Jun 05 2011
|more articles from|
SABIC Hosts Tenth GCC Board Directors Institute Workshop
This is the tenth in a series of workshops conducted by BDI and the second hosted by SABIC . The workshop will be attended by senior directors from leading corporate entities and institutions in the region, including Saudi Telecom, Maaden and Investcorp. Participants will hear from faculty members of leading advisory institutions on building board members' capabilities, and will have the opportunity to engage in extensive peer discussion.
Dr. Henry Azzam, Chairman of Deutsche Bank, MENA region, will address a group of over 100 attendees during the sixth BDI Alumni Dinner that will take place on 7th June and Mutlaq Al- Morished, Executive Vice President, Corporate Finance, SABIC , will present at the opening dinner on 6th June. The BDI has 195 alumni who are members of the boards of different companies across the GCC.
Dr. Abdullah Al-Abdulgader, Founding Executive Director, BDI, said: "We are very grateful to SABIC for their continuous support and contribution to helping us in promoting professional directorship and raising the level of board effectiveness in the region. With GCC economies coping with the aftermath of the financial crisis, the interest of GCC corporations and regulators in corporate governance has renewed. We are very happy to have leading companies such as SABIC working with us in leading the way in reaching board effectiveness."
About the GCC Board of Directors Institute
The GCC Board Directors Institute (BDI) was launched in 2007 by a group of large corporations and professional advisory firms with the explicit goal to support better corporate governance primarily through building board members' capabilities.
BDI was set-up as a not-for-profit institution with the objective of making a positive impact on the economies and societies of the region by promoting professional directorship and raising the level of board effectiveness. Its principle objectives are:
- To build GCC board member capabilities and enhance their understanding of best practice board governance;
- To create a regional network of board members;
- To forge links between GCC board members and their international counterparts;
- To create a forum for discussion on regional governance issues amongst the business community, thereby placing corporate governance higher on the region's agenda.
BDI has delivered nine workshops so far that have gathered over 160 senior board members representing over 350 boards of major GCC companies. BDI now counts over 200 members from the GCC region who have gained access to a wide network of other regional board directors and business leaders through the Institute.
In March 2011, BDI published its second biennial report on board effectiveness that measures the improvements made by boards in the GCC since the first report and assesses the impact of the financial crisis on the implementation of best board governance practices in the region. The first report, published in early 2009, 'Building Better Boards' was the first study of its kind in the GCC.
For more information on BDI or to attend an upcoming workshop, please visit the Institute's website at: www.gccbdi.org or contact the Institute directly at +971 (04) 409 4594.
GCC Board Directors Institute
Khamael Al Safi
+971 56 746 32 62
© Press Release 2011
© Copyright Zawya. All Rights Reserved.
- What's in a name? U.S. starts using Myanmar as well as Burma
- Marijuana waste helps turn pot-eating pigs into tasty pork roast
- Man climbs onto dome of St Peter's to protest Italian politics
- Prague metro plans to launch love train for singles
- Powerball jackpot grows to a record $600 million
- There's More