The full-day conference has been organised by Hawkamah - The Institute for Corporate Governance. Among the high-profile speakers participating in the Hawkamah conference are representatives from the World Bank, OECD and IFC. It forms part of DIFCweek, a week of headline conferences, lectures and seminars to be held at DIFC, November 17 - 23.
HE Dr Mohammed Khalfan bin Kharbash, UAE Minister of State for Finance and Industry, will give the opening keynote address.
He will highlight the importance of adopting the recent principles of management and structure in order to achieve a professional level of communication with international regulations, supporting the sustainable growth in the region.
The minister will present the UAE's experience in implementing the principles of corporate governance in business sectors, and the UAE's commitment to promote equality, transparency, fairness, accountability, and rule of law, as well as how these could help effectively in improving the economy, and reducing the crises caused by improper practice.
Dr Nasser Saidi, Executive Director of Hawkamah, said the conference aims to add value to businesses, economy growth, and corporate governance in the region in both theoretical and practical levels. This can be achieved through reviewing the most updated standards and business models around the globe.
He said: "Transparency in the region's financial markets is increasingly important as they become integrated with international markets.
"Hawkamah has contributed effectively in introducing measures to improve corporate governance in listed companies. And the next 18 months will see regulators and companies grappling with changing governance structures and board practices to comply with new corporate governance requirements," he added.
"As equity markets in the region mature and become increasingly integrated with the global economy, both domestic and foreign investors are demanding higher transparency and disclosure standards. Meanwhile, change is also being driven by the growing presence of international firms in the region," he explained.
Hawkamah was launched in February 2006 with the aim of advancing corporate governance practices in the Middle East, North Africa and Central Asia. As an autonomous association, Hawkamah is bringing together corporate governance practitioners, regulators and institutions to define and develop a home-grown - yet globally integrated - system of governance that promotes institution building, corporate sector reform, good governance, market development and increased investment and growth across the region.
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Dr Kharbash to speak at Hawkamah Conference on corporate governance
- United Arab Emirates: Wednesday, October 24 - 2007 at 15:38
- PRESS RELEASE
Transparency in financial markets and in the region's family businesses are the themes of this year's Hawkamah conference on corporate governance, to be held on November 21 at Dubai International Financial Centre (DIFC) as part of DIFCweek.
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Notes and media contacts
Appendix (1)Confirmed speakers include:
• HE Dr Mohammed Khalfan bin Kharbash, UAE Minister of State for Finance and Industry
• Dr Nasser Saidi, executive director, Hawkamah
• Rainer Geiger, deputy secretary general, OECD
• Philip Armstrong, head of Global Corporate Governance Forum
• Mahesh Uttamchandani, senior counsel for insolvency & creditor rights, The World Bank
• Hussain Al Qemzi, Group CEO of Noor Investment Group and CEO of Noor Islamic Bank
• Stuart Crocker, CEO Private Banking for UAE and Southern Gulf, HSBC
• Yousef Al-Essa, CEO, Addax Investment Bank
• Sebastian Molineus, corporate governance programme manager for IFC's Private Enterprise Partnership for the Middle East and North Africa
• Bill Foster, executive director, Hawkamah Institute of Directors
• Oussama Salman, company secretary and legal counsel, Oger Telecom
• Faisal Hoodbhoy, managing director, corporate finance & listings, DIFX
• Justin Connor, head of legal & regulatory and company secretary, Emirates International Telecommunications
• Aman Merchant, executive director, Dubai 9 Group
• Richard A Goldman, partner, Bingham McCutchen
• Dr Ayman Hashem, senior vice president - Strategic Management Centre, Savola Group
Appendix (2)
The timetable of events for DIFCweek is as follows:
Saturday November 17:
• DIFC Economic Forum on emerging markets, developed with the support of Economist Intelligence Unit.
• DIFC Lecture presented by Steven Levitt, the bestselling author of Freakonomics.
Sunday November 18:
• Islamic and Ethical Finance, in association with The Wall Street Journal
• DIFC Boutique Event on Contemporary Art Investment, presented by Michael Moses, co-creator of the Mei Moses Index, the industry benchmark for measuring art as an asset.
Monday November 19:
• The FT/DIFC World Financial Centres Summit (day 1)
• DIFC Boutique Event on Carbon Trading, presented by Rod Beckstrom, a board member of Environmental Defense.
Tuesday November 20:
• The FT/DIFC World Financial Centres Summit (day 2)
• The Gate Lecture presented by Jeffrey Sachs, economic advisor to the Secretary General of the United Nations.
Wednesday November 21:
• Hawkamah Conference on corporate governance
• DIFC Boutique Event on Human Capital, presented by Lynda Gratton, professor of management practice at London Business School.
Thursday November 22:
• Middle East Capital Markets Forum, in association with Institutional Investor.
Appendix (3)
About DIFCweek
DIFCweek, the first event of its kind in the Middle East, will focus on Financial Opportunities for the Third Millennium. The week of conferences will address every principal topic in the international financial arena, all viewed from a fresh perspective.
DIFCweek will present some of the world's most thought-provoking speakers, covering the challenges and opportunities in the world's current and emerging financial markets. Sharing in the debate will be hundreds of senior industry practitioners, corporate decision-makers and regulatory and government officials.
The week will turn the financial agenda on its head: it is not about what the industry is talking about today, but what it will be discussing tomorrow. For more information, go to www.difcweek.ae.
For a press pass or media enquiries please contact:
Kirstie Hepburn, tel +971 4 3622437.
For delegate information please email info@difcweek.ae or call the customer service team on +971 4 3622438.
About DIFC
The Dubai International Financial Centre (DIFC), the world's newest global financial hub, was declared open for business on in 2004. The DIFC is ideally located to bridge the gap between existing financial centres of London and New York in the West and Hong Kong and Tokyo in the East. It services a region with the largest untapped emerging market for financial services. The vision of the DIFC is to shape tomorrow's financial map as a global gateway for capital and investment. Its mission is to be a catalyst for regional economic growth, development and diversification by positioning the DIFC as a globally recognised financial centre.
Posted by Lara Lynn Golden, News EditorWednesday, October 24 - 2007 at 15:38 UAE local time (GMT+4)
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