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Korn/Ferry invests in the future of corporate governance across Middle East

United Arab Emirates: Wednesday, July 09 - 2008 @ 15:31

The partnership is designed to further Hawkamah and Korn/Ferry International’s common goal of promotiong global corporate governance and the appointment of truly independent non-executive directors.

“As the region continues to experience significant growth, the demands on companies and their boards of directors will intensify,” says Metin Mitchell, Managing Director of Korn/Ferry International, Middle East and North Africa. “Leveraging our experience in appointing chief executives and non-executive directors in the Arab world and internationally, our partnership with Hawkamah will be a critical contribution to improving the quality of corporate governance in the MENASA region.”

Dr Nasser Saidi, Executive Director of Hawkamah added:

“Improving corporate governance will be critical for sustaining economic growth and wealth creation in the MENASA region, with its emerging financial markets and the dominant role of families. As the primary driver of corporate governance reform in the region, Hawkamah is committed to raising the standards of corporate governance across the Middle East. We welcome the support, knowdgle and global experince of Korn/Ferry on our mission to promote and develop corporate governance best practices among companies operating in the region.”

Korn/Ferry is the latest of a series of private sector sponsorship agreements with Hawkamah, which include PricewaterhouseCoopers, MasterCard, AIG, TNI, Emirates Bank-NBD, Bank of Sharjah, Abraaj Capital and other major corporations.

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Wednesday, July 9- 2008 @ 15:31 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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