In cooperation with the International Finance Corporation, the Yemeni Institute of Directors is implementing the first governance trip to three governorates to introduce the principles of Yemeni corporate governance.
Hodeidah Governorate was the first stop on the trip. On Thursday morning, May 18, 2017, the first introductory workshop on corporate governance was held, which targeted several businessmen in the governorate. In the workshop, Dr. Muhammad Ismail Hamna, Secretary of the Board of Directors of the Yemeni Business Club, gave a welcome speech at the outset. With the participants, he reviewed the goals of the Yemeni Business Club and an overview of the emergence and development of activities in the field of governance leading to the establishment of the Yemeni Institute of Directors, which became the main carrier of the concept and message of governance and its applications in the Yemeni private sector, reviewing the efforts made by the Yemeni Institute of Directors in cooperation with its strategic partner, the International Finance Corporation.
For his part, Mr. Mohamed Abdel Wahed, Director General of the Hodeidah Chamber of Commerce and Industry, gave a brief speech in which he welcomed the attendees, thanking the organizers of this workshop for their interest in educating the private sector in the governorate with such concepts that their application would improve performance in private sector institutions and companies. The Hodeidah Chamber was then honored with the shield of the Yemeni Institute of Directors, presented by M. Ghadeer Al-Maqhafi, Acting Director of the Yemeni Business Club and the Yemeni Institute of Directors
This was followed by the start of the training workshop, which lasted for about three hours, and included the definition of governance, its concepts and basic principles, the responsibilities and tasks of the relevant parties, in particular the boards of directors of companies, and the desired benefits from the application of those concepts and the challenges facing the applications of governance.
The meeting was attended by several commercial houses in the Hodeidah governorate and a group of businessmen and interested persons.
The second phase of the trip was in Ibb governorate, where on Sunday morning, May 21, 2017, the first induction workshop was held in Ibb governorate on corporate governance, which targeted several businessmen in the governorate. At the outset with the participants, he expressed his happiness with the presence of an economic partner such as the Chamber of Commerce, reviewing the efforts made by the Yemeni Institute of Directors in cooperation with its strategic partner, the International Finance Corporation.
For his part, Mr. Abdulelah Al-Khatib, member of the Board of Directors of the Ibb Chamber of Commerce and Industry and head of the Services Department, gave a brief speech in which he welcomed the attendees, thanking the organizers of this workshop for their interest in educating the private sector in the governorate with such concepts that their application would improve performance in private sector institutions and companies. Then the Ibb Chamber was honored with the shield of the Yemeni Institute of Directors, presented by Eng. Ghadeer Al-Maqhafi, Acting Director of the Institute.
It is worth noting that most of the reputable commercial houses in the governorate attended the workshop and expressed their interaction with the concepts that were presented by the institute’s team, and Sheikh Qassim Al-Absi, the deputy of Ibb governorate, also attended for his part. This was followed by the start of the training workshop, which included the definition of governance, its concepts and basic principles, the responsibilities and tasks of the relevant parties, in particular the boards of directors of companies, and the desired benefits from the application of those concepts and the challenges facing the applications of governance.
The last stop of the trip was Aden. On the morning of Wednesday, May 24, 2017, an introductory workshop was held on the principles and applications of Yemeni corporate governance in the meeting hall at the Emirates Sky Hotel in Bakhoor Maksar Aden. This workshop was organized by the office of the Yemeni Business Club in Aden and the Chamber of Commerce and Industry in Aden in partnership with IFC (International Finance Corporation – an arm of the World Bank for lending to the private sector) and the Yemeni Institute of Directors, who ran the workshop and presented interventions and working papers in the workshop by Dr. Muhammad Hamna and Eng. Ghadeer Al-Maqhafi. In the workshop, serious discussions took place about all aspects of corporate governance and its necessity, and the experiences of the governance of some family companies in Aden were reviewed. and services to achieve development in its capabilities and performance, and thus in its profitability.
