The Ras Al Khaimah Government Demonstrates Strong Commitment to Effective Board Practices by Hosting a Two-day Workshop for its Senior Management

DUBAI,UAE, April 26, 2015 /PRNewswire/ --

Under the patronage oh HH Sheikh Saud Bin Saqr Al Qasimi, member of the supreme council, Ruler of Ras Al khaimah, a group of 25 senior members of the Ras Al Khaimah government authorities and corporations participated in the Building Better Boards tailored workshop delivered by the GCC Board Directors Institute (BDI) in RAK on 21-22 April, 2015.

     (Photo: http://photos.prnewswire.com/prnh/20150426/740572 )

Board directors from various RAK government entities including the Investment and Development Office, RAK properties, RAK Insurance, RAK Bank, Ras Al Khaimah Tourism Development Authority, RAK Free Trade Zone Authority & Ras Al Khaimah Investment Authority and RAK Chamber of Commerce and Industry completed the two-day program which focused on Board effectiveness. Topics such as Board Composition, Effective Board Dynamics, Roles of the Board, and Director Duties and Liabilities were covered.

Dr. Mohamed Abdullatif, the Director of Sheikh Saqr Program for Government Excellence said:

The Government of Ras Al Khaimah is very keen to create the right conditions for sustainable board excellence. Effective governance will undoubtedly contribute to the achievement of the strategic vision of the Emirate. We are very confident that such leadership commitment to professional development will ensure long term success and we are very proud to partner with BDI for this initiative.

Nathalie Potvin, Executive Director of the BDI said: "This program is very unique and it indicates that RAK government is looking at the board suite as the vehicle to create growth and a sustainable future. We are honoured to have collaborated with them for this very important initiative. RAK has established itself as a dynamic business hub and the Emirate's commitment to sound corporate governance standards are evidenced through this program."

About the GCC Board Directors Institute 

BDI is the pre-eminent organization in the GCC for boards and directors. It was launched in 2007 by a combination of four leading regional corporations: Investcorp, SABIC, Saudi Aramco and Emirates NBD; four leading advisory firms: Allen & Overy, Heidrick & Struggles, McKinsey & Company and PricewaterhouseCoopers; and with the support of regional regulatory authorities: the Emirates Security and Commodities Authority of the UAE, the Capital Market Authorities of both Saudi Arabia and Oman, the Central Bank of Bahrain and the Qatar Financial Centre Regulatory Authority.

The Institute's mission is to make a positive impact on the economies and societies of the region by promoting professional directorship and raising the level of board effectiveness. Its main objectives are to:

● Enhance GCC board member capabilities and further their understanding of best practice board governance;

● Create a regional network of board members;

● Disseminate high quality corporate governance knowledge;

● Put corporate governance higher on the region's agenda.

BDI has delivered over 35 workshops for senior board directors and counts over 500 members who, through their membership in the Institute, have gained access to an exclusive network of like-minded board directors and business leaders.

For more information on BDI, please visit the Institute's website at: http://www.gccbdi.org or contact the Institute directly at [email protected].

MEDIA CONTACTS
GCC Board Directors Institute
Mira Alrabi
Marketing & Communications Manager
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SOURCE GCC Board Directors Institute