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 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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