Bank of Sharjah Group Staying on Top of Corporate Governance Developments
Bank of Sharjah Group Staying on Top of Corporate Governance Developments
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Hawkamah Institute for Corporate Governance briefed the Boards of Bank of Sharjah and its subsidiary, Emirates Lebanon Bank on global and regional corporate governance developments last week. The half-day event, designed specifically for Bank of Sharjah Group, focused on corporate governance regulatory developments; emerging trends and discussions on board effectiveness as well as risk oversight to further enhance the Group’s corporate governance development. Bank of Sharjah has always been committed to achieving a high level of governance. Ethical and responsible business practice has been embedded in the Bank’s culture since its inception in 1973. Part of the mission of Bank of Sharjah is to achieve strong and sustainable performance for its shareholders and so organizing a Director Development Programme for all Board members across the Group ensures Directors are clear on how to achieve this through a greater understanding of corporate governance. Sheikh Mohammed Bin Saud Al Qasimi, Vice-Chairman of Bank of Sharjah and Bank of Sharjah representative on the Emirates Lebanon Bank Board recognized the value of such a session: “Both Bank of Sharjah and Emirates Lebanon Bank have a strong focus on Corporate Governance at Board level, we have Board Corporate Governance Committees dedicated to the development and oversight of this fundamental area. Our governance practices have always been tight and our Boards effective, however, it is vital that we, as Directors, stay informed of the latest developments and ensure that we continue to develop corporate governance in line with best practice. Therefore, organizing this session and dedicating time to it was important to the Boards of both Bank of Sharjah and Emirates Lebanon Bank” “We applaud the board of Bank of Sharjah for their commitment to stay abreast of corporate governance developments through this board briefing. Hawkamah’s recent engagements are highlighting a growing demand from corporate boards in the region to learn more about recent corporate governance thinking and what these boards can do to steer their companies in the right direction, ” said Nick Nadal, Director of Hawkamah Institute for Corporate Governance. Hawkamah and its sister-institute Mudara Institute of Directors work with bank and corporate boards to bridge the corporate governance gap in the region through director development programmes, corporate and board assessments, recognition programmes, and engagement in policy task forces.

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    David Haglund - Senior Executive Director and Portfolio Manager of the Templeton Frontier and MENA Market strategies

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    Shady Rashed - Senior Economic Researcher at The Ministry of International Cooperation of Egypt

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    Fida Kanaan – Director – Executive education  OSB AUB

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    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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