DIFC Authority Appoints Hawkamah Board

The Hawkamah, Institute for Corporate Governance, a regionally recognized driver of corporate governance reform, announced the appointment of Hawkamah’s Board of Directors.

Hawkamah’s Board comprises the following members:
•Chairman: HE Hamad Buamim, Director General of Dubai Chamber of Commerce and Industry.
•Vice Chairman: HE Maryam Buti Al Suwaidi, Deputy CEO for Licensing, Supervision & Enforcement of Securities and Commodities Authority.
•HE Sheikh Hussein A. Al-Banawi, Chairman and Chief Executive Officer of The Industrial Group,
Jeddah, KSA.
•Peter Montagnon, Senior Investment
Advisor, Financial Reporting Council, UK.
•Dr. Sameer Alansari, CEO of PEPlus Advisors.

Hawkamah, Institute for Corporate Governance was formed in 2006 as a regional initiative founded by the Dubai International Financial Centre (DIFC) and supported by the Organisation for Economic Co-operation and Development (OECD), World Bank’s International Financial Corporation (IFC), Center for International Private Enterprise (CIPE), Union of Arab Banks (UAB), and others to bridge the Middle East and North Africa regional corporate governance gap.

Over the past six years, Hawkamah has succeeded in working with regional regulators and companies to identify and address the region’s corporate governance challenges through its various policy task forces, research and publications, advocacy activities and awards programmes, company and board-level engagements, and its Mudara Institute of Directors.

H.E. Abdulaziz Al Ghurair, DIFC Authority Board chairman said, "As Hawkamah grows in scope, the Board will play a key role in ensuring Hawkamah’s thought leadership, regulator and company engagements, development programmes, and other initiatives will flourish. Clearly there is a regional need for institutions such as Hawkamah, and this board’s active engagement will be crucial to the development of Hawkamah and its regional corporate governance work."

HE Hamad Buamim, the newly elected Hawkamah Board chairman noted, "On behalf of the Board, we are looking forward to taking what Hawkamah has accomplished in these few years to new heights, continuing the corporate governance dialogue that Hawkamah and Mudara have initiated but also providing practical and well-honed solutions to challenges faced by many of the region’s public and private sectors."

Emirate:  Dubai

Date: Feb 19, 2013

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