The CEO of Qatar Exchange Mr. Rashid Al-Mansoori stressed on the fact that Qatar Exchange have a natural interest in the development of Qatar’s family companies in the areas of corporate governance as the key driver for long-term success, which will lead to improvements in the running of companies and therefore an increased contribution to Qatar’s economic success.
In a speech delivered in the economic forum “Governance Practices in the GCC Family Firms”, held in St. Regis Hotel this morning, Mr. Al-Mansoori called on listing the family companies in Qatar Exchange as a real important step to ensure success and sustainability of these companies, especially in view of the fact that these companies play a significant and vital role in the GCC economies. He added that the role of family firms can be enhanced through listing these companies and improving their governance practices as the foundation of a successful business, which will increase their performance, productivity, and stand them in good stead regardless.
Mr. Al-Mansoori stated that the corporate governance is based on the decision-making processes, procedures, and as importantly management attitudes that assist the company in achieving its objectives. It is the environment within which decisions are made and importantly power exercised. As a result, as companies seek to improve the professionalism of its activities, it needs to give greater thought to issues of governance.
He stressed that the suggestion to develop effective governance processes may lift a significant burden from the founder, perhaps enable a swift succession and in the end allow access to a wider pool of know-how. The result can often be improved leadership, decision-making and strategic vision.
No comments:
Post a Comment