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BDS Program- Run 7-Part 1 (YIIC)

The Yemeni Institute of Directors (YIoD), one of the Yemeni Business Club (YBC) entities in cooperation with the International Finance Corporation (IFC), implemented on Wednesday and Thursday, 15-16 January 2020 the first part of the BDS program approved in its seventh edition for the members of board of directors of  Yemeni Islamic Insurance Company and Yemen Mobile and representatives a group of Yemeni companies and banks, which gave the section the general entrance to corporate governance, forms and composition of boards of directors, methods of evaluating the council and its most important roles and tasks in addition to the internal and external frameworks of governance. And also discussed an axis of the presence of women program in boards of directors and business leadership.

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Ring The Bell Event

The Yemeni Institute of Directors (YIoD), one of the Yemeni Business Club (YBC) entities, in cooperation with the International Finance Corporation (IFC), held its first Ring the Bell event in Yemen on March 14, 2019. The event aims to draw world attention to the prominent role of women in supporting the national economy and business leadership and to the pivotal role that the private sector can play in enhancing the role of women in boards of directors and leading businesses to achieve sustainable development goals and raise awareness of WEPs. The event focused on highlighting women’s role in improving the business environment in order to sustain the economy and grow communities.
The event and the panel discussion about the gender equality focused on the most important points. For instance, the challenges that women are facing to access senior positions or boards of directors from all perspectives, opportunities for women to access boards of directors, the role of organizations and investors, and the law to facilitate and support women’s access to leadership positions. Recommendations for women and related parties for better involving women in business leadership, the role of media to raise awareness of the importance of women’s participation, in addition to the ways of getting rid of the unconscious bias towards the participation of women in the boards of directors.

45 people attended the event. 17 of them were businesswomen, 15 businessmen at executive and board of directors’ level, 13 were entrepreneurs. Representatives from the General Union of Chambers of Commerce and Industry, representatives of local and international organizations whom they are working with women, financing institutions and the Central Bank of Yemen were attended the event. Implementing the first Ring the Bell in Yemen, the enthusiasm was very clear among the audience and this can be easily seen through their keenness to attend and participate actively in the sessions of the event.
The event contained success stories for two ladies. First, Ms. Noura Al-Aadi which talked about her success story, challenges and opportunities as she arrived to be the first director of the supervision and inspection of banks in the Central Bank of Yemen and currently she is working as an consultant for the Governor of the Central Bank of Yemen. Prof. Najat Juman was the second success story. She focused on academic success and the good impact of it on her professional progress. She managed the Faculty of Commerce and Economics at Sana’a University. She is also a board member and an expert in the field of governance and strategic planning.

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launching of the governance of small and medium companies guide and closure of the SMEs 25 corporate governance project

In a unique event, the Yemeni Institute of Directors, one of the entities of the Yemeni Business Club, in cooperation with the International Finance Corporation (IFC), launched on Tuesday, May 21, 2019, a guide for the governance of small and medium companies after an effort that lasted nearly two years from the directory partners and the work team consisting of many local and international experts, academics and businessmen.

It is worth noting that the launch event for the guide was in conjunction with the closure of the SMEs 25 corporate governance project that continued during the year 2018 by preparing the Yemeni version of the project and implementing specialized training in the field of governance for boards of directors and executive leadership of companies and banks participating in the project and coming up with quick reforms Governance at various levels in the General Assembly, boards of directors and administrative practices within the institutions. The event was attended by representatives of the private sector from various industrial, commercial and service areas, representatives of the Ministry of Trade and Industry, the Central Bank of Yemen, the General Union of Chambers of Commerce and the Sanaa Chamber in addition to microfinance institutions andrepresentatives of local and international organizations.p

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BDS Program- Run 6- Part 3

The Yemeni Institute of Directors (YIoD), in cooperation with the International Finance Corporation (IFC), concluded on Monday, December 17, the third part of the BDS Program – the sixth edition, with a varied participation of representatives of Yemeni companies and banks, in which the program focused in its financial part on the financial details of the Board of Directors and what matters is their knowledge of financial management, and the participants in the program will complete the last part according to the program plan in the legal subject.

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Internal Audit program (IA)- Run 2

The Yemeni Institute of Directors (YIoD) one of the Yemeni Business Club (YBC) entities in cooperation with the International Finance Corporation (IFC) implemented the second run of the internal audit program (IA) from  Sunday to Tuesday,  during the period of 10-12 November 2019. The participants were representatives of different Yemeni companies and banks. The program targeted auditors, financial managers, compliance and risk managers. The program focused on applying best practices in internal auditing to ensure quality and improvement, what internal auditors matter to know about corporate governance and the role of the board in internal auditing and its reports follow-up as well as risk management and compliance functions.

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BDS Program – Run 7-Part 1 (YIIC)

The Yemeni Institute of Directors (YIoD), one of the Yemeni Business Club (YBC) entities in cooperation with the International Finance Corporation (IFC), implemented on Wednesday and Thursday, 15-16 January 2020 the first part of the BDS program approved in its seventh edition for the members of board of directors of  Yemeni Islamic Insurance Company and Yemen Mobile and representatives a group of Yemeni companies and banks, which gave the section the general entrance to corporate governance, forms and composition of boards of directors, methods of evaluating the council and its most important roles and tasks in addition to the internal and external frameworks of governance. And also discussed an axis of the presence of women program in boards of directors and business leadership.

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BDS Program- Run 6-Part 4

On Sunday, January 6, the Yemeni Institute of Directors (YIoD), in cooperation with the International Finance Corporation (IFC), concluded the fourth and final part of the BDS Program – the sixth edition, with a varied participation of representatives of Yemeni companies and banks, in which the program focused in its legal part on aspects Legal issues related to the board of directors and what matters for members of boards of directors to know about it.

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BDS Program-Run 6- Part 2

On Sunday, December 2, the Yemeni Institute of Directors (YIoD) in cooperation with the International Finance Corporation (IFC), concluded the second part of the BDS Program – the sixth edition, with a varied participation of representatives of Yemeni companies and banks, in which the program focused in its second part on understanding management and strategic planning, and participants in the program will complete the remaining parts according to the plan of the program in each of the various financial and legal issues related to corporate and banking governance.

12

BDS Program- Run 6-Part 1

The Yemeni Institute of Directors (YIoD), in cooperation with the International Finance Corporation (IFC), concluded on Sunday, November 18th the first part of the BDS Program – the sixth edition, with a diverse participation of representatives of Yemeni companies and banks, where the program focused on The principles and rules of governance, composition and evaluation of boards of directors. Participants in the program will complete the remaining three parts according to the plan of the program in each of the different strategic, financial and legal issues related to corporate and banking governance.

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The importance of governance and what a chartered accountant must know about

The Yemeni Institute of Directors-YIoD-one of the Yemeni Business Club YBC entities in cooperation with the Institute of Training of Accountants and Auditors of the Association of Yemeni Accountants implemented the awareness workshop entitled “The importance of governance and what a chartered accountant must know about”, in which the basic concepts of interest to chartered accountants were clarified, This paper was presented by Dr. Munther Ishaq and Professor Ramzi Al-Ariqi.