KUALA LUMPUR: A seminar aimed at increasing awareness of corporate governance issues in Islamic finance including banking, insurance and capital markets will be held on March 11 and 12 in Manama, Bahrain.
To be jointly organised by the Islamic Financial Services Board (IFSB), the World Bank's Group Corporate Governance Department and the IFC Global Corporate Governance Forum, the seminar will particularly look at collective investment schemes among financial regulators and market participants.
It will be structured around the corporate governance standards developed by the IFSB with insights from regulatory officials, corporate governance specialists from international multilateral agencies and industry practitioners.
Bahrain central bank governor Rasheed Mohammed Al Maraj and IFSB secretary general Professor Rifaat Ahmad Abdel Karim will deliver the opening and welcoming remarks.
Peter Dey, chairman of IFC's Private Sector Advisory Group, will deliver his keynote address on Cross-Sectoral Approach toward Good Governance.
Dey served as chairman of the Toronto Stock Exchange Committee on Corporate Governance in Canada that was responsible for the release of a report entitled Where Were the Directors, also known as Dey Report, in December 1994.
The seminar's main objectives are to highlight corporate governance issues specific to institutions that provide Islamic financial services and to help regulators and market participants improve their understanding of these especially as the Islamic financial services7 industry continues to grow rapidly within the global financial system, it said. – Bernama
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