By NNN-Bernama
Kuala Lumpur : A seminar aimed to increase awareness of corporate governance issues in Islamic finance including banking, insurance and capital markets will be held this March 11-12 in Manama, Bahrain.
The seminar, to be jointly organised by the Islamic Financial Services Board (IFSB), the World Bank’s Group Corporate Governance Department and the IFC Global Corporate Governance Forum, will particularly look at collective investment schemes among financial regulators and market participants.
It will be structured around the corporate governance standards developed by the IFSB with insights from regulatory officials, corporate governance specialists from international multilateral agencies and industry practitioners.
Governor of the Central Bank of Bahrain, Rasheed Mohammed Al Maraj and Professor Rifaat Ahmad Abdel Karim, Secretary General of the Islamic Financial Services Board will deliver the opening and welcoming remarks.
Peter Dey, Chairman of IFC’s Private Sector Advisory Group will deliver his keynote address on the “Cross-Sectoral Approach toward Good Governance”.
Dey has served as chairman of the Toronto Stock Exchange Committee on Corporate Governance in Canada which was responsible for the release of a report entitled “Where Were the Directors” also known as Dey Report in December 1994.
Dey will be joined by 21 other speakers.
The seminar’s main objectives are to highlight corporate governance issues specific to institutions that offer Islamic financial services and to help regulators and market participants improve their understanding of these especially as the Islamic financial services industry continues to grow rapidly within the global financial system, it said.
Other than that it will provide stakeholders an opportunity to exchange views and experiences on good governance frameworks, best practices, policy recommendations about strengthening and improving the corporate governance of institutions that offer Islamic financial services in accordance with internationally accepted standards.
More information on the seminar can be obtained by contacting Puteri Baharun from IFSB at 03-26984248.