The Hawkamah Institute for Corporate Governance (Hawkamah) today announced that it has signed a Memorandum of Understanding (MoU) with the Arab International Women’s Forum (AIWF) to advocate corporate sector reform and strengthen corporate governance for women entrepreneurs and their businesses in the MENA region.
Dr Nasser Saidi, Executive Director of Hawkamah, said: “Women entrepreneurs can benefit from strong corporate governance systems and guidelines, because of their ownership patterns - today women entrepreneurs own many large regional enterprises and account for a substantial share of the private sector. We are pleased to partner with AIWF to pioneer stronger corporate governance for women’s businesses across the Arab region. Improved corporate governance can lead to, better: management accountability; minimized divergence between the interests of shareholders and management; access to external finance for expansion; divestment of existing operations for better opportunities; and the attraction of strategic investors. Comprising 35% of the U.A.E workforce, women are becoming increasingly prominent decision makers and are contributing substantially to the growth of the region’s economy.”
Mrs. Haifa Al Kaylani, Chairwoman of the Arab International Women's Forum, added: “As women continue to become more influential in the region’s business community, it is our responsibility to promote initiatives and processes that we advocate and that we feel will benefit the regional economy. We hope that our collaboration with Hawkamah will also assist in addressing gender issues to ensure that women are given every opportunity to succeed in the workplace. We are honoured to join many major international organizations in supporting Hawkamah, an independent, private sector initiative that is improving the understanding and practice of corporate governance in the Middle East and North Africa.”
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