Capital Finance International (CFI) announces GCC Board Directors Institute as winner of the Outstanding Contribution to Corporate Governance GCC 2017 Award

London, Tuesday, 6 March 2018 The CFI.co judges have conferred on GCC Board Directors Institute its Outstanding Contribution to Corporate Governance GCC 2017 Award. Highlights of the judging panel’s findings include:  The GCC Board Directors Institute (GCC BDI) was set up by the region’s largest corporations and receives support from the world’s leading business consultancy firms.  The only Middle Eastern directors institute admitted to the Global Network of Director Institutes, GCC BDI is recognised for its dedication to the promotion of the highest standards in corporate governance.  GCC BDI has successfully adapted a vast array of global best practices to local circumstance. The judging panel’s full report: GCC Board Directors Institute: Outstanding Contribution to Corporate Governance GCC 2017 Since 2007, the GCC Board Director’s Institute (GCC BDI) – a non-profit entity – has helped further improve corporate governance standards throughout the Middle East. The organisation was set up by the region’s largest corporations and receives support from the world’s leading business consultancy firms. Now with almost a thousand members, the GCC Board Directors Institute represents the region’s largest network of business executives and hosts a number of events such as its flagship annual Chairman Summit. The organisation also offers a series of workshops that allow leading CEOs to hone their skills and evaluate progress. The only Middle Eastern directors institute admitted to the Global Network of Director Institutes, GCC BDI is recognised for its dedication to the promotion of the highest standards in corporate governance. The institute works closely with regional regulatory entities to produce guidelines for board members and facilitate the flow of information between parties. GCC BDI has successfully adapted a vast array of global best practices to local circumstance and actively supports initiatives that aim to enhance board members’ capabilities – believing, as it does, that enduring success in business can only be sustained through excellence in corporate governance. The CFI.co judging panel notes that GCC BDI also encourages diversity on director boards and emphasises the importance of engaging with external evaluators to gauge effectiveness. The judges declare GCC Board Directors Institute winner of the 2017 Outstanding Contribution to Corporate Governance GCC Award. For further information, please contact: Mr Wim Romeijn Editor CFI.co Tel +44 (0)203 137 3679 Email: wro@cfi.co About GCC Board Directors Institute The GCC Board Directors Institute (GCC BDI) is the Gulf Region’s pre-eminent organisation for boards and directors. It is a registered not-for-profit company launched in 2007 by a coterie of four leading corporations: Saudi Aramco, SABIC, Investcorp, and Emirates NBD. The institute’s mission is to strengthen corporate governance in the GCC region through capability building, advocacy and promotion of sound governance practices. GCC BDI also enjoys the support of four leading advisory firms – Allen & Overy, Heidrick & Struggles, McKinsey & Company, and PricewaterhouseCoopers – and actively partners with regional regulatory authorities: the Emirates Securities and Commodities Authority, the capital market authorities of both Saudi Arabia and Oman, and the Central Bank of Bahrain The organisation’s overarching objective is to enhance GCC board member capabilities and further their understanding of best practice board governance. The body achieves this through creating a regional network of board members via a vibrant alumni community and disseminating high quality corporate governance knowledge. About CFI.co CFI.co is a print journal and online resource reporting on business, economics, and finance. The journal recognises that the traditional distinction between emerging and developed markets is now far less meaningful as world economies converge. Headquartered in London, the world’s most multicultural city, CFI.co covers and analyses the drivers behind that change. Combining the views of leading multilateral and national organisations with thought leadership from some of the world’s top minds – CFI.co’s dedicated editorial team ensures that readers better understand the forces influencing and reshaping the global economy. About the CFI.co Awards Programme Each year, CFI.co seeks out individuals and organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders. Reporting from frontlines of economies on the move, CFI.co realises that best practice is to be found throughout the world. The Awards Programme aims to identify and reward excellence wherever it is found. The programme aims to inspire others to further improve their own performance. Contacts CFI.co Meridien House 69 – 71 Clarendon Road Watford Hertfordshire WD17 1DS United Kingdom Telephone: +44 (0)203 137 3679 Fax: +44 (0)203 137 5872 E-mail: contact@cfi.co URL: www.cfi.co GCC Board Directors Institute Emirates Financial Towers Office 2201, South Tower Dubai, UAE PO Box 507007 Telephone: +971 4 554 7967 E-mail: getinvolved@gccbdi.org URL: www.gccbdi.org