Arabia CSR Network and Hawkamah sign MoU to Advance Corporate Governance in the Region
Arabia CSR Network and Hawkamah sign MoU to Advance Corporate Governance in the Region
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The Arabia CSR Network and Hawkamah Institute for Corporate Governance today signed a Memorandum of Understanding (MoU) aimed at enhancing corporate governance and sustainable business practices in the UAE and the GCC region The MoU was signed by Dr Nasser Al Saidi, Executive Director of Hawkamah, and Habiba Al Marashi, President of the Arabia CSR Network on behalf of their organizations. The MoU creates a framework for both organisations to undertake joint programmes targeted at building capacity for and raising awareness of sound environmental, social and corporate governance (ESG) in the region. Hawkamah and Arabia CSR Network will work together to advance ESG knowledge, expertise and performance among regional businesses through conferences, roundtables, training workshops, award schemes, seminars, and publications. Dr. Nasser Al Saidi, said: “Corporate governance is essentially about sustainability of businesses, and environmental and social aspects play a strong role in sustainability. Taking sustainability into account serves to secure long-term corporate value. In response to changing economic conditions and to the practices that played a role in sparking the current financial crisis, institutional investors are increasingly focusing on long-term risks in their investments, and environmental, social, and governance factors play a significant role in making those assessments. The Arabia CSR Network has done valuable work in promoting sustainable development in the UAE and this MoU represents a strategic partnership that will allow us to share best practices, exchange ideas and experiences; and combine resources to drive our common goal of catalysing ESG development in the region.” Habiba Al Marashi said: “I am proud and happy to sign this agreement with Hawkamah and I look forward to a very fruitful cooperation. There are so many areas in which we can benefit from each other’s expertise and experience and I am convinced that, by combining our strengths, we can make great progress in promoting the principles of responsible and sustainable business practices in the region. Corporate Governance is an essential element of any successful business and a vital part of the wider issue of corporate social responsibility, which the Arabia CSR Network has been advancing in the GCC region. In fact, the Network’s next CSR workshop in May 2010 will focus entirely on transparency and governance and I look forward to closely engaging with Hawkamah on this.” Officially launched in October 2009, the Arabia CSR Network was born out of the Emirates Environmental Group’s (EEG) CSR Network that has advanced the principles of corporate social responsibility since 2004. The Arabia CSR Network offers its members a multi-stakeholder platform to share experiences, network and learn practical ways to implement sustainable policies into their organisations. In addition, the Arabia CSR Network offers companies tailor-made advisory services and can call on a wide network of international, regional and local experts in a variety of CSR related fields. 72 From Left to Right:
  • Dr Nasser Al Saidi, Executive Director, Hawkamah Institute for Corporate Governance
  • Habiba Al Marashi, President of the Arabia CSR Network

Testimonials

  • "We extend our thanks and appreciation to Hawkamah institute for its cooperation and the effectiveness of the Director Development Program"

    Saeed Al Kaabi - Abu Dhabi Monitoring and Controlling Centre(ADMCC)

  • "The Director Development Program was very rich in useful information and added a lot to us, and the trainers’ experience, skills and capabilities had positive impact on delivering the information to us in a direct and clear manner"

    Hamad Al - Tamimi - Osool Asset Management

  • The corporate Governance in all type of entities adds morality and ensures implementation of the best practices to fulfill the responsibilities of those entities and to ensure the rights of all parties involved, especially those who have no authority to participate in the decision-making cycle.

    Hawkamah institute contributed to enrich the knowledge of these responsibilities and the role of governance for the success of institutional work in accordance with principles that establish values and ethics.

    Ajman Municipality

  • '‘Excellent, well delivered, informative program presented by well-seasoned trainers. The training program has helped transform and empower the Board’s vision and focus our minds on the relevant issues at hand. We sincerely thank you for the training sessions which helped broaden our perspective and decision making processes. We strongly recommend this training to elevate directors to the next level".

    Bank of Maldives

  • "I would like to thank Hawkamah for the ESG Reporting training , I found the two days ESG Reporting training very informative and helpful and I have definitely received some tools that I will use in my work"

    Rania Zaatari - Head of Makassed Communal Healthcare Bureau

  • "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

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