Hawkamah and UAB Announce 2010 Hawkamah-UAB Bank Corporate Governance Award
Hawkamah and UAB Announce 2010 Hawkamah-UAB Bank Corporate Governance Award
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The Hawkamah Institute for Corporate Governance and the Union of Arab Banks (UAB) today announced the 2010 edition of the Hawkamah-UAB Bank Corporate Governance Award, the region’s leading awards programme focused on recognising superior governance practices in the banking sector in the Middle East and North Africa (MENA) region. Introduced in 2007 by Hawkamah and the UAB, the Award honours banks that have made exceptional efforts to improve their corporate governance practices beyond the minimum legal and regulatory requirements imposed by their jurisdictions, and whose achievements serve as a model for other banks in the region. Open to all banks based in the Arab region, the Award will assess banks on five key criteria - commitment to good corporate governance; structure and functioning of the board of directors; control environment and processes; disclosure and transparency; and shareholders rights. Dr. Nasser Al Saidi, Executive Director of the Hawkamah Institute for Corporate Governance said: “Corporate governance reform and excellence have become a high priority for businesses that seek to sustain their competitiveness and growth in today’s economic environment. Banks are today at the forefront of enhancing institutional mechanisms to improve transparency, accountability and integrity in the region’s corporate world. The Hawkamah-UAB Bank Corporate Governance Award seeks to identify and recognise banks that have shown extraordinary commitment to enhancing corporate governance practices. The Award also seeks to focus the spotlight on the value generated by sound corporate governance.” He further added: “The 2010 edition of the Hawkamah-UAB Bank Corporate Governance Award has yet again received the support of industry leaders.” Dr. Fouad Shaker, Secretary General of the Union of Arab Banks (UAB) added, "The UAB has always been at the vanguard of developing and supporting initiatives that drive the growth of the banking industry. As key players in the region’s economy, it is important that banks lead by example. The applications received by the Award in previous years have shown that banks in the region are keen to play such a leadership role in promoting corporate governance reform and development. We are delighted to be working once again with Hawkamah on promoting corporate governance reform across the region. We hope to build on the success of last year’s Awards by having an even stronger list of applicants this year." The judging panel for the Award includes eminent international corporate governance experts - Alan McIntyre, Partner of PricewaterhouseCoopers (PwC), Professor Andrew D Chambers, author and worldwide authority on corporate governance; and Professor Chris Pierce, CEO of Global Governance Services Ltd. The panel will review all applications and create a shortlist of five banks. Following this, the panel will conduct one-on-one interviews with each of the finalists. The top three winners of the Award will be announced at a gala dinner to be held on the first day of Hawkamah’s fifth Annual Conference to held on October 31st and November 1st, in Muscat, Oman.

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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