Advancing Corporate Governance in the Middle East and North Africa: Stories and Solutions
This new publication presents real-world, practical examples of how companies in Middle East and North Africa (MENA) region overcame barriers and improved their governance practices in ways that benefited performance and growth. The featured companies have taken an incremental, nuanced approach, focusing on the corporate governance improvements most applicable and relevant for their size, industry, market, ownership structure, and corporate strategy. The cases demonstrate how key principles can be translated into actual practice to elicit tangible results.
The guide is based on interviews conducted with medium-sized enterprises, larger companies, and banks in MENA. A conscious effort was made to include family-owned companies in this guide, along with state-owned enterprises, companies with private equity interests, and other forms of ownership.
A Tale of Two Companies
Interview with Slim Othmani (French with Arabic subtitles):
Watch the whole video: Corporate Governance Success Stories from the Middle East and North Africa (23 minutes, French, English, and Arabic with Arabic subtitles)
Structure and Themes of the Guide
Five motivating factors as key reasons for investing in corporate governance.
- Access to Capital and Attracting Investors
- Improving Employee Motivation
- Risk Management
- Managing Growth
- Family Succession
Case Studies: companies representing different sectors and countries in MENA profiled.
This section examines four areas of improvement that will drive corporate governance change.
- Board of Directors: Improving and Clarifying Board Functions
- Risk and Control: Anticipating Risks and Establishing Internal Controls
- Transparency: Fostering Transparent Practices
- Family-Owned Enterprise Governance: Introducing New Corporate Governance Practices
The publication and video were produced by the Center for International Private Enterprise (www.cipe.org) and the Global Corporate Governance Forum (www.gcgf.org), with financial support from the National Endowment for Democracy (www.ned.org).
- Access to Information
- Business Association Development
- Combating Corruption
- Corporate Citizenship (CSR)
- Corporate Governance
- Democratic Governance
- Informal Sector & Property Rights
- Legal & Regulatory Reform
- Middle East & North Africa
- Latin America & the Caribbean
- South Asia