institute of Directors, and Financial Services Volunteer Corps.

Hawkamah would like to thank its corporate sponsors for helping make this event happen:

Testimonials

  • The Director Development Program is great way to gain insight and improved understanding in areas such as corporate governance and board functionality. I would highly recommend the program as a foundational step before they begin their board experience.

    Bindu Ann Joseph - Chief Operating Officer - 3W Networks
  • Director Development Program was invaluable learning experience for me which has elevated my knowledge and broaden my understanding mainly on the corporate governance practices and board of directors role. It has addressed the main concepts from theoretical and practical perspectives. The material is comprehensive and provides the key information of the different aspects of the course. I strongly recommend the program for individuals who play role in corporate governance and seek to enrich their knowledge of companies’ board of directors.

    Sumaya Alshaer - Acting Head of Strategy & Corporate Governance - DUBAI SOUTH
  • The Director Development Program is being run with an effective balance between theory presented by knowledgeable staff and interactive discussions among the participants. This makes it into a recommendable program for aspiring and existing Board Members alike to get up to date on Corporate Governance as relevant for our GCC Region.

    Johan H. Brand – Owner – Johan Brand Leadership Advisory DWC – LLC
  • My favorite part of the DDP program is that it teaches you more than academics. It gives you insights on the skills you need as a board member.

    Noora Mahfouth A Mohd Alshehhi - Manager- Contract Review Audit - Dubai Electricity & Water Authority
  • The program was a great opportunity for me to learn about best practices of governance and board dynamics both globally and locally. Having diverse and experienced colleagues brought new and different   perspectives that added value.

    Majid Al Mail - Senior Manager & Head of INNOVATOR Program - Abu Dhabi Technology Development Committee (TDC)
  • Building corporate governance capability is vital for board members, and eventually can help create financially healthier businesses, and more sustainable over the long term. I encourage all seniors to look beyond traditional forms of governance and explore new techniques and patterns that “Hawkamah” has tailored for its unique associates. PDD program has given us the horizon to use these tools on real business cases and prepare us to set in board meetings with self-confidence and sensibility.

    Ekram Al-Yacoub - Saudi Business Analyst and Columnist
  • The DDP course striked the right balances between academic governance literature, class discussion, and trainer background. This was a great course to get more depth in governance with discussions on regional case studies drawn from Hawkamah, class Trainers, or Participants.

    Jasem Alawadhi - Manager CTO - Commercial Bank of Dubai
  • The Directorship Development Program (DDP) provides a structured overview of the skills and responsibilities required by the board member.  The material is interesting and comprehensive in nature, yet practical and immediately implementable.  The instructors add practical insight into the topics, and the diversity of the attendance provides multiple viewpoints.  This program is highly recommended for individuals looking for a structured framework to develop skills instrumental for serving boards.

    Nathalie Sfeir Bsaibes - Legal Consultant - MEG Legal Services
  • I thoroughly enjoyed Mudara’s Director Development Programme and found it to be very beneficial. The content was both well-structured and comprehensive, providing us with an in depth view of global best practices and arming us with the necessary skills to effectively disburse our duties. I highly recommend it for all current and aspiring board members.

    Omar Al Shunnar - Chief Executive Officer - Majid Al Futtaim Healthcar
  • An excellent course, and highly recommended for all Board Members.

    Abdulqader Obaid Ali, Director

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