QFMA to host ‘Corporate Governance’ conference

 08 Nov 2017 - 12:05

QFMA to host ‘Corporate Governance’ conference

By Mohammad Shoeb / The Peninsula

Qatar Financial Markets Authority (QFMA), the regulator of Qatari capital market, yesterday announced the launch of Qatar’s first conference on corporate governance. The event is scheduled to be held on November 13 at Four Seasons Hotel-Doha.

The first edition of conference will witness the launch of the ‘Corporate Governance Report’ at the opening session of the event.

The report include five chapters highlighting the evolution of the corporate governance system in Qatar, country’s financial markets as well as the progress made in the world in terms of corporate governance laws in the US, Europe and the Middle East.

It also highlights the principles and standards issued by international organisations as guidelines for countries to adhere to governance, and a special chapter on reports issued by public shareholding companies in 2017.

The upcoming conference is part of QFMA’s efforts towards developing the Qatari capital market and achieving its strategic objectives aimed at positioning Qatar as a regional benchmark of financial services in accordance with international standards and practices.

The event will discuss the procedures and practices of corporate governance at the local and international levels. The opening session will be attended by H E Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank, Chairman of QFMA and Nasser Ahmed Al Shaibi, Executive Director of the Qatar Stock Exchange (QSE).

The conference is being organised by QFMA in cooperation with Hawkama Center, a local non-profit organisation, in collaboration with QSE.

Mansour Al Saadi, Chairman of the Hawkama Center, said: “The presence of the sponsors the conference on corporate governance represents a great importance for companies as it contributes to spreading the culture of good governance in the business community which is an essential element for achieving growth and economic development.”

Salem Al Nuaimi, Assistant General Manager at QNB Group, said: “Our participation in sponsoring this event comes in our belief that good governance is the key factor in enhancing the image of state institutions internally and externally. QNB Group aspires to become the leading institution in implementing the latest requirements and best practices. In the area of corporate governance through the adoption of a strategic vision based on a culture of compliance with laws and legislation, which is the basis for good governance.”

“We are fully committed to providing support and sponsorship to all important events that highlight the status of our beloved country and the QNB Group’s reputation as a financial institution that is primarily present and enduring in such local and external events and activities,” Al Nuaimi said.

Mohamed Mubarak Al Rumaihi, Disclosures Manager, at QSE’s Market Operations Department, appreciated the efforts of all the organisations which are instrumental in holding the conference.

Al Rumaihi said: “The participation of QSE in organising this event is intended to highlight the role of the Qatari bourse as the backbone of capital movement which is a key factor in the development of the economy.”

He added that QSE also intends to play other important roles at the macroeconomic level, and to participate actively in the process of economic growth, such as the provision of capital and liquidity in the composition and allocation of capital and create an attractive environment for investment.