LONDON, April 18, 2016 /PRNewswire/ --
Ethical Boardroom Magazine, the leading journal for global corporate governance issues, has unveiled the Middle East winners in its annual Corporate Governance Awards.
Strong corporate governance practices need to be fully integrated into the culture, strategy and operations of any organisation and in the Middle East region significant progress has been achieved over the past decade in establishing governance frameworks.
There are numerous challenges that lie ahead, such as the ability of listed companies to attract more institutional capital to the region's markets, especially amid an increased focus on the effectiveness of boards following the opening of Gulf markets to foreign investment.
Strengthening the pipeline of female talent through to senior levels is an area that has seen major strides made over recent years in the Middle East but there is still much work to be done, with the number of women advancing to senior executive and board levels within organisations in the GCC remaining low.
The Ethical Boardroom Corporate Governance 2016 Awards recognise and reward exceptional companies that have exhibited strong leadership in the area of governance to guarantee protection and long-term value for all their stakeholders. Our awards programme is a vital part of our continuing mission to elevate corporate governance standards globally.
All finalists are publicly-listed companies that have undergone a thorough analysis of 120 governance factors and extensive scrutiny on governance attributes categorised under four pillars - Board Composition, Board Committees, Shareholder Rights and Transparency.
The winners of this year's Ethical Boardroom Corporate Governance Awards: Middle East are revealed in the new issue of Ethical Boardroom available now. Detailed information on the Award winners in the Middle East can also be found at http://www.ethicalboardroom.com.
About Ethical Boardroom
Ethical Boardroom is the premier, subscription-based magazine and website that is trusted by influencers for delivering in-depth coverage and astute analysis of global governance issues. The editorial team, together with a host of distinguished contributors, tackle the most complex and pressing issues that have a positive and negative influence on boardroom leadership, committees and quorum, ethics and compliance, shareholder engagement, activism and risk management strategies. Ethical Boardroom, published quarterly and distributed to corporate secretaries, general legal counsels and board directors of both publicly traded corporations and large private companies worldwide, is essential reading for those who want to stay ahead of the governance curve.
SOURCE Ethical Boardroom