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Governance And Its Impact On The Institutional Development of Islamic Banks

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The Yemeni Institute of Directors affiliated with the Yemeni Business Club organized In Sana’a, on Saturday 28 February, a workshop on “Governance and its Impact on the Institutional Development of Islamic Banks” was conducted. The workshop targeted Al-Thiqa Islamic Bank.

The workshop, in which a number of administrative leaders in the Islamic Solidarity Bank participated, aimed at identifying best practices in the governance of banks, the benefits accruing to them, the importance of governance in Islamic banks, the role of the Board of Directors in applying its principles in banks, their requirements, rules and factors contributing to the proper application of the governance system and the legal framework And control of the governance of Islamic banks.

In the workshop, two members of the Board of Directors of the Islamic Solidarity Bank, Mohamed Abdou Said and Dr. Abdo Al-Daqqaf pointed out to the importance of the workshop in defining the concept of governance, its application and its role in the development process .. Noting that the workshop will represent a significant addition for the participants from the concerned departments and raising the level of performance in the bank … stressing that successful institutions depend on good governance and transparency.

For his part, the Institute’s Executive Director, Ahmed Al-Faqih, reviewed the objectives and program of the workshop, which comes within the framework of an integrated program to raise awareness of corporate governance.

He stressed that the symposium aims to involve all those interested in the administrative, accounting and legal field in disseminating the concepts of governance and its applications to ensure the continuity and development of the Yemeni economy..

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Awareness Workshop On The Concepts of Governance For Small And Medium Companies

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As part of the activities of the awareness forum on corporate governance concepts, the Yemeni Institute of Directors in cooperation with the Yemeni Association for Business Development held on Thursday, March 19, 2015 the awareness workshop on the concepts of governance for small and medium companies in Yemen, where the workshop focused on communicating the concept of governance and its importance in light of the current economic conditions in Yemeni companies and some Suggested solutions for companies to maintain their progress and sustainability in light of applying best corporate governance practices

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BDS Program- Run 3- Part 4

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The Yemeni Institute of Directors, in cooperation with the International Finance Corporation, concluded on February 3-4, 2016 the fourth and final part of the training program, a series of developing the skills of members of boards of directors. This part dealt with the legal aspects of corporate governance and its relationship to Yemeni laws and legislation, where he has participated in the program that spans Four months twenty five members of the boards of directors and senior managers in several Yemeni companies and banks who praised the quality of the program in general for its importance in enhancing the success of their business in the short and long term. On Thursday, the Institute held a ceremony honoring the first and second batches of the same program, and many businessmen and prominent academic and social figures attended the ceremony. .

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The Founding Meeting of the Team preparing The Guide of Small And Medium Companies

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The Yemeni Institute of Directors inaugurates the founding meeting of the team preparing the guide for small and medium companies in Yemen.

The Yemeni Institute of Directors (one of the entities affiliated with the Yemeni Business Club) inaugurated the first founding meeting of the technical team for the preparation of a governance guide for small and medium enterprises in Yemen, which was formed from a professional group representing many authorities related to the topic of the guide.

In the first founding meeting, Sister Ghadeer Al-Maqahfi, the institute’s project officer, reviewed a brief definition of the institute, its activities and goals. After that, the idea of ​​the draft guide was presented by the acting director of the institute, Brother Muhammad Ismail Hamnah, followed by discussions by the participants that focused on setting priority ideas and dividing the basic stages. For the draft guide, and suggesting roles in principle among the participants, and the meeting concluded with useful recommendations for the work of the team in the coming days.

It is worth mentioning that the project comes as a joint cooperation between the Yemeni Institute of Directors and the International Finance Corporation, and the Institute has previously issued several similar guides related to the work of the private sector..

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TOT Program- Run 3

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The Yemeni Institute of Directors YIoD implemented the qualitative qualification program, preparing trainers in the field of governance (TOT) in its third edition, during the period 12-13 October 2016, in cooperation with the International Finance Corporation (IFC). Where the program aimed to prepare specialized trainers in the field of corporate governance with a focus on small and medium enterprises, where a number of trainers from different disciplines participated in the program (corporate governance – business administration – accounting and financial management – banking sciences – marketing – human resources – rights and law) . Participants praised the importance of having efficient trainers in corporate governance, which in turn are of urgent importance today.

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TOT Program- Run 2

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Thursday 27 October The Yemeni Institute of Directors (one of the entities of the Yemeni Business Club) in cooperation with the founders of International Finance concluded the second program for the year 2016 in preparing trainers in corporate governance, where the program was attended by 18 participants and participants from various administrative specialties. The program, presented by Dr. Adnan Al-Sada and Professor Anwar Mahyoub, focused on the primary keys to corporate governance and presentation skills for the category of members of boards of directors and senior managers in Yemeni companies. In a statement to Sister Ghadeer Al-Muqhafi, the Institute’s projects officer, she explained the importance of obtaining a professional and specialized local team in corporate governance so that the Yemeni business environment can receive the concept of corporate governance and start applying the best practices it recommends starting from awareness and ending with the true application of corporate governance requirements. The team is currently undergoing the necessary assessments to be able to take responsibility for application in the field. Participants showed their willingness, which was evident through their participation during the program.

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International Business Strategies Program

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Yesterday, Wednesday, February 1, the Yemeni Institute of Directors (one of the entities of the Yemeni Business Club) concluded in cooperation with the Finance Corporation in the Egyptian capital Cairo – its qualitative program, which lasted for two days and aims to build and improve the capabilities of Yemeni businessmen in light of the intense competition in the business environment. During the presentation of distinct strategies and practical cases to transfer and exchange the experiences and experiences of some companies while discussing the positive effects of governance on the resilience of companies in light of the intense competition and the existing economic conditions, this expert program in the development of international strategies was managed by Mr. Martin Testa, lecturer of the Faculty of Business at the University of Maastricht Dutch and many universities International. Where about 20 people participated in this program, representing the senior leadership of many Yemeni business enterprises

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Honoring Day Event

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On Thursday, February 23, the Yemeni Institute of Directors YIoD held an event to introduce the Institute’s programs for the year 2017 AD and honor participants in the 2016 programs in cooperation with the International Finance Corporation. The event was attended by leaders of many Yemeni companies and banks, women and businessmen, as well as representatives of government agencies such as the Ministry of Trade and Industry, the Central Bank, the Chamber of Commerce, and the General Union of Chambers of Commerce. It is worth noting that this event comes to serve the goal of the Yemeni Institute of Managers in raising awareness of the importance of corporate governance, banks and institutions, publicizing the benefits that accrue to their performance and ensuring their continuity and sustainability based on the application of best management practices.