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Monday, November 23 - 2009

Standard Chartered Private Bank to host Corporate Governance forum in DIFC

  • United Arab Emirates: Monday, November 03 - 2008 at 16:07
  • PRESS RELEASE

The Standard Chartered Private Bank, in collaboration with Mudara Institute of Directors (IOD), is holding a high profile forum on Corporate Governance and the importance of Directorship.

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Chief Economist of DIFC, Dr. Nasser Saidi, will be moderating the forum with speakers Marios Maratheftis, Regional Head of Research for the Middle East, North Africa and Pakistan, Standard Chartered Bank and Bill Foster, Executive Director Mudara Institute of Directors. The forum, taking place today November 4, will provide a platform to discuss the business competitiveness of UAE as well as the importance of Corporate Governance.

Osama T. Al-Ghoussein, Head of The Standard Chartered Private Bank for the Middle East, said:
"At Standard Chartered we believe good corporate governance is critical in the provision of building a profitable, sustainable business and in obtaining and maintaining trust of all stakeholders. Our collaboration with Mudara reflects our aim to cultivate strong corporate governance, which is consistent with elevating the country and region's attractiveness to international investors, and facilitating a framework for continued growth."


Khalid M. Al Suwaidi, CEO of Mudara IOD, said: "The widespread adoption of corporate governance is vital for ensuring the economic sustainability of the region. It is encouraging that the key elements of good corporate governance at the director level, such as transparency, equality, fairness and accountability, are increasingly being integrated into the business policies and processes of companies in the region. We are very happy to partner with Standard Chartered to conduct this Forum, which will further reinforce the importance of corporate governance and good directorship in the region's corporate sector."
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About The Standard Chartered Private Bank:

The Standard Chartered Private Bank's heritage stems from over 150 years of international banking excellence that is the Standard Chartered Bank.

The Standard Chartered Private Bank works with clients and their families to understand not just their financial goals but also their fundamental beliefs and values. By offering true open architecture and best of breed products as well as delivering first-class service for the daily banking needs of its clients, The Standard Chartered Private Bank is ideally placed to help clients achieve what they want from their wealth.

We draw on the strength of the Standard Chartered Bank network to deliver a portfolio that is truly personal to the individual. Our clients benefit from a broad array of specialised products and services that can better meet complex needs as their wealth grows, ranging from margin trading, complex credit solutions, structured products, commodities and estate planning, to a wide range of investment products including mutual funds and discretionary portfolios, to the transactional deposits and savings accounts.

About Standard Chartered:

Standard Chartered PLC, listed on both London and Hong Kong stock exchanges, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and profits have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.

Standard Chartered aspires to be the best international bank for its customers across its markets. The Bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, generated from its Wholesale and Consumer Banking businesses. The Group has around 1,750 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.

Leading by example to be the right partner for its stakeholders, the Group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. It employs 75,000 people, nearly half of whom are women. The Group's employees are of 115 nationalities, of which 60 are represented among senior management.

About Mudara - The Institute of Directors (IOD):

Mudara - The Institute of Directors (IOD) was established by DIFC in February 2008 to facilitate professional development through education, networking and services to its members.

The organisation, a representative body for directors and professionals in leading corporations in the MENA region, aims to make a positive contribution to the performance of local enterprises and economies.

Mudara - The Institute of Directors will provide accredited education programmes for private and public company directors and its events will allow senior managers to share their skills and knowledge with a wide group of young leaders.

Institute members will benefit from the experience and expertise of a network of IOD branches and partnerships with recognised affiliate organisations.

Its vision is to be the region's leading international best practice professional membership organisation for directors.

For further information please contact:

Noura Gwanny
Corporate Affairs
Standard Chartered
Direct +9714 5082250
Fax +9714 3696929

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