Posted on November 14, 2017

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, was a sponsor of the first Corporate Governance Conference in Qatar. The conference, which was held under the patronage of H.E. Sheikh Abdullah Bin Saud Al Thani, Governor of the Qatar Central Bank, on Monday the 13th, was jointly organized by the Qatar Financial Markets Authority (QFMA), Qatar Exchange and the Hawkama Center for public relations and media.

The conference was held at the Four Seasons Hotel Doha and was attended by senior officials from QFMA, the Qatar Stock Exchange, the Qatar University (QU), the International Financial Corporation (IFC), listed companies as well as local and international experts from the corporate governance field. The first edition of the conference coincided with the launch of the ‘Corporate Governance Report’.

“The application of good Corporate Governance practises is ensuring that companies are functioning in a structured, transparent manner to maximize the long-term value for their shareholders and all their partners” said Bassel Gamal, QIB’s Group CEO.  “Clearly defined roles and responsibilities, a commitment on ethical dealings and effective risk management of all types of risks facing a company are key parts of good Corporate Governance to ensure future growth and development. At QIB, we are committed to support the efforts of the conference organizers, to further promote the adoption of international best practises in Corporate Governance for all companies operating in Qatar.” 

QIB, abiding by the rules and regulations set by the Qatar Central Bank and QFMA, has adopted a formal framework for Corporate Governance which prescribes best practices as well as basic principles of rights and responsibilities for every Shareholder, Board Member and member of the Executive Management, ensuring that efficient control and management are duly exercised by the Bank at all times.