Dubai: ADCCG Organizes a Seminar on the Changing Role of the Board SecretarySource: www.export-egypt.com 4/11/2017, Location: Middle East |
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The Abu Dhabi Center for Corporate Governance at the Abu Dhabi Chamber organized, in cooperation with the GCC Board Directors Institute (BDI), a seminar on the changing role of the Board Secretary at the Chamber’s Tower in Abu Dhabi.
The seminar comes within a series of seminars the center is organizing to spread the culture of governance amongst companies and corporations in Abu Dhabi. More than 80 public and private companies in the UAE attended the seminar. Jane Valls, the Executive Director of BDI, said in her lecture that the Board secretary plays a vital role in bridging the gap between the Board Room and the executive management, especially in large companies. In such corporations, the Board secretary organizes Board meetings and AMG; keeps an open channel between the Chairman, CEO, major shareholders and stakeholder; and keeps the Chairman up to date on governance and organization matters. Valls said that the duties and tasks of the Board secretary revolves around providing professional and administrative support to the general assembly and the board, its committees and members; advising the board and senior management on legal, regulatory, and corporate governance matters; ensuring the company’s legal obligations are effectively discharged; ensuring that corporate governance is documented, communicated and periodically reviewed and followed in practice; and assisting in establishing and maintaining clear communication between the various governing bodies of the company and appropriate stakeholders. The lecturer added that the board should undertake a formal and rigorous annual evaluation of its own performance and that of its committees and individual directors. In concluding the seminar, Valls said that the Board secretary should be independent, have a unique relationship with the Chairman, enjoy a special relationship with the CEO and directors, demonstrate ethical behavior, and maintain a relationship with the shareholders. |
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