Corporate governance

First meeting of MENA Corporate Governance Centers and Institutes of Directors

 

OECD Headquarters, Paris - 22 September 2014

 

The MENA region is currently home to a number of institutes of directors (IoDs) and Corporate Governance Centers (CGCs) with various mandates, affiliations, objectives and levels of development, in addition to multiple governance research institutes at universities. Recent years have also seen the growth of anti-corruption entities, with a common objective to promote integrity private and public companies.

 

These organisations have led the development of governance standards and principles: a number of the region’s corporate governance codes and recommendations were initiated by the national corporate governance centers and hundreds of directors were trained by the region’s IODs. Having recently been established, many of these organisations are still in the process of developing and professionalising their activities in order to ensure that they address market needs and continue to promote good governance standards in local companies, whether they are private, listed or state-owned.

 

The purpose of this roundtable was to build on the informal links existing between MENA IODs and CGCs and to create a productive ecosystem of these, mostly not-for-profit organisations, with linkages to policymakers, the corporate world, and their peers worldwide. The roundtable set to leverage OECD’s recent work in the region, notably on governance of listed companies and state-owned enterprises and also provide input into the ongoing revision of the OECD Principles of Corporate Governance, which remain an international standard and a source of inspiration for codes and recommendations in the MENA region. 

 

Meeting and background documents

Agenda

Summary Record

Guide to Related Party Transactions in the MENA Region

Corporate Governance Enforcement in the Middle East and North Africa Evidence and Priorities, Corporate Governance

Development of IODs and Governance Centers: Sustainability and Priorities, Presentation by Fadi Saab

Rapport sur les pratiques de gouvernance des sociétés cotées (Submitted by the Moroccan IoD)

Rapport sur le comité d’audit et la fonction audit interne (Submitted by the Moroccan IoD, Executive Summary and article in English on listed firms)

French Corporate Governance in Listed Companies (Submitted by the French IFA)  

 

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