Hawkamah Stages Inaugural Conference on Corporate Governance in the MENA Region
Hawkamah Stages Inaugural Conference on Corporate Governance in the MENA Region
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Event hosted by the Dubai International Financial Centre

Hawkamah Institute for Corporate Governance (Hawkamah), a subsidiary of the Dubai International Financial Centre Authority, today announced that it will hold the first ever conference focusing on corporate governance in the MENA region to take place in Dubai on 26-27 November 2006.  The conference follows the mounting emphasis on the importance of developing a robust corporate governance framework in the Middle East and North Africa, to ensure the region can reach its full potential as an international financial market. Hawkamah is a regional entity whose mission is to assist countries and companies of the wider MENA region in developing sound and globally well-integrated corporate governance frameworks and practices.  It takes part in regional and international initiatives to support open and transparent markets and sound corporate governance regimes. The theme of the conference “Towards Sound and Efficient Financial Markets and Banking Systems” responds to the challenges faced by the region’s countries in modernizing their corporate sector.  Addressing the financial markets and banking systems are keys to advancing corporate governance in the region.  The draft agenda of the conference also includes sessions on the governance of family owned enterprises, state owned enterprises, and on shari’ah compliant corporate governance, information technology governance, and insolvency frameworks.  Expert contributions will come from the Organisation for Economic Cooperation and Development , World Bank’s Global Corporate Governance Forum, International Finance Corporation, Bank for International Settlements, International Corporate Governance Network, Center for International Private Enterprise, Financial Services Volunteer Corps, INSOL International, ISACA (IT Professionals), Union of Arab Banks, Jordanian Corporate Governance Association, Egyptian Banking Institute, Egyptian Institute of Directors, among others. This unique event will provide an opportunity for the region’s business community, and local and international media, to hear and interact with government officials, policy makers and business leaders about significant corporate governance issues.  Topics to be discussed will include the key findings from the Hawkamah-IFC MENA survey of regional CEOs on standards of corporate governance in companies and banks.  The session will examine the extent of corporate governance implementation in the region and initiate discussions on the next steps for reform.  The conference will explore corporate governance development in the MENA region in relation to international trends, with focus on key issues and benefits for banks, family-owned enterprises and state owned enterprises in implementing good governance. The two-day event will conclude with a MENA OECD Working Group meeting. His Excellency Dr. Omar Bin Sulaiman, Governor of the Dubai International Financial Centre, said: “Since corporate governance is an integral part of the regulatory framework necessary for any successful financial market, this conference will be vital to further economic growth across the region. As the region is now recognised as a hub for global businesses and investment, the DIFC is focused on the implementation of international standards and reforms, in line with its objectives for growth and continued regional prosperity.” Dr. Nasser Saidi, Executive Director of Hawkamah, outlined the value of the conference: “Central to the strategy of Hawkamah has been interacting and networking with the region’s banking and financial communities and key decision-makers on the significance of a solid and relevant corporate governance structure.  Whilst the subject of corporate best practice has certainly gained momentum, the findings from our recent GCC corporate governance survey, produced together with the IIF, highlight the fact that the region’s policy makes in the public and corporate sectors have to act to remedy the region’s ‘gap’ in corporate governance compared to international best standards and practices.  This conference provides an opportunity for people to share their views and gain insight from some of the world’s leading experts on corporate governance in emerging markets in order to advance this process.” The conference will be held on 26-27 November, 2006 at the DIFC, Dubai, UAE.  Further details of the conference, including ticket availability, registration details and a speaker programme is available for download from https://www.hawkamahconference.org.

Testimonials

  • "The DDP provides a solid foundation of corporate governance for existing and aspiring directors."

    David Haglund - Senior Executive Director and Portfolio Manager of the Templeton Frontier and MENA Market strategies

  • “Thank you so much for sharing such insightful webinar. It was great and valuable to all participate”

    Shady Rashed - Senior Economic Researcher at The Ministry of International Cooperation of Egypt

  • “Good session and very well organized on the webinar about How to buffer and lessen the impact of the novel Covid – 19, to maintain business sustainability with Hawkamah - AUB / Makhzoumi” 

    Bilal Hamade - Executive Advisor

  • "One of the best webinars I attended. Well done OSB Makhzoumi and Hawkamah”

    Fida Kanaan – Director – Executive education  OSB AUB

  • "A journey full of knowledge, experience and professionalism . I have learned a lot and definitely enjoyed the time I spent with my colleagues."

    Ibtihal Al-Shamali- Director of Corporate Governance- Capital Market Authority of Kuwait

  • The breakfast meetings organised by Hawkamah provide attendees with a great opportunity to meet with peers from leading organisations and exchange ideas on current issues and challenges. A strong panel of industry experts discussing the challenges from different perspectives on ‘How to get the board more engaged’ was most insightful and engaging with enthusiastic audience participation especially in matters regarding diversity and quality of information that is  presented to the board for effective decision making. I look forward to more such events that are organised by Hawkamah

    Sunil Edwards- Group Head of Internal Audit  - Bank of Sharjah

  • The power breakfast on board engagement organized by Hawkamah in collaboration with Diligent was a successful event, very insightful and informative and well organized

    Mostafa Ibrahim Abdeltawab - Tax Agent & Consultant  - Skylines Tax Consultancy

  • There is absolutely no doubt that Hawkamah – as always – has done unmatchable effort in producing its most recent valuable report in association with Diligent about Board Best Practices in the MENA. The discussions that took place in the “Power Breakfast” was so important and insightful; the influx of questions by the quality participants and the valuable answers of the quality panelists is a clear proof of Hawkamah continued success in such events. 

    Yasser Al Dabach – Board Secretary – Ghobash Trading & Investment Group

  • The technical knowledge, insights, case studies and learning provided by the ‘Director Development Program’ are very useful and effective in framing the strategic planning, implementation and delivery phases of growth plans in the difficult economic and geo-political times that we are operating in.

    Hisham Dimashki – CEO - BAP LLC – (associated with GM Trading Companies - Washington DC)

  • The certified Board Secretaries Workshop provided by Hawkamah and Dubai Financial Market is an essential course for learning corporate governance, scope and responsibilities of the board secretary and understanding the governance and disclosure requirements of the Dubai Financial Market and the Securities and Commodities Authority. It is a practical course which combined recent best practices and key learning lessons. I would highly recommend it for people involved in corporate governance and in particular in a listed company.

    Omran Al Zamani - Senior Legal Counsel - Dana Gas PJSC

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