Hawkamah and The IMF Host Central Bank Governance Forum Focusing on Audit Oversight and Assurance Mechanisms
Hawkamah and The IMF Host Central Bank Governance Forum Focusing on Audit Oversight and Assurance Mechanisms
This website uses cookies in order to offer you the most relevant information. Please accept cookies for optimal performance. Find out more
Dubai, UAE - Hawkamah Institute for Corporate Governance with the International Monetary Fund (IMF) organized a 2-day high-level forum on central bank governance: audit oversight and assurance mechanisms at the DIFC Conference Center on 8-9 December 2014. Hawkamah and the IMF have brought together central bankers and auditors from 43 countries across the globe. This high-level forum was held to bring together central bankers and their auditors to discuss the core issues related to central bank governance, audit and risk management practices. The forum also provided a platform for a cross-regional dialogue and peer exchange on the evolving role of audit committees’ oversight, the increasing expectations of the assurance function of these committees, the interaction with, and role of, internal audit functions, and the importance of high quality external audit. Welcoming the delegates at the Forum, Dr. Ashraf Gamal, CEO of Hawkamah Institute for Corporate Governance said “Central Banks play a critical role in ensuring the stability of a country’s financial system, therefore, effective governance of Central Banks is of prime importance. In broad terms, effective governance of the Central Bank requires clearly defined objectives, due autonomy and authority, transparency, accountability and close alignment of objectives and incentives in order for it to carry out its functions and responsibilities. The Forum organized today provides a platform for the Central Bankers and Auditors across the globe to discuss and debate the aspects of Central Bank governance and leading governance, audit and assurance practices. Hawkamah is pleased to partner with the IMF on this occasion”. The discussions over the two days confirmed that effective governance should continue to be a high priority for central banks. Mr. Simon Bradbury, Chief Accountant at the IMF, said: "Audit committees play a key role in their oversight of the internal and external audit processes at central banks and the overall system of controls. They are an important enabler for maintaining strong controls and high quality assurance mechanisms at central banks and have a critical responsibility to ensure the central banks' boards and senior management take appropriate actions that support effective governance." Countries participating in this Forum included - Albania, Armenia, Bosnia and Herzegovina, Belarus, Cameroon, Cyprus, Djibouti, Eastern Caribbean, Gambia, Ghana, Greece, Germany, Haiti, Hungary, Ireland, Ivory Coast, Jordan, Kenya, Lesotho, Malawi, Madagascar, Moldova, Morocco, Mozambique, Mauritius, Poland, Romania, Rwanda, Senegal, Seychelles, South Sudan, Tajikistan, Tanzania, Tunisia, Uganda, USA, Ukraine, Yemen, Zambia, South Africa, Pakistan and UAE.


  • 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

Latest tweets

في إطار الجهود الحثيثة الداعمة لأهداف التنمية المستدامة في دولة الإمارات 2030 وخطة دبي الاستراتيجية . يشرف معهد حوك… twitter.com/i/web/status/1…
Hawkamah Institute is proud to support the work of the Dubai Sustainable Finance Working Group advance environment,… twitter.com/i/web/status/1…