Top CEO Conference: Addressing regional challenges

March 8, 2016 2:57 pm

Guests pictured at the Top CEO awards ceremony in 2015.

GCC stock markets shed a whopping $200 billion in combined market capitalization in 2015, a sign of truly stressful times for the CEOs of listed companies in the region.

This calls for a gathering of the region’s top business leaders to sit and discuss their concerns in an open environment. The Top CEO Conference and Awards, a day-long event, organised by TRENDS magazine (a sister publication of AMEinfo) in association with INSEAD Business School, aims to create an open dialogue among the region’s executives to ultimately help improve business in the region.

While the challenges differ from one industry to the other, many tasks and objectives are shared, like creating value for shareholders, driving diversity in the economy and generally performing in an ominous economic environment.

This year, the themes of the Top CEO Conference are quite diverse and quite relevant to the region’s business environment.

The dramatic drop in oil prices, the proposed introduction of taxes, cybersecurity and technology disruption in business are all topics discussed day in and day out in leading company’s boardrooms.

Returning for its second edition and scheduled to be held on April 5 in Dubai, the conference and awards also aim to further push anti-corruption and transparency agendas in the region.

Topics such as economic diversification, VAT and its consequences, education and talent, and the aspirations of youth, among others, will be discussed during the several sessions on the day of the conference.

Recognising leaders

Apart from the conference, the Top CEO Award will recognise successful business leaders in the GCC region, through a very transparent process. The award celebrates the business acumen of senior GCC business figures, highlighting those who have excelled.

Only the CEOs of listed GCC companies are evaluated, through an independent and transparent analysis of their financial statements. TRENDS magazine works with INSEAD to make sure that the ranking formula is accurate and with Hawkamah to ensure that corporate governance is part of the overall ranking. Applying an evaluation process of the highest standards makes Top CEO one of the most credible business leadership awards in the region.

“Along with independent auditors, TRENDS and INSEAD will ensure the transparency of the process. The awards’ stringent and open evaluation procedures make them the foremost leadership awards program in the region and a benchmark for business heads and their companies,” says Julien Hawari, Co-CEO at Mediaquest, the media company organising the event and publisher of TRENDS magazine.

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By AMEinfo Staff