Conference on Emerging Middle East Markets and the Corporate Governance Imperative
9-10 November 2009 - Dubai
Organised by the OECD, in co-operation with the Hawkamah Institute of Corporate Governance, the 4th annual conference on corporate governance in the Middle East region took place on 9-10 November 2009 at the Dubai International Financial Center. This gathering was timely given that regional corporate governance frameworks and practices are being re-shaped, in particular by lessons learned from the financial crisis. The meeting was attended by over 100 regulators, private sector participants and other corporate governance experts.
The discussions centered around the ongoing projects on corporate governance of banks, insolvency and corporate governance of state-owned enterprises. New issues such as the role of stock exchanges in improving governance of listed companies were also discussed. In particular, the Policy Brief on Corporate Governance of Banks, a product of two year’s research and discussions, was released on this occasion. Likewise, the Study of Insolvency Systems in the Middle East and North Africa , a joint project of the OECD, Hawkamah, World Bank and INSOL International was also presented to the conference participants.
The MENA-OECD Working Group on Corporate Governance met to review progress made over the past year and to determine priorities for work in 2010. Delegates were briefed on progress of the regional Task Forces on Corporate Governance of Banks and State-Owned Enterprises, as well as country specific studies. The role of MENA stock exchanges in improving corporate governance of listed companies was a new topic discussed as part of the Working Group’s agenda.