GCC Board Directors Institute

GCC boards identify risk management as key issue in company governance

BDI's 2015 Promoting Professional Directorship report reveals that over 40 % of GCC board members surveyed would like to see more audit and risk management expertise at the board level
Risk management, along with succession planning, strategy and the role of the chairman, were the topics covered at BDI's Mastering the Boardroom Workshop held this week In Riyadh in partnership with J.P. Morgan
Following the last financial crisis and with the current economic climate, companies have been paying more attention to risk management. Boards play a crucial role in risk oversight, however, not enough board directors in the Gulf region are aware of and have clear visibility on the top risks facing the company according to the GCC Board Directors Institute (BDI)'s recent survey on board effectiveness.

GCC Board Directors Institute appoints H+K Strategies as Content Partner

GCC Board Directors Institute ("BDI") has appointed H+K Strategies ("H+K") as content partner to the Institute for a period of three years. The other content partners are PwC, McKinsey & Co, Heidrick& Struggles and Allen &Overy, while supported by the Capital Market Authorities in Saudi Arabia, Oman and the UAE, Qatar Financial Centre and the Central Bank of Bahrain. Launched in 2007, BDI is the pre-eminent organization for boards and directors in the Gulf helping boards become more effective so that organizations may perform better and grow. In its capacity of content partner, H+K will contribute with knowledge on matters critical to board effectiveness in today's multi-faceted and high-speed communications environment.

Sound Corporate Governance continues to rank high on the agenda of Saudi companies, as outlined by the recent sponsorship agreement between Ma'aden and the GCC Board Directors Institute.

Saudi mining and metals company Ma'aden has partnered again with the GCC Board Directors Institute ("BDI") in committing to high corporate governance standards, with the official signature of a sponsorship agreement in Riyadh. The signature of this new agreement also embeds a training platform for Ma'aden employees to access in order to always be well-informed of the latest best practices, be local or international, as well as networking opportunities with other board members across the Gulf. This month, BDI also inaugurated new half-day Focused Sessions for its members.

GCC Board Directors Institute Workshop held in Bahrain in partnership with Investcorp

GCC Board Directors Institute ("BDI") released insights that Board composition and selection were identified as key priorities in the corporate governance choices faced by GCC businesses, as highlighted during the Institute's Foundations of Directorship Workshop held in partnership with Investcorp on 7-9 Dec 2014 in Bahrain. BDI's Foundations of Directorship workshop is hands-on and experiential where participants are presented with contemporary issues and challenges that boards in the GCC are faced with. The workshop held by BDI in Bahrain this week, was in partnership with Investcorp , a founding member of BDI.

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