GE backs Hawkamah efforts
Dubai, July 21, 2008
General Electric Company (GE) has signed a founding sponsor’s agreement with Hawkamah Institute to promote best practices in corporate governance in the Middle East.
Hawkamah is an autonomous association of corporate governance practitioners, regulators and institutions.
“Corporate governance plays a critical role in the development of modern businesses as it enhances investor trust and promotes transparent conduct,' said Nabil Habayeb, GE’s president and CEO for Mena region.
“As regional firms increasingly recognise the role of governance in sustaining and enhancing business growth, Hawkamah’s partnership with GE will contribute to enhancing the momentum for corporate governance excellence in the Middle East,” said Dr Nasser Saidi, executive director, Hawkamah.
Ethisphere magazine recently named GE one of the 'World's Most Ethical Companies.' GE received the top ranking in the Diversified Industrials Group within its overall rankings and was rated among the top 10 in many Government Contractor rankings.
GE is the only company in the diversified industries category to receive the award for the second straight year, according to an official.- TradeArabia News Service