By IANS
Dubai : An Amsterdam based financial institute will provide financial training to business leaders to promote corporate governance practices in Middle East and North Africa (MENA) region, WAM news agency said.
A memorandum of understanding (MoU) in this regard was signed Tuesday between Hawkamah Institute for Corporate Governance, a subsidiary of the Dubai International Financial Centre Authority and Amsterdam Institute of Finance (AIF).
The main objective of the memorandum is to improve corporate governance practices in private and public sector entities, including listed companies, banks and financial institutions, family-owned enterprises, small and medium enterprises and state-owned enterprises, the news agency said.
The initiative will also help in developing national legal and regulatory frameworks, in cooperation with both the public and private sectors.
AIF is a financial training organisation, established in 1990, to provide independent training for financial specialists and senior management, including lawyers and consultants.
Hawkamah is an autonomous, regional entity whose mission is to assist countries and companies of the wider MENA region in developing sound and globally well-integrated corporate governance frameworks and practices.