Corporate Governance Actions Will Highlight Upcoming Hawkamah-OECD Annual Conference
Corporate Governance Actions Will Highlight Upcoming Hawkamah-OECD Annual Conference
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Press Centre 03 October 2011 Corporate Governance Actions Will Highlight Upcoming Hawkamah-OECD Annual Conference 6th Annual Regional Conference will be held in Dubai on 31 October to 1 November, 2011 Hawkamah, the Institute for Corporate Governance and the Organisation for Economic Co-operation and Development announced today that the 6th regional corporate governance annual conference that will be held on October 31 - November 1, 2011 in Dubai, UAE. Under the theme: “Words to Action: The Regional Corporate Governance Challenge”, the conference will discuss the next steps for governance reform in the region. Hawkamah and OECD studies have indicated that there have been significant governance improvements in the past years, with a number of corporate governance codes having been introduced by various capital market regulators and central bank authorities. The ongoing issue for corporate governance in the region is implementation, not only from the regulators’ perspective but also from the private sector’s. The UAE Minister of Economy H.E. Eng. Sultan Bin Saeed Al Mansoori who will be delivering the keynote address, commented: “Corporate governance is becoming highly recognized across the world especially after the financial crisis as it plays a significant role in the growth and sustainability of the economy. Today we highly require effective corporate governance systems to enhance the quality of operations and management, adding a layer of checks and balances and strategic thinking. I hope this strategic event will deliver its message to the business community in the UAE to prioritize corporate governance and I would like to praise Hawkamah’s efforts in launching Corporate Governance initiatives in the UAE and in the region.” Dr. Nasser Saidi, Executive Director of ‘Hawkamah’ announcing the conference, said: “Hawkamah’s annual conference is widely regarded as preeminent international and regional gathering that takes stock of the recent governance developments and sets the priorities for home-grown future reform. The ultimate aim of the Annual Conference is to engage policy makers, practitioners, investors and corporates to share ideas and best practices and debate the best way forward for corporate governance in the region.” “Corporate governance forms the bedrock of a nation’s economy, and contributes to attracting investments that boost the business competitiveness of a nation. We realised its importance early on, and incorporated it as a key element of our corporate strategy from the very beginning. We are proud to support this event as the Diamond Sponsor and Exclusive Telecom Partner. Our participation underscores our commitment to promote corporate governance within the UAE and across the region, in order to promote best practices. We are confident that the conference, now in its sixth year, will further enhance governance development on a local and regional scale, and we wish the organisers the very best,” commented Mahmood Ahmad, Vice President, Board Relations, Corporate Governance and Compliance at du. Varoujan Nerguizian, Bank of Sharjah’s General Manager also commented: “Bank of Sharjah is very pleased to be sponsoring the 6th Annual Hawkamah conference.” Adding: “We fully believe in the development of better Corporate Governance and its value in building sustainable business practice. Corporate Governance may be a relatively new term in the region but the core concepts have been instilled in businesses across the region – just like Bank of Sharjah for many years. Bank of Sharjah has always had tight governance practices and strong core values. Therefore I feel it is of great importance for Bank of Sharjah to be involved in such an event which gives Regional Corporate Governance practices a platform.” Hawkamah-OECD’s 6th annual conference will explore how implementation of good corporate governance practices can be supported. The conference will feature forward looking panel discussions to explore themes such as director and regulatory capacity; governance of risk; investors and their stewardship responsibilities; challenges faced by state-owned enterprises, family-owned enterprises, and sovereign wealth funds; sustainability reporting; Islamic finance; development of the regional capital markets; and corporate governance research in the region. Particularly interesting this year is the changing dimensions of the regional corporate governance debates involving regulators and investors, the private and public sectors in light of the ‘Arab spring.’ This important event is organized in cooperation with Hawkamah’s supporting partners and founding members, including the Organization for Economic Co-Operation and Development (OECD), World Bank, Dubai International Financial Centre (DIFC), International Finance Corporation (IFC), International Centre for Financial Regulators (ICFR), INSOL International, and Union of Arab Banks (UAB), among others. ponsors of the conference include du as the Diamond Sponsor and Exclusive Telecom Partner., Bank of Sharjah, Muscat Bank, Dubai World Central, Al Baraka Banking Group, Dubal and Weil. Media partners include the Financial Times, Executive Magazine, Business Pioneer, amongst others. 89 Photo caption from left to right: Mahmood Ahmed Dr. Nasser Saidi Stephanie Williams

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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