Major Corporate Governance Initiatives to be Announced at Hawkamah's Annual Conference
Major Corporate Governance Initiatives to be Announced at Hawkamah's Annual Conference
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Dr. Nasser Saidi: Corporate Governance Critical Ingredient in GCC's Ability to be a Major Global Player:  The Third Annual Regional Conference of Hawkamah - The Institute of Corporate Governance, which starts tomorrow in Doha, Qatar, is all set to announce major initiatives aimed at further developing corporate governance in the region. One of the major highlights of the event will be the release of Hawkamah's policy brief for banks that identifies corporate governance issues affecting the banking sector in the Middle East and North Africa region. Produced after a year-long consultation with Central Banks, banks and other regulators in the region, the policy brief will make recommendations for standardising and harmonising corporate governance practices and policies across the region. Also eagerly anticipated is the launch of the Doha Declaration, which will chart the corporate governance policy agenda for the Middle East and North Africa region. To be held from November 9 to 10, 2008, Hawkamah's annual conference brings together corporate governance practitioners, regulators, and representatives of the public and private sectors to discuss the region's pressing corporate governance concerns under the theme: "Corporate Governance: Is the Region Ready to Become a Global Player". The Hawkamah Conference will also highlight the recent progressive measures taken by Qatar to advance corporate governance. Leading organisations in Qatar have, over the past year, taken significant steps to raise governance standards. The Qatar Financial Market Authority, with the assistance of Hawkamah and its international partners, recently issued a corporate governance code for public comment. The Qatar Financial Centre, operating in a world-class environment, fully endorses corporate governance in its regulations. The Qatar Central Bank recently put in place a risk-based corporate governance framework for its banks. Participants at the event will also discuss how the region, as a growing player in the global marketplace, can learn from corporate governance challenges in developed economies that have led to the current financial turmoil. Speaking on the significant of the conference, Dr. Nasser Saidi, Executive Director of Hawkamah said: "The financial turmoil affecting advanced economies has given emerging markets including the GCC region an opportunity to play a more prominent role in the global economy. Good corporate governance is a key ingredient in the region rising to the challenge and becoming an international player." "By ensuring the widespread adoption of institutions and corporate governance frameworks that further bolster investor trust, the GCC region has the opportunity to take its place among the leading economies of the world. The Hawkamah Annual Conference provides an opportunity to explore recent corporate governance developments in the MENA region, learn from experiences in other markets and understand the challenges we face so that we can formulate a way forward," Dr. Saidi added. Critical issues that the conference will dicuss include: corporate governance and the financial crisis; potential rise of shareholder activism; optimal regulations for advancing corporate governance; and strategies to involve private equity, future generation funds, and families in the corporate governance movement. The discussion of topical regional issues such as corporate governance for Islamic financial institutions, private equity, sovereign wealth funds, challenges faced by regional families and insolvency and creditor rights will generate insights into the unique governance challenges faced by the region. The two-day Hawkamah Conference will include a meeting of the MENA-OECD Working Group on Corporate Governance co-chaired by Hawkamah and the Organisation for Economic Cooperation and Development (OECD) in partnership with the World Bank's Global Corporate Governance Forum (GCGF) and the International Finance Corporation (IFC). This meeting will be co-hosted by Hawkamah. Hawkamah's Third Annual Conference will be held from 9 to 10 November, 2008 at the Sharq Village and Spa, Doha, Qatar.

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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