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 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

  • The breakfast meetings organised by Hawkamah provide attendees with a great opportunity to meet with peers from leading organisations and exchange ideas on current issues and challenges. A strong panel of industry experts discussing the challenges from different perspectives on ‘How to get the board more engaged’ was most insightful and engaging with enthusiastic audience participation especially in matters regarding diversity and quality of information that is  presented to the board for effective decision making. I look forward to more such events that are organised by Hawkamah

    Sunil Edwards- Group Head of Internal Audit  - Bank of Sharjah

  • The power breakfast on board engagement organized by Hawkamah in collaboration with Diligent was a successful event, very insightful and informative and well organized

    Mostafa Ibrahim Abdeltawab - Tax Agent & Consultant  - Skylines Tax Consultancy

  • There is absolutely no doubt that Hawkamah – as always – has done unmatchable effort in producing its most recent valuable report in association with Diligent about Board Best Practices in the MENA. The discussions that took place in the “Power Breakfast” was so important and insightful; the influx of questions by the quality participants and the valuable answers of the quality panelists is a clear proof of Hawkamah continued success in such events. 

    Yasser Al Dabach – Board Secretary – Ghobash Trading & Investment Group

  • The technical knowledge, insights, case studies and learning provided by the ‘Director Development Program’ are very useful and effective in framing the strategic planning, implementation and delivery phases of growth plans in the difficult economic and geo-political times that we are operating in.

    Hisham Dimashki – CEO - BAP LLC – (associated with GM Trading Companies - Washington DC)

  • 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

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