Hawkamah, the Institute for Corporate Governance, signed an MOU with the Saudi Governance Centre at the Emirates Palace in Abu Dhabi. The event took place during the UAE–Saudi Business Forum that aims to bring leaders, government employees and decision makers together in order to increase economic and investment opportunities.
The agreement between the two organisations will see them share information, training programs and research projects that will benefit companies and government organisations in both the KSA and the UAE.
Dr. Ashraf Gamal El Din, CEO of Hawkamah said, “We look forward eagerly to our partnership with the Saudi Governance Centre which will see greater cooperation and shared resources between our two organisations. The UAE and KSA already enjoy a very special relationship with shared values and ambitions, therefore uniting our governance organisations will stand to benefit private companies and government entities in both countries.”
Loai Mousa, CEO of Saudi Governance Center said, “We are delighted to sign this MOU with Hawkamah and enter into a partnership that benefits not just our own countries but the region as a whole. As leading consultancies on corporate governance and international best regulatory practice, our agreement is set to raise the bar on governance region-wide.”
Hawkamah, established in 2006, has been a key player affecting corporate governance in the region through providing companies and boards with practical tools on how to improve corporate governance. The Institute's work also involves engaging governments and industry, conducting surveys and studies, and creating regional benchmarks which often act as catalysts for reform.
As the first organisation of its kind in the KSA the Saudi Governance Centre provides specialised consultative services on corporate governance and its applications. Through research, training programs and evaluations of corporate governance the Saudi Governance Centre seeks to assist organisations to achieve the highest standards of conformity to government regulations and world class governance practices.