Hawkamah Institute for Corporate Governance

Hawkamah backs board gender plan

Leonardo Peklar, the new chief executive of Hawkamah Institute for Corporate Governance, is planning an initiative to encourage regional companies to appoint more women to their boards. He hopes to invite female board members from global multinationals to the GCC region to extol the virtues of women business leaders. Currently, only 1.5 per cent of board seats in the GCC are held by women, according to Hawkamah statistics. Another priority for Mr Peklar is the issue of reforming the way the region's mainly family-owned businesses are run. Banks and Islamic finance and private equity were other sectors he planned to focus on improving corporate governance.

Index will tally women on corporate boards

A new index will track the number of women on the boards of publicly listed companies across the region. The Arabian Gulf chapter of Women Corporate Directors will partner with the Dubai-based Hawkamah Institute for Corporate Governance to produce the measure. The index will help to identify organisations committed to promoting women to top executive and boardroom positions as well as gaps in corporate representation. Currently, only 1.5 per cent of board seats in the GCC are held by women. In December, Sheikh Mohammed bin Rashid, had announced that it would become compulsory for every government company in the UAE to have a female board member.

Hawkamah investigates policy impact of insolvency, restructuring

The second Hawkamah MENA judicial and financial colloquium started on the 5th of December at the Dubai International Financial Centre (DIFC). The event lasts for two days and is being held by Hawkamah, the Institute for Corporate Governance in partnership with the Abu Dhabi Council for Economic Development (ADCED), DIFC Courts, Dubai Judicial Institute, European Bank For Reconstruction and Development, ICAEW Middle East, INSOL International and The World Bank Group. Key topics of the colloquium are the legal, financial and policy dimensions of insolvency and restructuring. The discussions include case studies on restructuring and panel discussions on insolvency law reforms.

MENA Private Equity Association and Hawkamah focus on advancing corporate governance

MENA Private Equity Association will collaborate with the Hawkamah Institute for Corporate Governance in order to advancing corporate governance within the Private Equity sector. The main scope of the cooperation should be to re-assess the current governance practices in the private equity industry and to draw up a policy brief.

See more under: http://www.complinet.com/global/news/news/article.html?ref=158952

Dubai’s Hawkamah Says It May Issue Sukuk Template This Year

Hawkamah Institute for Corporate Governance will launch a template for sukuk ijarah. The purpose is to cut the cost of issuing the debt and strengthen the Islamic finance business. Thi statement comes from Nasser Saidi, the executive director.
The institute expects to release the document by year-end.

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