The Yemeni Business Club (YBC) organized its sixth Corporate Governance training course in cooperation with the International Finance Corporation (IFC) on June 4&5 2013 with the participation of 24 trainees mostly from directors, board members in the private sector and the public sector.
Dr. Mohammed Hamanah, the executive director of the Yemeni Business Club said that the training course aims at raising and spreading awareness of the concept of governance among the private sector as one of the newest economic concepts , which seeks to build the capacity of private institutions and companies .He added that governance is considered the set of relations a and regulations among the administrators of the company, the Board of Directors and the shareholders. Actually it’s a system through which institutions and companies can assess their performance to ensure the sustainability of the business.
The training was given by an elite of trainers accredited by the (IFC) : Dr. Amira Alsaeed-Egypt , Dr. Mohamed Radwan-Egypt and Dr. Dawood Alhedabi-Yemen.
The session emphasized that the overall economic development process will depend on the existence of institutions applying best practices in Corporate Governance.
Virtually the Yemeni Business Club (YBC) has the first initiative to introduce the concept of corporate governance in Yemen and has organized conferences, seminars and training programs, as well as issuing relevant guides. The club also provides relevant consulting services by experts and consultants who have been trained well in collaboration with the local and international partners.