a Joint cooperation protocol was signed between Alexandria Business Association and the Egyptian Institute of Directors affiliated to the Financial Supervisory Authority, at the Authority’s headquarters in the Smart Village, 6th of October.
The protocol aims to guarantee a number of advantages for members of the Association and employees of the member companies, including the provision of financial and administrative consulting services in addition to consulting in the field of governance and compliance, as well as providing training programs and granting certificates approved by the Financial Supervisory Authority at distinctive prices for members of the Association and employees of their companies, As well as providing all the approved training programs provided by the Center in Alexandria through Middle East Center for Development “MEDC” of Alexandria Business Association to facilitate members.
The protocol was signed in the presence of Dr. Mohamed Mehrem, Undersecretary of the Board of Directors and Mr. Adham Koretam, Executive Director of Alexandria Business Association.
Dr. Mohamed Mehrem, Undersecretary of the Board of Directors signed the protocol representing the Chairman of the Board of Directors and Dr. Mohamed Mostafa Soliman, Executive Director of the Institute at the Authority representing the Egyptian Institute with the presence of Mr. Mohamed Riad, Deputy Executive Director of the Institute .
It is worth mentioning that the Egyptian Institute of Directors is the first center that focuses on corporate governance in Egypt and the whole region in addition to introducing and promoting its principles and aims to spread and improve good corporate governance practices in many bodies
Such as listed companies, unlisted companies, family businesses and state-owned companies in Egypt, the Middle East and North Africa, the activities of the center target the managers, executives, shareholders and stakeholders.
The Center also collaborates with several leading international organizations such as the United Nations Development Program (UNDP), the World Bank, the International Finance Corporation (IFC), the Organization for Economic Cooperation and Development (OECD), the European Union and the Center for International Private Enterprise as well as with many domestic bodies.
The Center is supervised by its Board of Trustees, which is chaired by the Chairman of the EFSA. The Board is composed of a group of experts in the field of corporate governance and members of various bodies.
In addition to the heads of the boards of directors of major Egyptian companies and financial institutions. The Center provides a variety of services to the business community in Egypt and the region, including:
Organizing conferences to raise awareness of governance issues
Training courses on governance and related issues
Corporate governance consulting