Arab banks continue their journey towards corporate governance excellence
Arab banks continue their journey towards corporate governance excellence
This website uses cookies in order to offer you the most relevant information. Please accept cookies for optimal performance. Find out more
Hawkamah launches the 7th Bank Corporate Governance Award as a regional initiative for all banking sectors in the Middle East and North Africa region, and welcome the submissions of Arab banks to the award till the 10th of May, 2013. The award launched in 2007 by the Institute for Corporate Governance "Hawkamah". Showcases Banks that have taken the extra steps necessary in improving their Corporate Governance practices, beyond the legal and regulatory requirements. Leonardo Peklar, the Chief Executive Officer of Hawkamah commented "As a recognition tool, the Bank Corporate Governance Award has been a growing success over the past 6 years, and Arab banks have embraced the importance of governance as a pillar in strengthening the economy and corporate performance. Year on year, we have seen the growing interest of participation from regional Arab banks in the awards." All participants must meet specific criteria in order to participate in the award, which are commitment to good Corporate Governance, structure and functioning of the Board of Directors, Control environment and processes, disclosure and transparency, shareholders and stakeholders rights. The process of choosing the winners starts with review of all the applications by a prominent independent jury panel of international corporate governance banking experts, shortlist the top five acquiescent banks, conduct one-on-one interviews with the finalists, and announce the winner at the Banker Middle East Industry Awards in the first week of June 2013. The 2013 Bank Corporate Governance Award international jury is comprised of: Mr. Charles Freeland, Retired Deputy Secretary General of the Basel Committee on Banking Supervision at the Bank for International Settlements in Basel, Switzerland. Prof. Andrew D. Chambers, the Specialist Advisor to the House of Lords’ Economic Affairs Select Committee’s Inquiry into Auditors. He has been a member of the UK FRC’s Auditing Practices Board (2006-9) and is Deputy Chair of Fédération des Experts Comptables Européen’s (FEE’s) Corporate Governance and Company Law standing Working Party (Brussels). Dr. Grant Kirkpatrick, Former Deputy Head of the Corporate Affairs Division of the Organisation for Economic Co-operation and Development (OECD) Directorate for Financial and Enterprise Affairs and Dr. Rainer Geiger, Professor of International Economic Law, and Ex -Senior Regional Advisor, Organisation for Economic Co-operation and Development (OECD). Dr. Grant Kirkpatrick said "The previous Hawkamah Corporate Governance Awards have shown that some banks in the region have good corporate governance systems but that others are lagging." Mr. Charles Freeland stressed the importance of the awards for the region by saying "These awards provide exactly the right incentives to improve banks’ due process and to promote robust checks and balances in the management of increasingly complex risks." Dr. Rainer Geiger added "The awards provide an opportunity for banks in the region to demonstrate their efforts in the search for excellence." In addition to the award process, all participants will receive a high level Corporate Governance Report benchmarking them against the industry average. Leonardo reiterated, "Winners are defining current best practices in the region and this will act as a catalyst for the entire sector to elevate their governance practices." He concluded by saying "Hawkamah stands ready to work with organizations in strengthening their corporate governance practices." For more info please visit


  • "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

Latest tweets