GE Partners with Hawkamah Institute for Corporate Governance
GE Partners with Hawkamah Institute for Corporate Governance
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General Electric Company (GE), the US$173 billion diversified technology, media and financial services company, today, signed a "founding sponsor's" agreement with Hawkamah Institute, an autonomous association of corporate governance practitioners, regulators and institutions. The new relationship helps to promote corporate governance across the MENA region and further build on GE's high standards of transparency. A world leader in promoting corporate governance best practices, GE's sponsorship of Hawkamah demonstrates its commitment to promoting these practices in the Middle East region. Nabil Habayeb, GE's President and CEO for the Middle East and Africa region, said: "Corporate governance plays a critical role in the development of modern businesses as it enhances investor trust and promotes transparent conduct. Working with leading institutes such as Hawkamah is a logical step for GE Middle East in creating a strong support network throughout the region. GE's directors have already adopted strong corporate governance principles and this new agreement will help ensure that these values are practiced in all GE initiatives in the region." Dr. Nasser Saidi, Executive Director of Hawkamah, said: "GE's decision to be a founding sponsor of Hawkamah demonstrates its confidence in our programmes and initiatives aimed at improving corporate governance practices in the region. With its vast global expertise in implementing corporate governance, GE's sponsorship will support us tremendously in our efforts to develop and proliferate better governance policies and frameworks in the Middle East. As regional firms increasingly recognise the role of governance in sustaining and enhancing business growth, Hawkamah's partnership with GE will contribute to enhancing the momentum for corporate governance excellence in the Middle East." "Good corporate governance will help to create management awareness of the risks and strategic issues that confront a company in the fast-paced business environment that is evolving in the Middle East. Our relationship with Hawkamah further reinforces our commitment to the development of the principles of good governance globally," added Habayeb. The Hawkamah Institute and the GE Leadership Team in the Middle East will work together on promoting transparency in business activities and management in the region and develop processes to make their shared commitment to integrity achievable. GE's support of Hawkamah is another key step in their commitment to localisation in the region. The Hawkamah Institute works to define and develop a home-grown - yet globally integrated - system of governance that promotes institution building, corporate sector reform, good governance, market development and increased investment and growth across the region. Ethisphere magazine recently named GE one of the "World's Most Ethical Companies." GE received the top ranking in the Diversified Industrials Group within its overall rankings and was rated among the top 10 in many Government Contractor rankings. GE is the only company in the diversified industries category to receive the award for the second straight year. 43 From left to right, Nabil Habayeb, GE's President and CEO for the Middle East and Africa region, Dr. Nasser Saidi, Executive Director of Hawkamah. 32 (1)

Testimonials

  • 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

  • Great program! Very well done and very useful information delivered in an excellent manner. The workshop was very inspirational, energizing, bringing lots of ideas, with both substantial and in-depth knowledge together with case studies. Well-balanced composition of participants, which contributed to interesting and focused discussions and exchanges. I would highly recommend it to anyone that is interested in improving their proficiency and core competencies.

    Hassan Murad Agha - Group Head of Compliance & Internal Control - Gulf General Investment Co. (PSC)

  • All companies should promote their boards, executive managers or staffs who have board responsibilities for subsidiary companies to attend corporate governance training. Hawkamah provides the ability for people and companies in the GCC to upskill in the area of corporate governance and directorship through a comprehensive programme teaching international best practice which has been tailored to regional specific governance issues.

    Alastair Mulligan - VP Asset Management - National Central Cooling Company PJSC (TABREED)

  • I am truly honored to attain this certification and I recommend the Compliance Heads of all DFM listed companies to participate and achieve this certification.

    Nabeel Mirza - Senior Director & MLRO - Compliance - GFH Financial Group B.S.C.

  • The workshop has added a level of professionalism to my practice. It addressed and discussed  the right concepts to promote better governance and effective support for business in line with rules and procedures.

    Osama Issaq Al Haj - Head of Legal & Board Secretary - Dubai Islamic Bank

  • A very interesting and informative course which has helped me to adapt my Board Secretary knowledge further to my role as Company Secretary.

    Hamad Al Hosani - Group Company Secretary - Emirates NDB Bank

  • Anyone who wants to enter the world of boards and governance; this is your passport.

    Jehad A. Kazim - Director - Legal Services Dubai Chamber

  • The Directors Development Program was one of the most beneficial programs I attend during my career life. The strength of the program comes from the way it was structured as each part covered very important aspects of the required management role.

    Nada Ishaq Abdul Karim - Manager - The Secretary of The Board of Directors - Bahrain Islamic Bank BSC

  • The DDP offered by the Hawkamah Institute is an excellent course to prepare directors to understand and fulfil their obligations properly as members of the board. I have benefitted immensely from this program and have started to implement some of the best practices taught on the boards that I am involved in.

    Amir Arab - Director - Havenvest Private Equity Middle East Limited

  • 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

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