• Dr. Omran: The Egyptian Institute of Directors (EIoD) is a lighthouse that raise awareness of governance principles and its best practices
• Dr. Omran: Link the training programs of the (EIoD) to the requirements of complying with the rules regulating governance process
Dr. Mohammed Omran – FRA’s Chairman issued a decision to appoint Dr. Mohammed Mostafa Soliman as the new Executive Director of the Egyptian Institute of Directors, succeeding Mr. Gamal Khalifa who reached retirement age.
FRA’s Chairman expressed his thanks and appreciation for the performance and efforts exerted by the former Executive Director and (EIoD) achievements last year. On the other hand, FRA’s Chairman wished success for Dr. Soliman in his mission to continuously develop the training plans and introduce educational programs provided by the (EIoD) all together with its awareness-raising activities in the governance process during the coming period.
In its last session last week, the Board of Trustees of the Egyptian Center of Directors, chaired by Dr. Mohammed Omran, reviewed the implementation of the (EIoD) general policy. The Board approved the (EIoD) plans and performance in the field of training, consulting and research in light of the amendments added to listing and delisting rules in the Egyptian Stock Exchange during the third quarter of 2018. These rules represents the legal framework regulating listing and delisting of securities on the Egyptian Stock Exchange pursuant to the provisions of Article (16) of the Capital Market Law. Listing and delisting rules regulate all issues related to companies, Egyptian and foreign entities wishing to be listed on the Stock Exchange and foremost among these issues are disclosures and governance requirements.
Mr. Gamal Khalifa expressed his gratitude for leading the (EIoD) staff during the last four years. He added that he was satisfied with his achievements culminating in the issuance of the Egyptian Corporate Governance Guide prepared by the Egyptian Institute of Directors (EIoD) since 2005.
It is worth mentioning that the new Executive Director of the Egyptian Institute of Directors (EIoD) has already designed several governance systems for leading companies in the Arab Stock Exchanges. He has a number of scientific researches and books in the field of governance in Arabic and English. He obtained his PhD in corporate governance from Durham University in England. He was Head of Accounting and Finance at the Arab Academy for Science & Technology and Maritime Transport.
Since its establishment in 2003, the Egyptian Institute of Directors (EIoD) has been a leading institute in Egypt and the Arab region. The (EIoD) is the first training, consulting and research center to provide services to public and private financial institutions operating in Egypt, Middle East and North Africa region. The (EIoD) is raising awareness of governance rules and its best practices through various conferences, seminars, workshops, training programs, consultations and researches. Also, the (EIoD) offers various services to shareholders of companies, investors, BOD chairmen and members and senior executives in various types of banks and companies in the private sector, public sector and public business sector, whether listed or unlisted on the Stock Exchange.