Dubai, 27 November 2006
A meeting of the MENA-OECD Working Group 5 took place in Dubai, United Arab Emirates, on 27 November 2006. It was organised in partnership with the Centre for International Private Enterprise (CIPE), the Global Corporate Governance Forum (GCGF), and the International Finance Corporation (IFC).
The Working Group meeting was co-hosted by the Hawkamah Institute on Corporate Governance. It took place back to back with the inaugural Hakamah conference, organised jointly with the OECD. These events brought together a wide audience of public and private sector corporate governance experts from Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, the Palestinian Authority, Qatar, Saudi Arabia, United Arab Emirates, Union of Arab Banks, and other regional organisations.
The discussions resulted in a policy-oriented Declaration outlining important objectives and challenges. Progress related to the implementation of the Dubai Declaration will be reviewed at the next annual conference held by Hawkamah in co-operation with the MENA OECD Working Group on Corporate Governance and its partners.
Key corporate governance initiatives on corporate governance of banks, state-owned enterprises and insolvency were agreed upon at the Working Group meeting. They will be carried out in the framework of dedicated taskforces, which will meet regularly in order to discuss and co-ordinate progress with the preparation of regional surveys and policy briefs on these topics.