Mudara IoD Announces its first 7 certified independent directors at the Hawkamah OECD 6th Annual Conference
Mudara IoD Announces its first 7 certified independent directors at the Hawkamah OECD 6th Annual Conference
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The Hawkamah-OECD 6th annual regional corporate governance conference will continue today its series of discussions at the Ritz Carlton, DIFC – UAE, titled Words to Action: the Next Regional Corporate Governance Challenge, the conference discusses corporate governance and the impact of Arab Spring. Dr. Nasser Saidi, Executive Director of Hawkamah commented: in addition to the discussion and debates today, Mudara IoD will be announcing the first 7 certified independent directors in the region who have gone through the Mudara IoD Director Development Programme, passed the examination and an interview of peer jury.” In a statement to encourage other directors to undertake the progamme, Jan Bladen, DFSA COO, said: "The Mudara IOD Director Development Program (DDP) is literally 'Boot Camp for Board Members' and anybody who thinks it’s easy is in for a shock! ... The qualification and certification of Mudara IOD's first independent directors is a highly rewarding step for Mudara IOD and one giant leap for Corporate Governance in the Middle East." Today’s session promises an interesting debate reviewing the impact of Arab Spring on corporate governance and particularly shareholders activism and stewardship. The conference will also discuss the role of the state as an owner in this new environment, focusing on accountability of the state, the role of the state audit institutions and corporate governance codes specific to state-owned enterprises. The OECD will be releasing a pre-publication version of its regional book on corporate governance of state-owned enterprises, a first of its kind in the region. The final publication will be released in early 2012. Corporate governance research in the region is lacking, therefore a session on corporate governance research will provide an opportunity to discuss topics such as the value of corporate governance to shareholder value creation, the benefits of transparency and disclosure and remuneration and company performance. The last session will review how to create the right incentives, tackling the topics of listing requirements and second-tier markets, voluntary versus comply or explain codes, and regulatory impact analysis. Like every year, the conference will have a closing ceremony with concluding remarks and conference declaration. Hawkamah and the OECD have announced/will be announcing a number of initiatives. The list of speakers includes: Nasser Saidi (Hawkamah), Mr. Lies Kerrar (Algerian Corporate Governance Institute), Dr. Majdi Hasen (Institute of Arab Chefs de Entreprise, Tunisia), Dr. Hisham Awartana (Palestine Corporate Governance Institute), Mr. Wissam Adib (TCO Management Consultants), Ms. Alissa Amico, (OECD), Mr. Ahmad AL Ansari (Dubai World Central), Ms. Amina Benjelloun (Ministry of Economic and General Affairs, Morocco), Dr. Grant Kirkpatrick (OECD), Ms. Jahanara Ahmed (Hawkamah), Dr. Mohamed Melville (Cass Business School), Dr. Assem Saffieddine (Lebanese CFA Society), Mr. Yasser Akkaoui (Capital Concept), Dr. Shahira Abdel Shahid (Egyptian Stock Exchange), Mr. Chris Razook (IFC), Mr. Alexandar Williams (Dubai SMEs). The conference this year is sponsored by regional and international partners with a strong commitment to corporate governance. Sponsors of the conference include Du as the Exclusive Telecom Partner, Bank of Sharjah, Muscat Bank, Dubai World Central, Future Pipes Industries, Al Baraka Banking Group, ICSA, Dubal, Weil and Shelter. Media partners include the Financial Times, Executive Magazine, and CPI Financials.

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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