Central Bank Leadership Debates Emerging Issues in Governance, Oversight, and Controls
Central Bank Leadership Debates Emerging Issues in Governance, Oversight, and Controls
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March 12, 2018

Dubai, UAE - Hawkamah -the Institute for Corporate Governance, and the International Monetary Fund (IMF) brought together over 100 central bank officials and their audit partners from 60 countries in the Middle East, Africa, Central Asia, South Pacific, Europe, and North America to share experiences and address pressing governance issues affecting central banks at the two and a half day Central Bank Governance Forum held in Dubai.

The fourth Central Bank Governance Forum, jointly organised by Hawkamah and the IMF, focused on board management and oversight, enterprise-wide risk management, and the changing role of the legal departments and internal auditing. Speakers and panelists highlighted the differences in approaches of central banks all over the world, and shared their insights on fintech, the expanding risk landscape, and the International Financial Reporting Standards requirements (IFRS 9). 

Previous forums have covered a wide range of timely issues and topics impacting central bank officials such as risk management, external audit oversight, assurance mechanisms, and checks and balances.

Simon Bradbury, Chief Accountant of the IMF said: The Forum provided an excellent opportunity for the participants to exchange knowledge and experiences on governance arrangements, and the increasing expectations on risk management and internal audit practices. The active engagement and enthusiasm of the group highlighted how these are really pressing issues for central bank leadership in today’s evolving environment.

H.E. Hamad Buamim, Chairman of the Board at Hawkamah and board member of Dubai International Financial Centre Authority said: “The financial sector continues to evolve rapidly, and central banks have realised that they need to adapt quickly, rethink their approach to governance and form new strategies that ensure financial stability and effectively manage new risks.  Organisations need to remain vigilant in light of technological transformation and business model disruptions that characterise today’s competitive and fast-changing business environment.”  

H.E. Buamim stressed the importance of organising events like the Central Bank Governance Forum, as they provide a powerful platform for central bank officials and key decision makers to collaborate and develop effective solutions to new challenges. He added that Dubai was an ideal place to host the forum, adding that the event strengthened Dubai’s profile as a leading financial hub for the Middle East and North Africa region.


  • 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

  • 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

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