News

Bahrain’s first International Corporate Governance Conference was launched at the Crowne Plaza on September 17, where participants reviewed top local and global practices and experiments in the field of corporate governance. The event was attended by a number of public and private sector employees, various government agencies and institutions, commercial, industrial and banking sectors, as well as a number of researchers and scholars in the fields of administrative and economic development from various universities, professional institutes and local colleges, who gathered in order to stimulate and share research, case studies and scientific expertise. The conference was organized by Prince Events Management under the Patronage of the National Oil and Gas Authority (NOGA) and was held over September 17-18, 2014.

A number of local and international dignitaries and experts spoke at the conference, including Dr. Akbar Jaffari - Chief Executive at Jafcon Consultancy in Bahrain, Dr. Raja Al Zayani - Chief Strategic Planning Officer at the Ministry of Works, Dr. Abdulhassan Al Dairi - President of the Bahrain SME’s Society, Prof. Saad Darwish - Vice President for Financial and Administrative Affairs - Applied Science University, Dr. Halla Jamal - Chairman of the Board of Directors of the Association Riffa charitable and cultural, Dr. Abdelgadir Ghalib - Head of Legal Affairs Department, Bank of Bahrain and Kuwait (BBK), Mr. Mohammed Nass - General Manager of Bahrain Flour Mills Company, Mr. Amir El Assaad - General Manager, Thomas Middle East, Human Resources Consultant Ms. Manal Al Matrook, Mr. Ahmed Buhazza - Director eService, & Channel Enhancement at eGovernment Authority of Bahrain, and Mr. Hussain Janahi - Bahrain Chamber of Commerce & Industry.

Corporate governance has received considerable attention from company managements and their legislative and supervisory wings, both locally and internationally. Right application of corporate governance, as well as adherence to factors affecting standards of disclosure and transparency lead to improved performance of companies and institutions in the public and private sectors, and enhance their contribution to national economy and in the communities they operate. It also improves the global business environment, a goal the conference brought a step closer. As the world turns to globalization and economic openness, it faces challenges posed by market economy and global financial crisis, which require strict legislation and universal practices to improve corporate governance, and take advantage of the top global experiences.

The National Oil and Gas Authority (NOGA) carefully hosts distinct high quality events, whether distinguished conferences, popular exhibitions, or top class scientific forums, which globally promotes the prestige and reputation of the Kingdom of Bahrain and stimulate trade and economic development in the country, increase participant awareness from the lectures and accumulated experience shared by learned global speakers, and access to the latest technology and modern management practices.