Group Companies

Corporate governance in group companies, or “subsidiary governance”, is emerging as one of the key topics in the theory and practice of corporate governance. Much has been written about the application of good corporate governance at the helm of an organization. The reality is that corporate governance challenges are far wider and more complex in most corporations with subsidiary networks. It is no longer sufficient to view corporate governance as simply the way in which the board at headquarters operates. Subsidiaries are a common feature of modern-day business structures, as corporations operate across multiple jurisdictions and business areas. Recent scandals, such as the BP oil spill in the Gulf of Mexico, clearly demonstrate that if subsidiary governance is not adequately addressed, it can have a disproportionate impact on the group as a whole.

In simple terms, subsidiary governance relates to how corporate governance principles can be cascaded, consistently and effectively, down to the level of subsidiaries. It is also about balancing group business objectives while recognizing the independence of subsidiaries.

Hawkamah Services For Group Companies:

Benchmarking and gap analysis of corporate governance practices Board Evaluation Developing overall corporate governance frameworks Drafting of a corporate governance manual with key policies Formulating corporate governance development plans Implementation support Training

Testimonials

  • 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
  • Director Development Program was invaluable learning experience for me which has elevated my knowledge and broaden my understanding mainly on the corporate governance practices and board of directors role. It has addressed the main concepts from theoretical and practical perspectives. The material is comprehensive and provides the key information of the different aspects of the course. I strongly recommend the program for individuals who play role in corporate governance and seek to enrich their knowledge of companies’ board of directors.

    Sumaya Alshaer - Acting Head of Strategy & Corporate Governance - DUBAI SOUTH
  • The Director Development Program is being run with an effective balance between theory presented by knowledgeable staff and interactive discussions among the participants. This makes it into a recommendable program for aspiring and existing Board Members alike to get up to date on Corporate Governance as relevant for our GCC Region.

    Johan H. Brand – Owner – Johan Brand Leadership Advisory DWC – LLC
  • My favorite part of the DDP program is that it teaches you more than academics. It gives you insights on the skills you need as a board member.

    Noora Mahfouth A Mohd Alshehhi - Manager- Contract Review Audit - Dubai Electricity & Water Authority
  • The program was a great opportunity for me to learn about best practices of governance and board dynamics both globally and locally. Having diverse and experienced colleagues brought new and different   perspectives that added value.

    Majid Al Mail - Senior Manager & Head of INNOVATOR Program - Abu Dhabi Technology Development Committee (TDC)
  • Building corporate governance capability is vital for board members, and eventually can help create financially healthier businesses, and more sustainable over the long term. I encourage all seniors to look beyond traditional forms of governance and explore new techniques and patterns that “Hawkamah” has tailored for its unique associates. PDD program has given us the horizon to use these tools on real business cases and prepare us to set in board meetings with self-confidence and sensibility.

    Ekram Al-Yacoub - Saudi Business Analyst and Columnist
  • The DDP course striked the right balances between academic governance literature, class discussion, and trainer background. This was a great course to get more depth in governance with discussions on regional case studies drawn from Hawkamah, class Trainers, or Participants.

    Jasem Alawadhi - Manager CTO - Commercial Bank of Dubai
  • The Directorship Development Program (DDP) provides a structured overview of the skills and responsibilities required by the board member.  The material is interesting and comprehensive in nature, yet practical and immediately implementable.  The instructors add practical insight into the topics, and the diversity of the attendance provides multiple viewpoints.  This program is highly recommended for individuals looking for a structured framework to develop skills instrumental for serving boards.

    Nathalie Sfeir Bsaibes - Legal Consultant - MEG Legal Services
  • I thoroughly enjoyed Mudara’s Director Development Programme and found it to be very beneficial. The content was both well-structured and comprehensive, providing us with an in depth view of global best practices and arming us with the necessary skills to effectively disburse our duties. I highly recommend it for all current and aspiring board members.

    Omar Al Shunnar - Chief Executive Officer - Majid Al Futtaim Healthcar
  • An excellent course, and highly recommended for all Board Members.

    Abdulqader Obaid Ali, Director

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