Corporate Governance in the Middle East and North Africa by Chris Pierce

By Chris Pierce

This authoritative consultant seems at company governance within the center East and North Africa. It asseses the region's regulatory framework and the way matters equivalent to company constitution, possession, forums disclosure and responsibility, shareholder rights, stakeholder family, administrators tasks, and environmemtal and social accountability are perceived and addressed during this booming quarter.

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Com. The MEPI (Middle East Partnership Initiative) MEPI is a US initiative which helps democracy to spread, education to thrive, economies to grow and women to be empowered. MEPI funding goes directly to partners such as non-governmental organizations, businesses and universities. In the last five years, MEPI has devoted more than US $430 million to over 350 projects in 17 countries and territories in the Middle East through its offices in Washington, Tunis and Abu Dhabi. gov. The OECD In September 2007, the PSD (Private Sector Development) Division was established at the OECD.

It was founded in 1981 and is a trade bloc involving Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. ) A common market was launched on 1 January 2008. The objectives of the GCC include: • formulating regulations in areas such as economy, finance, trade, customs, tourism, legislation and administration; • fostering scientific and technical progress in industry, mining, agriculture, water and animal resources; • establishing scientific research centres; • setting up joint ventures; • encouraging private sector cooperation; • establishing a common currency, the Khaleeji, by 2010.

These include the CIPA (Certified Islamic Professional Accountant), the CSAA (Certified Shari’a Adviser and Auditor) and the corporate compliance programme. com. The Arab Business Council The Arab Business Council is composed of representatives from the Arab private sector who are committed to enhancing economic competitiveness in the Arab World. The council aims to facilitate cooperation among the leading business institutions and corporate leaders in the Arab world in order to help equip their societies to compete in the global economy and to contribute to the development of an equitable society.

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