31 October-1 November 2010 - Muscat, Oman
A New Leaf: the Growth of Corporate Governance in the MENA Region
The fifth the annual corporate governance meeting was organised by the OECD in cooperation with the Hawkamah Institute of Corporate Governance and the Oman Capital Markets Authority. Over 300 participants from across the region met to discuss the implementation of corporate governance regulations in the Middle East and North Africa.
The meeting was held under the patronage of H.E. Maqboul Bin Ali Bin Sultan, Minister of Commerce of Oman and was opened by H.E Yahya Al Jabri, Head of the Capital Market Authority of Oman, Dr. Nasser Saidi, Chief Economist of the DIFC and Director of the Hawkamah Institute and Dr. Grant Kirkpatrick, Head of the Corporate Affairs Division of the OECD.
Speakers and participants engaged in a debate regarding the challenges in implementing corporate governance regulations, and on the way forward to improving corporate governance of banks, state-owned and family-owned enterprises. Emerging themes such as governance of regulators and the role for stock exchanges in corporate governance were also discussed.
At the end of the meeting, the Muscat Declaration adopted by participating countries summarised the consensus in moving forward the corporate governance agenda in the region. Specifically, the OECD was mandated to pursue the work of its Taskforces on Corporate Governance of Banks and State-Owned Enterprises as well as launching a new Stock Exchanges Taskforce.
Left to Right: Dr. Harilaos Mertzanis, Director of Research, Capital Market Commission, Greece; Member of the OECD Corporate Governance Committee. Dr. Alexandre Swoboda, Professor Emeritus, Graduate Institute of International Economic Studies, Switzerland. Dr. Nasser Saidi, Executive Director, Hawkamah Institute for Corporate Governance. Dr. Stephen Davis, Executive Director, Millstein Center for Corporate Governance.
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