Venture Capital Bank conducts a strategic workshop for its Board of Directors

Topics discussed at the workshop included; Best Practices in Risk Mitigation and Risk Monitoring in Current Times; Strategic Impact of the Current Situation; Competitor Awareness and Strategic Challenges in Turbulent Times and Current Strategic Shifts.

The workshop was coordinated with IMD, a leading world know business school from Switzerland. Program Facilitator was Didier Cossin, Professor of Banking and Finance at IMD. His areas of interest are risk assessment, pricing, and management; financial structuring; and the application of advanced techniques. Professor Cossin holds a PhD in Business Economics from Harvard University and is a former visiting scholar at the Department of Economics, Massachusetts Institute of Technology (USA).

Dr. Ghassan Ahmed Al-Sulaiman, Chairman VCBank, said:

"The objective of this workshop is twofold: first, to strengthen board members capabilities through the sharing of best practices and pragmatic experiences and, second, to create a high awareness among board members toward the current global financial crisis and possible implications on the bank. Moreover, this workshop comes as a part of VCBank's Corporate Governance requirements. Sound corporate governance is a competitive differentiator for companies internationally especially in these difficult economic times."

From his side Mr. Abdullatif Mohammed Janahi, Board Member and Chief Executive Officer, said "To build lasting competitive strengths and achieve superior business performance, it is important for key position holders to understand the issues. The issues are many and varied, and building a common understanding and finding the right solutions requires dialogue".