Press Releases

• Membership of GCC BDI Surges to 2,000
• 38% Increase in Number of Companies Seeking to Benefit from Best Corporate Governance Practices Over Previous Year

Saudi Arabia Vision Invest certifies its directors through GCC Board Director Institute’s Certified Board Director programme

The GCC Board Directors Institute (GCC BDI) in collaboration with The Financial Academy today awarded graduation certificates to the first cohort of 40 board directors and board secretaries that successfully completed the Institute’s two distinct programmes. In light of the social distancing norms enforced by the ongoing COVID-19 pandemic, the graduation ceremony was held virtually.

There is a lack of clarity when considering the Force Majeure provisions for businesses in the region as a result of the COVID-19 pandemic. It is imperative that each contract must be considered on its own precise terms and in its specific context. This in turn puts a huge onus on companies and employers to act responsibly towards all their stakeholders and especially their employees in these extraordinary circumstances.

The GCC Board Directors Institute (GCC BDI) has signed a Memorandum of Understanding (MoU) with The Financial Academy, mandated with developing and growing the capabilities of human capital in the financial sector. The collaboration aims to enhance knowledge exchange in the GCC region.

H.E. Dr. Obaid Al Zaabi, CEO of the Securities and Commodities Authority (SCA), said that the forum “organized in collaboration with the GCC Board Directors Institute (GCC BDI) under the title, “Latest Trends and Best Practices in Effective Corporate Governance” comes as part of efforts to keep listed public joint-stock companies updated on new developments in financial markets”.

• Report highlights improvements made over past two years, underscores crucial role of boards in steering strategy, forward thinking to combat multiple regional challenges
• Board effectiveness has advanced but is yet to achieve desired results

Summit sends out strong message to corporate boards: Corporate governance matters enormously to the nature of our economies and the kind of growth we want to see

The event is part of the Director Development Programme run by GCC BDI in collaboration with The Financial Academy in Saudi Arabia.

National Bank of Bahrain (NBB) is proudly spearheading an exclusive program to support the accession of current and developing female executives into leadership roles.