Dear valued Client,

Mudara IOD with the support of the Hawkamah Institute for Corporate Governance will be holding a breakfast seminar to discuss on the fundamentals of Risk Management and its importance to the board roles.

In the context of the current global financial crisis and the swooning global economy, companies now face risks that are more complex, interconnected and potentially devastating than ever before. Risk from the financial services sector has contributed to large-scale bankruptcies, bank failures, government intervention and rapid consolidation. The risk oversight function of the board of directors has never been more critical and challenging than it is today. The ability of the board or relevant committee to perform its oversight role effec­tively is, to a large extent, dependent upon the relationship and the flow of information between the directors, senior management, and the risk management executives in the company.

Corporate governance regulations in the region explicitly call for risk management as one of the Board’s key remits.  However according to the 2008 Hawkamah-IFC’s survey of MENA listed companies and banks 27% of respondents have relegated the oversight of risk management system to the CEO. 

Who should attend?

This will be relevant to Board members, Chairman’s, Vice Chairman’s, CEO, CFO, Senior Risk Managers, Senior Executives or other senior professionals of all companies operating in the Middle East, listed and unlisted, across all sectors of business.

• Define ‘Risk Management’ and its importance for the region
• What are the fundamental concepts of risk management?
• How should directors approach and manage risk management?
• How can directors balance a company’s risk appetite while minimizing cost of controls?
• Risk Oversight Role of the Full Board and Other Committees

The Power Breakfast is part of Mudara, Institute of Directors ongoing Programming to support Boards in the developing the structures in compliance with the recently mandated UAE Securities and Commodities Authority (SCA) code of Corporate governance ,as well as provide guidance on how to follow international best practices beyond the SCA regulations.

RSVP: To register and pay on line: Please click here or further enquiry/block you seat, please email to info@mudara.org.

About IOD Mudara

Mudara - Institute of Directors (IOD) is a professional membership organisation serving board members, directors and governance professionals in the Middle East and North Africa (MENA) region. The institute promotes director excellence by advocating the interests of boards and facilitating professional development through education, research, information, networking and dialogue.  The institute works to enhance the role of company directors within the public sector, private and family run businesses by providing information, research, advisory services and professional programmes to assist members and boards in raising standards of corporate governance as well as business practices.

About Hawkamah, The Institute for Corporate Governance

Hawkamah, The Institute for Corporate Governance is an international association of corporate governance practitioners, regulators, and institutions advancing home grown yet globally integrated corporate governance best practices in the region. Hawkamah's mission is to promote corporate sector reform and good governance, and assist the countries of the region in developing and implementing sustainable corporate governance strategies adapted to national requirements and objectives. By promoting its core values of transparency, accountability, fairness, disclosure, and responsibility, Hawkamah works on policy and practical aspects of corporate governance reform in the region.

For more information, Email: info@mudara.org or call +971 4 362 2616 / 362 2662