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This meeting in Cairo, Egypt on May 18, 2006, led by Dr. Nasser Saidi, Executive Director of Hawkamah ICG DIFC, discusses the mission, vision, strategy, and programmes of the MENA-OECD Investment Programme. It also explores the Hawkamah Institute of Directors, regional CG survey, and strategic partnerships.
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MENA-OECD Investment ProgrammeSteering Group MeetingMay 18, 2006Cairo, Egypt Dr. Nasser Saidi Executive Director Hawkamah ICG DIFC
AGENDA • Mission and Vision • Strategy & Programmes • Organisational Structure • Memberships and Sponsorships • Hawkamah Institute of Directors • Regional CG Survey • Strategic Partners
Mission and Vision • ‘Bridge the CG gap’ • Assist the countries and companies of the region in developing sound and globally well integrated CG frameworks: • Assist in coordinating and sequencing the design and implementation of CG reforms • Monitor the outcomes of CG policies at the public and private sector level. • “Hawkamah-ICG will serve as a platform for regional co-operation, based on a concrete agenda for measurable and time-bound action, aiming to raise awareness of national, regional and global initiatives and build a coalition for reform”, Joint Declaration OECD-UAE, 2005.
Hawkamah Institute for Corporate Governance • First Institute of its kind in the region • An international association, hosted by the Dubai International Financial Centre (DIFC), and serving the MENA countries, Central Asia and beyond • Premises in DIFC to be ready by October 2006 to host Hawkamah ICG and Hawkamah Institute of Directors (HIoD) as well as academic institutions • Financially self-sustaining organisation with income from memberships, consultation, training, in addition to grants & sponsorship
Hawkamah Institute for Corporate Governance • Strengthen institutional and capacity building by setting up the regional Hawkamah Institute of Directors. • Source of CG technical assistance, monitoring, analysis, research, consultation and reform. • Foster communication and policy dialogue on CG • Develop home-grown CG frameworks working with national task forces • Natural bridge and intermediary for institutions promoting CG in the region
Strategy & Programmes Focal Point 1 Focal Point 2 Focal Point 3 Focal Point 4 Knowledge Exchange Platform Technical Assistance Analysis & Research Communication & Policy Dialogue Institution & Capacity Building
Targeted Sectors • Listed Companies, Capital Markets & Regulatory Authorities • Banks, Financial Institutions, Central Banks & Supervisory Authorities • Non-listed companies – Family-Owned Enterprises (FOEs) & Small and Medium Enterprises (SMEs) • Public Sector – State-Owned Enterprises (SOEs) • Media – Academia: Raising Awareness, Building Capacity & conducting research on CG
AGENDA • Mission and Vision • Strategy & Programmes • Organisational Structure • Memberships and Sponsorships • Hawkamah Institute of Directors • Regional CG Survey • Strategic Partners
Organisational Structure Structure: • Board, • Executive, • Investment advisory group, • Scientific/expert advisory group • Board Committees • Executive Committee Legal Committee • Membership Committee Activities Committee • Corporate Governance Review Committee Funding Committee • Research & Publications Committee Awards Committee • Media and Communications Committee Membership Structure Corporate Educational Institution Individual Academic/Research
AGENDA • Mission and Vision • Strategy & Programmes • Organisational Structure • Memberships and Sponsorships • Hawkamah Institute of Directors • Regional CG Survey • Strategic Partners
AGENDA • Mission and Vision • Strategy & Programmes • Organisational Structure • Memberships and Sponsorships • Hawkamah Institute of Directors • Regional CG Survey • Strategic Partners
Hawkamah Institute of Directors Open to directors of private and public sector companies, entrepreneurs of start-up companies, and corporate officers responsible for the strategic direction of a business organization. Services offered include: • Training and certification program • Executive coaching • Workshops, seminars and conferences • Financial planning and consultancy services • Affinity programs such as personal loans, liability insurance coverage, etc. • Link & Membership in affiliated IoDs • Access to members only lounges and facilities
AGENDA • Mission and Vision • Strategy & Programmes • Organisational Structure • Memberships and Sponsorships • Hawkamah Institute of Directors • Regional CG Survey • Strategic Partners
Regional Corporate Governance Survey of Banks and Listed Companies • Joint survey with IFC • Flagship annual publication on state of corporate governance in the region, with country chapters • Develop and produce with national CG task forces • Formal presentation at an International CG conference with focus CG in banks and financial institutions in Dubai on November 28-29, 2006
Developing Activities in two major areas: • Developing Insolvency frameworks for the countries of the region • Developing focus on IT Governance as part of CG
Regional Corporate Governance Survey of Banks and Listed Companies - Focus • CG framework and practices • Board composition, roles and responsibilities • Effectiveness of boards • Shareholder rights and functions • Transparency, disclosure, control and audit • CG issues in banking sector and family businesses
Regional Survey of Banks and Listed Companies - Target • One-on-one interviews CEOs/CFOs/Board Members • 320+ companies • 11 countries: Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Saudi Arabia, UAE, Tunisia, West Bank
AGENDA • Mission and Vision • Strategy & Programmes • Organisational Structure • Memberships and Sponsorships • Hawkamah Institute of Directors • Regional CG Survey • Strategic Partners
Strategic Partners Hawkamah is partnering with: • OECD * • WB-IFC * • WB Global Corporate Governance Forum • Union of Arab Banks * • Center for International Private Enterprise* • DSG, IMD, YAL • Central Banks, Bank Supervisory Authorities & Bank Associations • Capital Market Authorities, Stock Exchanges, Market Professional Associations & SROs • International & Regional organizations • Countries participating in the MENA-OECD Investment Program • CG centers, universities
Role of Strategic Partners • Provide technical assistance and advisory services related to institutional and human resource capacity building in corporate sector reform and governance • Establish sustained dialogue with regional and international organizations specialized in corporate governance • Provide funding for various Corporate Governance Programmes and Projects • Organize seminars, workshops, forums, and conferences dedicated to issues of corporate governance in the region and the world • Conduct research and surveys on corporate governance in the region and means of enhancement
Hawkamah BUILDING INSTITUTIONS FOR THE MENA REGION www.hawkamah.org Hawkamah Institute for Corporate Governance DIFC, The Gate Level 14 T: +9714-362-2222 F: +9714-362-3333 E: info@hawkamah.org