Kuwait: February 12, 2019
Agreement to strengthen corporate governance region-wide
NBK Capital, one of the region’s leading investment firms, has signed a one-year partnership agreement with GCC Board Directors Institute. Mr. Faisal Al-Hamad, Chief Executive Officer represented NBK Capital and Mrs. Jane Valls, Executive Director represented GCC Board Directors Institute at the signing, with attendance of several senior officials from both organizations.
“NBK Capital gives considerable importance to corporate governance practices as a basis for its future development and performance and is committed to applying the rules issued by the Capital Markets Authority on corporate governance and the highest standards of professional competence in all its activities,” Al Hamad said in remarks made during the signing ceremony. “Partnering with GCC Board Directors Institute demonstrates our continued commitment to promoting the highest standards of corporate governance in the region and supporting the great work that the Institute does.”
NBK Capital adheres to world class standards of corporate governance practices and policies and focuses its client-centric strategy on sustainable growth that contributes to the development of the economy and the community.
“This type of partnership contributes to the development of GCC economies by improving the effectiveness of board members and enhancing their business abilities and level,” Al Hamad notes.
Al-Hamad concluded his remarks: “NBK Capital partners with institutions that support and develop values that align with our own: priority for client and stakeholder interest; innovation in products, services and work processes for greater efficiency and excellence in all that we do.”
“We are confident that sharing our expertise with the GCC Board Directors Institute will contribute to promoting best practices at the local and international levels. Enhancing our understanding of business, which is essential for engaging in successful economic activities,” Al Hamad concluded.
Founded in 2007, the GCC Board Directors Institute (GCC BDI) is a not-for-profit organization that guides board directors of organizations, from family-owned businesses to listed companies, to acquire the know-how and the tools to reach and sustain effective governance.
“We are pleased to join NBK Capital as a corporate partner, and we look forward to fruitful cooperation and a long-term relationship,” said Valls. “Now and more than ever, our boards of directors and governance practices are subject to investor and stakeholder analysis, and working with a world-class investment company like NBK Capital will support our efforts to promote the latest trends in corporate governance and best practices.”
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