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Governance Project of The Yemen Financial Services company (We NET)

by projects

On the side of advisory projects, the Yemeni Institute of Directors implemented the governance project of The Yemen Financial Services company (We NET). on December 18, 2023, after the company submitted a request to the Institute to implement one of the advisory services, which is diagnosing governance practices, through which the company will be able to know where it is now? And where is the position you want to reach? In essence, they are two questions: “Where are we?” And “Where do we want to be? As it enables it to measure best practices in various key dimensions of governance and to develop a plan to improve the performance of the company’s governance internally, the project went through several stages as follows:
• The Institute’s advisory team obtained several basic files on the company.
• Coordinating to attend a workshop that included the company’s work team and stakeholders, shareholders’ representatives, the Board of Directors, senior executives and the Board Secretary, for the purpose of diagnosing its governance practices.
• Unpacking and analyzing the data of the diagnostic tool for governance practices within the company.
• Read and interpret information to conclude.
• Preparing a report on the results of the diagnosis that includes recommendations for improvement, which will form an action plan for governance applications in the coming stages.

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Governance Project of Bilquis Drug Stores

by projects

On the side of advisory projects, the Yemeni Institute of Directors implemented the governance project of Bilquis Drug Stores. on October 19-21, 2023, after the company submitted a request to the Institute to implement one of the advisory services, which is diagnosing governance practices, through which the company will be able to know where it is now? And where is the position you want to reach? In essence, they are two questions: “Where are we?” And “Where do we want to be? As it enables it to measure best practices in various key dimensions of governance and to develop a plan to improve the performance of the company’s governance internally, the project went through several stages as follows:
• The Institute’s advisory team obtained several basic files on the company.
• Coordination to attend two workshops that included specialists from the company on the Board of Directors in addition to a number of the company’s employees, during which a diagnostic session was carried out in the presence of the Chairman of the Board of Directors, a member of the Board of Directors (General Manager), a member of the Board of Directors (Director of Sales and Branches), a member of the Board of Directors ( Non-executive), two executive members participating in the Council, representing the executive management (Financial and Administrative Director – Accounts Manager – Human Resources Officer – Aden Branch Manager and Factory Supervisor – Assistant Director of the Care Sector – Director of the Arab Sector – Director of the European Sector – Director of the Health Care Sector – Director of the Nutrition Sector)
• Unpacking and analyzing the data of the diagnostic tool for governance practices within the company.
• Read and interpret information to conclude.
• Preparing a report on the results of the diagnosis that includes recommendations for improvement, which will form an action plan for governance applications in the coming stages.

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Board Of Directors Series Program (BDS)-Run 10 Part 3

by Training program news

On Wednesday and Thursday 15-16  March  2023, the Yemeni Institute of Directors (YIoD), one of the Yemeni Business Club entities, implemented the third part of the Board Member Series program in its tenth run, using the IFC methodology, for board members in many companies and banks. The program focused on Its financial part and contains the financial details of the board of directors. What matters to the members of the board of directors is knowing about financial management, disclosure, and transparency. The participants in the program will complete the last part according to the program’s plan on the legal topic.

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Ring the bell-5

by Our Event

For the fifth year the Yemeni Institute of Directors is holding Ring the Bell Event.
On March 11, 2023, we organized an awareness session on the importance of having women in the business community and board of directors. The event was attended by over 30 participants, including business owners, executives, and professionals from different industries epically from the Yemeni Business Club, the General Federation of Chambers of Commerce, and Arab Governance Forum. The purpose of the session was to raise awareness about the benefits of gender diversity in the workplace and the need to promote women’s leadership and participation in decision-making processes. In addition to ringing the bell for them.

The session discussed the current state of gender diversity in the business community and the board of directors, and it highlighted the low representation of women in leadership positions and the benefits of having a diverse and inclusive workplace. The presenters also discussed the challenges faced by women in the workplace, such as discrimination, unconscious bias, and work-life balance.

The session also included a Q&A part, where participants had the opportunity to ask questions and share their experiences and perspectives. The event concluded with a call to action, urging participants to take concrete steps to promote women’s leadership and gender diversity in their organizations.

Where the discussion was enriched by:
– Mr. Ahmed Nour Aldeen- The Executive Director – Detum Consulting Company
-Ms. Tahani Al-Aghbari- A Former Business Leader
-Dr. Ghada Huwaidi- Associate Dean for Executive Education, and Founder of the Women in Board Monitor, School of Business, The American University in Cairo
– Ms.Ghadeer Al-Maqhafi- The Executive Director- Yemeni Institute of Directors
We hope that this session will inspire more people to take action to promote gender diversity and women’s leadership in their organizations and create a more equal and just world.

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Board Of Directors Series Program (BDS)-Run 10 Part 2

by Training program news

On Wednesday and Thursday, February 22-23, 2023, the Yemeni Institute of Directors (YIoD) implemented the second part of the Board Member Series program BDS-10  with the IFC methodology, in its tenth run, for members of the board of directors of elite Yemeni companies. During this part, the role of the board of directors was discussed in Managing the company’s strategy, the interaction between the board of directors and the company’s management, and many of the topics that were addressed in the aspect of planning and succession of power. The issue of involving women in boards of directors and senior leadership was also discussed.

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Board Of Directors Series Program (BDS)-Run 10 Part 1

by Training program news

The Yemeni Institute of Directors (YIoD), one of the Yemeni Business Club (YBC) projects, implemented the first part of the Accredited Board Member Series program for the tenth run. The program was attended by members of the board of directors of elite Yemeni companies and banks on Wednesday and Thursday 1-2 February 2023. The first part gave the general entrance for corporate governance, forms and composition of boards of directors, methods of board evaluation, and the board’s most important roles and tasks. In addition to the internal and external frameworks of governance.

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Board Of Directors Series Program (BDS)-Run 9 Part 4

by Training program news

The Yemeni Institute of Directors (YIoD), one of the entities of the Yemeni Business Club, implemented on Tuesday and Wednesday  13-14 December 2022 with the methodology of the International Finance Corporation (IFC), the fourth part of the Board Member Series program in its ninth run for members of the board of directors in many companies and banks, where the program focused on Its legal part is on the legal details of the board of directors and what matters to the members of the board of directors to know about protecting the rights of shareholders and settling disputes within the board.

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Board Of Directors Series Program (BDS)-Run 9 Part 3

by Training program news

On Monday and Tuesday 28-29  November  2022, the Yemeni Institute of Directors (YIoD), one of the Yemeni Business Club entities, implemented the third part of the Board Member Series program in its ninth run, using the IFC methodology, for board members in many companies and banks. The program focused on Its financial part and contains the financial details of the board of directors. What matters to the members of the board of directors is knowing about financial management, disclosure, and transparency. The participants in the program will complete the last part according to the program’s plan on the legal topic.

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Board Of Directors Series Program (BDS)-Run 9 Part 2

by Training program news

On Tuesday and Wednesday, November 8-9, 2022, the Yemeni Institute of Directors (YIoD) implemented the second part of the Board Member Series program BDS-9  with the IFC methodology, in its ninth run, for members of the board of directors of elite Yemeni companies and banks. During this part, the role of the board of directors was discussed in Managing the company’s strategy, the interaction between the board of directors and the company’s management, and many of the topics that were addressed in the aspect of planning and succession of power. The issue of involving women in boards of directors and senior leadership was also discussed.

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Board Of Directors Series Program (BDS)-Run 9 Part 1

by Training program news

The Yemeni Institute of Directors (YIoD), one of the Yemeni Business Club (YBC) projects, implemented the first part of the Accredited Board Member Series program for the ninth run. The program was attended by members of the board of directors of elite Yemeni companies and banks on Wednesday and Thursday 26-27 October 2022. The first part gave the general entrance for corporate governance, forms and composition of boards of directors, methods of board evaluation, and the board’s most important roles and tasks. In addition to the internal and external frameworks of governance. What is worth mentioning here is that, for the second time, we delivered the part about the importance of the presence of women on boards and business leadership.