National Bank of Abu Dhabi recognized for Corporate Governance Leadership
National Bank of Abu Dhabi recognized for Corporate Governance Leadership
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The 2013 Hawkamah Bank Corporate Governance Award was awarded to National Bank of Abu Dhabi (NBAD) during the Banker Middle Eastate's Industry Awards held at the Jumeirah Emirates Tower Hotel on the 19th of June, 2013. In its sixth year, the Hawkamah Bank Corporate governance Award recognizes corporate governance leadership of regional banks. Hawkamah received applications from banks in 9 countries in the Middle East and North Africa, reinforcing the notion that implementing good corporate governance practices is on top of the region's banks' agenda. H.E. Hamad Buamim, Chairman of Hawkamah, stated during his speech, "The Bank Award recognizes and rewards corporate governance in action, it assesses how individual banks have adopted and applied best practice within their organizations. And as such, the Bank Award has played a key role in encouraging banks to adopt better practices. Through the power of recognition, the Awards have acted as a catalyst for further governance reform in the MENA. And over the years, we have seen year-on-year improvements in the banking sector in the region." The jury agrees that the five shortlisted banks exhibited significantly higher levels of corporate governance awareness than in previous years. The criteria on which the jury based its decision included not only the responses to an extensive questionnaire and in-depth interviews with senior staff but the high quality of the winner's Annual Report was also a key factor. This year's international jury panel comprised: 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: market concentration and their role. Andrew has been a member of the UK FRC's Auditing Practices Board (2006-9). He is Deputy Chair of Fedration des Experts Comptables European's (FEE's) Corporate Governance and Company Law standing Working Party (Brussels). Dr. Grant Kirkpatrick, 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). H.E. Hamad Buamim also added, "I would like to thank all of the jury members for their dedication, for providing their invaluable expertise and unbiased perspectives in judging the applications."

Testimonials

  • ‘’There was no doubt that once we communicate with Hawkamah for a workshop, we were sure that we will achieve our goals and get an added value. And thats what happened; we got a lot of positive feedback from participants which confirms the success of the company secretary 2 days workshop which took place in Manama – Bahrain as well as the fruitful feedback on the knowledgeable and insightful trainers and experts. We would be more than happy to have such cooperations in the future since we consider Hawkamah our patterner in success’’

    Faisal Al-Modlij - GM, Corporate Affairs and Governance - Sipchem KSA

  • "We extend our thanks and appreciation to Hawkamah institute for its cooperation and the effectiveness of the Director Development Program"

    Saeed Al Kaabi - Abu Dhabi Monitoring and Controlling Centre(ADMCC)

  • "The Director Development Program was very rich in useful information and added a lot to us, and the trainers’ experience, skills and capabilities had positive impact on delivering the information to us in a direct and clear manner"

    Hamad Al - Tamimi - Osool Asset Management

  • The corporate Governance in all type of entities adds morality and ensures implementation of the best practices to fulfill the responsibilities of those entities and to ensure the rights of all parties involved, especially those who have no authority to participate in the decision-making cycle.

    Hawkamah institute contributed to enrich the knowledge of these responsibilities and the role of governance for the success of institutional work in accordance with principles that establish values and ethics.

    Ajman Municipality

  • '‘Excellent, well delivered, informative program presented by well-seasoned trainers. The training program has helped transform and empower the Board’s vision and focus our minds on the relevant issues at hand. We sincerely thank you for the training sessions which helped broaden our perspective and decision making processes. We strongly recommend this training to elevate directors to the next level".

    Bank of Maldives

  • "I would like to thank Hawkamah for the ESG Reporting training , I found the two days ESG Reporting training very informative and helpful and I have definitely received some tools that I will use in my work"

    Rania Zaatari - Head of Makassed Communal Healthcare Bureau

  • "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

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