Hawkamah and UAB announce the 2008 Hawkamah - UAB Bank CG Award

Notes and media contacts

HAWKAMAH - THE INSTITUTE FOR CORPORATE GOVERNANCE:
Hawkamah, the Institute for Corporate Governance is an international association of corporate governance practitioners, regulators and institutions whose primary mandate is to develop corporate governance best practices in the Middle East region. Launched in February 2006, Hawkamah is working to create a system of governance that promotes institution building, corporate sector reform, good governance, market development and increased investment and growth across the region.

The Institute aims to foster investor confidence through the development of efficient financial markets and banking systems, and to help shape the changing corporate governance landscape in the MENA region.

The annual Hawkamah conference focuses on the key issues such as corporate governance, international trends to serve financial market stability, family governance and equity market.

The inaugural conference brought together over 300 market players from across the region and issued the Dubai Declaration which charted the corporate governance agenda for the Middle East and North Africa.

Hawkamah was established in partnership with the Dubai International Financial Centre (DIFC), Organisation for Economic Cooperation and Development (OECD), UAE Ministry of Finance and Industry, Centre for International Private Enterprise (CIPE), International Finance Corporation (IFC), the Union of Arab Banks (UAB), Dubai School of Government (DSG), Young Arab Leaders (YAL), and the Institute of Management Development (IMD). The name Hawkamah combines three Arabic words: 'Hukuma' (government), 'Hukm' (judgement) and 'Hikmah' (wisdom).