MENA Private Equity Association and Hawkamah Focus on Advancing Corporate Governance in the Private Equity Sector
MENA Private Equity Association and Hawkamah Focus on Advancing Corporate Governance in the Private Equity Sector
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MENA Private Equity Association and Hawkamah Sign a Memorandum of Understanding involving the update of the first Hawkamah PE survey and the issuance of a policy brief Hawkamah Institute for Corporate Governance signed a Memorandum of Understanding (“MOU”) with the MENA Private Equity Association (“Association”) with the aim of advancing corporate governance within the Private Equity sector. One of the objectives of this collaboration is to re-assess the current governance practices in the private equity industry and build on it to produce a policy brief, which would be supplemented with tools and procedures for private equity stakeholders. Imad Ghandour, Co-founder of the Association said “Corporate governance helps growing businesses, and can have a significant impact on the quality of operations. The partnership with Hawkamah will help formalizing the standards of governance that private equity brings to the table to its investee companies. Invariably, well governed companies command higher premiums at exit.” Nick Nadal, Head of Hawkamah Institute for Corporate Governance commented: “We are pleased to partner with the MENA Private Equity Association, focusing on corporate governance practices in the private equity sector. One of the main challenges that the private sector currently face is to go beyond the existing regulation and focus on the implementation of corporate governance best practices to support the value creation process. This is the essence of what the Hawkamah – Association partnership is attempting to address.” As part of the MOU, Hawkamah and the Association commit to raise corporate governance awareness through a series of joint case studies, white papers, workshops and development program dedicated to the private equity sector for private equity managers and investee companies. Hawkamah will also offer its corporate governance expertise and services in assisting members of the Association in their efforts to strengthen their corporate governance practices and those of their investee companies, at all stages of the investment cycle from due diligence through to the exit. The MOU is part of the Hawkamah Private Equity Task Force, which aims to assist the PE Industry in the MENA region by developing corporate governance principles and practice guidelines. The task force has issued a survey assessing the corporate governance status in MENA PE industry and developed specific guidelines to be adopted by PE firms and their portfolio companies in MENA. The survey was carried out in consultation with the UNPRI.  PE firms from 7 countries including Bahrain, Egypt, Jordan, Kuwait, Saudi Arabia, UAE, and Tunisia participated in the survey. 4-s

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  • 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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