At the 2019 conference \u2013 \u2018Towards Sound Corporate Governance and Sustainable Growth: Strengthening the Role of Companies in Society\u2019 \u2013 experts from around the world will gather at the <\/span>Armani Hotel <\/span>to explore how different countries are approaching governance challenges, with a special emphasis on large, non-listed companies. They will also look at the ways in which good corporate governance practices support sustainable growth in the face of rapid change and growing economic pressures. <\/span><\/p>\n The conference will also address whether the region is unique or similar to other markets that have companies with similar corporate structures, and how regional organisations can adopt good international practices given the region\u2019s structural, institutional and cultural challenges. <\/span><\/p>\n In 2018, Dubai-based Hawkamah and ICSA signed a Memorandum of Understanding agreeing to jointly highlight emerging governance trends in the region and to promote the best governance practices across the Middle East and North Africa (MENA).<\/span><\/p>\n Dr Ahmad Al Shaikh, Chairman of Hawkamah, explained, \u201cIn 2019, the annual conference will focus on sustainability and the region\u2019s unique corporate structures. Governance can determine whether a company\u2019s success and profits are sustainable or heavily dependent on external variables such as a booming economy.\u201d <\/span><\/p>\n Dr Al Shaikh added, \u201c<\/span>Good corporate governance is essential to the region\u2019s financial and economic development. <\/span>According to the S&P\/Hawkamah ESG Pan Arab Index, good governance practices are associated with better stock performance and higher returns on investment (ROI). Non-listed companies can also benefit from good governance in terms of better access to finance, higher profits and sustainable growth.\u201d<\/span><\/p>\n This is a time of significant change in the region\u2019s corporate sector; big mergers have been announced and state-owned companies are exploring the possibility of going public. Topics that will be covered at the annual conference include balancing the conflicting interests of shareholders, and the risks associated with technological advancements and disruptive forces in the business, economic and financial landscape.<\/span><\/p>\n Simon Osborne, Chief Executive of ICSA, said, \u201cI am delighted that our<\/span> two organisations are collaborating to promote corporate governance frameworks and practices in the UAE and the MENA region. <\/span>Good governance is essential to encouraging investment in the region.<\/span>\u201d<\/span><\/p>\n Hawkamah was established in 2006 to help to bridge the corporate governance gap in the region. The Institute provides the region’s companies and boards with practical tools to improve corporate governance, engages governments and industry, conducts surveys and studies, and creates regional benchmarks.<\/span><\/p>\n ICSA: The Governance Institute is the professional body for governance. With members in all sectors, ICSA is required by its Royal Charter to lead \u2018effective governance and efficient administration of commerce, industry and public affairs\u2019. With over 125 years\u2019 experience, ICSA works with regulators and policy makers to champion high standards of governance and provide qualifications, training and guidance.<\/span><\/p>\n The speakers, moderators and panellists\u00a0at the conference will include\u00a0<\/span>Hamid bin Sultan Al Busaidi, Executive Director of the Oman Center for Governance and Sustainability; <\/span>\u00a0Dr Stephen Davis, Senior Fellow of the Harvard Law School and Associate Director of Harvard Law School Program on Corporate Governance; Dr Yuen Teen Mak, Associate Professor of Accounting at the National University of Singapore; Ritva Kassis, Company Secretary, FCIS; Sonya Janahi, Board Member of Bahrain Chamber of Commerce and Industry; Vanessa Eastham Fisk, an Independent Non-Executive Director;\u00a0Bryan Stirewalt, Chief Executive of the Dubai Financial Services Authority;\u00a0Dr Obaid Saif Al Zaabi, CEO of the Securities and Commodities Authority (UAE);\u00a0Simon Osborne, Chief Executive of ICSA;\u00a0Peter Montagnon, Associate Director\u00a0at\u00a0the Institute of Business Ethics (UK); Dr Ahmad Al\u00a0Shaikh,\u00a0Board Chairman of Hawkamah; Imad Makhzoumi, Group Chief Strategy Officer, Future Group Holdings;\u00a0Dr Waddah Al Hashmi, Senior Director for Sustainability, Operational and Business Excellence for the ENOC Group; Fahima Bastaki, Executive Vice President and Head of Business Development, Dubai Financial Markets; Chris Hodge, Director of Governance\u00a0Perspectives\u00a0Ltd;\u00a0Peter Swabey, Policy and Research Director\u00a0at\u00a0ICSA;\u00a0Maged Shawky Sourial, Vice Chairman, Beltone Financial Holding;\u00a0Raja Al Mazrouei, Executive Vice President of FinTech Hive;\u00a0Dr\u00a0Ashraf Gamal El Din, CEO of Hawkamah;\u00a0Huda Buhumaid, Group Chief Marketing\u00a0Officer at Dubai Holding; Hans Christiansen, Senior Economist<\/span>\u00a0<\/span>at the Organisation for Economic Co-operation and Development (OECD);\u00a0HE Sheikh Hussein Al Banawi, Chairman of The Industrial Group, KSA;\u00a0Rima Al Masri, Chief Operating Officer and Corporate Secretary, Bahrain Mumtalakat; John Chrisman, Senior Partner, Clyde & Co.; and Dr Sarper Tanli, Group CEO, Manzil Healthcare Services.<\/span><\/p>\n About Hawkamah<\/b><\/p>\n Since its establishment in 2006, the Hawkamah Institute for Corporate Governance has led the way to better corporate governance in the Middle East and Africa. <\/span><\/p>\n The Institute was originally founded as a \u2018think-and-do tank\u2019 to research, advocate, advance and develop good corporate governance practices in the region by providing regulators, companies and organisations with practical tools to improve corporate governance. Corporate governance refers to the mechanisms and processes that a company\u2019s leadership employs to guide the organisation. Hawkamah\u2019s mission is to promote corporate sector reform and good governance by assisting regional countries and companies with the process of developing and implementing good and sustainable corporate governance policies, strategies and practices that enhance value creation. \u00a0\u00a0<\/span><\/p>\n <\/p>\n About <\/b>ICSA: The Governance Institute <\/b><\/p>\n ICSA: The Governance Institute is the professional body for governance. We have members in all sectors and are required by our Royal Charter to lead \u2018effective governance and efficient administration of commerce, industry and public affairs\u2019. With over 125 years\u2019 experience, we work with regulators and policy makers to champion high standards of governance and provide qualifications, training and guidance.<\/span><\/p>\n *Source: <\/b>AETOSWire<\/b><\/p>\n shaheennews – Hawkamah, The Institute for Corporate Governance, will hold its thirteenth annual conference in Dubai on April 25, 2019 in partnership with ICSA: The Governance Institute, the professional body for governance in the UK, Republic of Ireland and Associated Territories, Channel Islands and the Isle of Man. At the 2019 conference \u2013 \u2018Towards Sound …<\/p>\n","protected":false},"author":2,"featured_media":4213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-4211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arab-and-international"],"yoast_head":"\n![\"\"](\"https:\/\/shahennews.com\/eng\/wp-content\/uploads\/2019\/04\/Hawkamah-and-ICSA-to-Emphasise-the-Impact-of-Corporate-Governance-on-Sustainability_1555318209-1-300x200.jpg\")
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