Qatar Islamic Bank (QIB) has announced its sponsorship of the ‘1st Corporate Governance Conference in Qatar’ organised yesterday by the Qatar Financial Markets Authority (QFMA), the Qatar Stock Exchange (QSE), and the Hawkama Centre for Public Relations and Media.
In a statement, QIB said the event was attended by senior officials of the QFMA and the QSE, the Qatar University (QU), the International Financial Corporation (IFC), and 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’, QIB said.
“The application of good corporate governance practises is ensuring that companies are functioning in a structured, transparent manner to maximise the long-term value for their shareholders and all their partners,” said QIB Group CEO Bassel Gamal.
He added: “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 organisers 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.