(MENAFN - Arab Times) Under the auspices of His Excellency, Dr Mohamed Al Hashel, Governor of the Central Bank of Kuwait, Chairman of the Board of Directors of the Institute of Banking Studies (IBS), the IBS conducted a closed seminar for the chairmen and board members of Kuwaiti banks on Nov 28, at the Sheraton Kuwait hotel. The Seminar addressed the critical issue of Corporate Governance.
Corporate Governance is essential in the financial services sector as one aspect of risk management practices and controls. In turn, this improves all aspects of business leadership and management particularly the quality of lending, access to affordable capital and management structures, which will increase decision making capacity and strengthen operational efficiency - prerequisites to the financial services sector becoming competitive in a global marketplace.
The closed seminar were facilitated by Professor Krishna Palepu, Harvard Business School, USA, and Yousef J. AlObaid, Deputy Governor of the Central Bank of Kuwait. Professor Palepu covered this critical topic from an international perspective; whilst AlObaid reviewed the Central Bank of Kuwait's regulations pertaining to Corporate Governance issues.