Bourse wins award for governance [Gulf Daily News (Bahrain)]
(Gulf Daily News (Bahrain) Via Acquire Media NewsEdge) MANAMA: Bahrain Bourse (BHB) has won the award for the Best Corporate Governance, GCC, 2013.
The award was presented to BHB by Capital Finance International (CFI) for its efforts to implement corporate governance code (2010) issued by Industry and Commerce Ministry and Central Bank of Bahrain.
The CFI's panel said that management of the bourse appears to have a well thought out strategy for the future and that a strong focus on good corporate governance is very much part of their plan.
The panel added that it was laudable that BHB was also encouraging listed companies to improve on corporate governance and making efforts to persuade small and family business to come to the market.
"The achievement is a result of the policies adopted by the government that aims at ensuring and emphasising the implementation of best corporate governance," BHB chairman Yusuf Abdulla Humood said.
BHB. chief executive Fouad Rashid said that winning this award will be an incentive for all the bourse's stakeholders to put more efforts in order to contribute to the success and create more value for the market participants.
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