(MENAFN - Arab Times) The Global Center, College of Business Administration and KGL Holding organized recently a lecture presentation by Professor Nabil El-Hage entitled "Leadership & Corporate Governance For Sustainable Growth" at the Abdullah Al-Jaber Hall, Kuwait University. The event was attended by key executives both from the public and private sectors. This was the second lecture following the successful series conducted by Nabil El-Hage in 2009 under the patronage of his Excellency, Deputy Prime Minister and Minister of Foreign Affairs, Sheikh/ Dr. Mohamed Sabah Al-Salem Al-Sabah, entitled "Disarray in the Capital Markets, is the World Ending?" This initiative is in line with KGL Holding's Corporate Citizenship in seeking every opportunity to help in the advancement of education in the communities it serves.
KGL Holding's active partnership with The Global Center has been providing a forum for International Exchange, Development and Leadership Program by continuously providing executive training programs and inviting world-renowned speakers and experts to conduct seminars and workshops for the private and public sectors as well as for non-profit organizations.
The presentation tackled the ever-changing landscape of the business world that used to be considered straightforward responsibilities to shareholders that has become a tangle of stakeholders, with conflicting goals and objectives. In his lecture, El-Hage stressed that business leaders need help and guidance with the challenges of navigating this new multi-stakeholder landscape.
The global financial crisis of 2008 attested that the presence of effective leadership that provides strategic guidance and strong corporate governance is crucial to the long term resilience and sustainability of corporations. In fact, strong and effective corporate governance is not just a cost center; it can and should be a source of significant strength.
During the three-hour session, El-Hage outlined the meaning of corporate governance and explored who are the stakeholders in every company and the nature of the responsibilities of the directors to them and how to fulfill those responsibilities. He made the attendees understand clearly the role of the Board and fiduciary responsibilities of directors to stakeholders, thereby developing heightened awareness of the changing legal, regulatory and business environment, and reflect on its immediate and long term implications for board. The attendees also were given some guidelines in discovering whether or not their current leadership behavior positively impacts their organization's performance.
Nabil El-Hage is the Program Director at the ICLIF Governance Center and recently served as Professor of Management Practice at Harvard Business School where he was also Senior Associate Dean. He has served on a dozen boards of private and public companies, ranging from start-ups to several billion dollars in revenues. He was the president of the Yale Club of Boston from 2005 until June 2007. He is currently the independent Chairman of the Mass Mutual Premier Funds, a 10 billion mutual fund complex. El-Hage is a graduate of Yale University with a degree in Electronic Engineering and earned his MBA with the highest honors, as a Baker Scholar, from Harvard Business School, where he was awarded the Henry Ford Foundation Award for the Best First-Year Academic Record.
Kuwait & Gulf Link Holding (KGL Holding) is the premier provider of integrated Supply Chain Management (SCM) services. Headquartered in Kuwait with operations in the GCC and MENA region, KGL Holding fulfills the Transportation, Logistics, Port Management, Shipping and Freight Forwarding needs of countless regional and international clients. The Company's SCM services are complemented by a range of Passenger Travel Management, Real Estate and other Support Services. KGL Holding operates through a network of highly integrated Business Units to offer comprehensive services to its customers in the Middle East, Africa and beyond. KGL Holding's address on the World Wide Web is: www.kgl.com