Hawkamah and AUB Rami Makhzoumi Chair join forces
Posted on: 1 August 2012
Hawkamah, the Institute for Corporate Governance and the Rami Makhzoumi Chair announced today a partnership to bring together Hawkamah’s deep corporate governance industry experience and Rami Makhzoumi Chair’s academic expertise to support the further development of good corporate governance practices in the region.
Under the terms of the MoU, the 2 bodies will collaborate to raise awareness of corporate governance and will launch joint Hawkamah – Rami Makhzoumi Governance Seminar Series and workshops, the first one being the Chairman’s Forum session to take place on the 31st of October 2012. The collaboration will also support research efforts into corporate governance in MENA highlighting regional case studies and success stories. The collaboration also includes a Hawkamah supported internship programme.
Fouad Makhzoumi commented: “It is a great pleasure to start witnessing the achievements of the Rami Makhzoumi Chair in Corporate Governance. The partnership with Hawkamah today makes us even more confident that the path taken by the program so far and the set plans for the coming years will achieve the objectives that we targeted and which go beyond promoting the practice of sound governance across companies of the region, instituting the cornerstones and pushing adoption of family governance and succession planning forward, and creating a governance-oriented approach to business conduct.”
“This partnership is an exciting development to corporate governance in the region as it brings together the advocacy and industry expertise of Hawkamah and the academic rigor of the Rami Makhzoumi Chair on corporate governance at AUB,” said Dr. Nasser Saidi, Executive Director of Hawkamah, the Institute for Corporate Governance. “The combination of practical and applied research along with broad and deep understanding of the challenges to good corporate governance practices in the region are the strengths of this partnership,” added Dr. Saidi.
Dr. Safieddine said: “The Hawkamah and Rami Makhzoumi Chair at AUB partnership emerges to strongly complement the achievements and ongoing initiatives undertaken by AUB and OSB in particular to bring corporate governance research and practices in the region to a new level. Given their respective exposures to governance in the region, Hawkamah and AUB will ensure that the partnership establishes a solid bridge between much needed research on governance issues in the Middle East and the dissemination of best practices and research outcomes to those who will be in charge of implementation at all company levels in a way to empower them with the knowledge to become champions of corporate governance.”
The Rami Makhzoumi Chair is devoted to promoting accountability and good corporate governance practices in the administration and operations of businesses. The Chair has a research and case studies’ development agenda that aims at highlighting and drawing lessons from the practices of companies in the region in all major areas of governance. Among its objectives are the enhancement of the governance practices of private and public sector entities, thus improving their access to affordable credit and capital, increasing their decision-making capacity and operational efficiency. The program also targets the regulatory frameworks relating to governance in order to support open and transparent markets that are able to attract investment, as well as fair, rule-based and enforceable governance regimes.
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