Wednesday, March 05, 2008

Hawkamah And CFA Emirates To Promote Corporate Governance Reforms


The Hawkamah Institute for Corporate Governance (Hawkamah) yesterday announced that it has signed a Memorandum of Understanding (MoU) with Certified Financial Analysts (CFA Emirates), the UAE society for CFA charterholders and candidates, to cooperate with each other to actively promote and improve good corporate governance practices in the UAE, GCC and the MENA region. The signing took place the Annual UAE CFA Charter award ceremony in which charterholders received their new CFA charters.

The memorandum states that Hawkamah and CFA Emirates will work together to advocate corporate sector reform and enhance existing corporate governance standards across the region. This goal is supported by three broad objectives, namely to: improve the corporate governance practices of private and public sector entities; help develop national legal and regulatory frameworks with respect to corporate governance; and cooperate on corporate governance institution-building to develop a communication strategy and increase the training capacity of institutions.

See full Article.