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Boursa Kuwait holds workshop – ‘The New Era of Corporate Governance in Kuwait’

Attendees at the workshop
Attendees at the workshop

KUWAIT CITY, June 6: Boursa Kuwait recently held its first workshop on ‘The New Era of Corporate Governance in Kuwait’, which addressed the impact of investors’ trust and market liquidity, in line with its mission driven approach and its aim to create a platform to enhance communication with its stakeholders and to build up and enrich their knowledge and thought leadership on technical issues.

The workshop, which was held on Wednesday June 1, 2016, at the Boursa Kuwait headquarters, targeted portfolio and collective investment system managers and brokerage firms.

The workshop was initiated by Mohamed Al Osaimi, Markets Executive Director- Boursa Kuwait, who welcomed the attendees and briefed them about the company’s strategy and its main objectives, which are to create an attractive platform for issuances, expand the investor base, enhance the efficiency of the market infrastructure and launch products in line with international markets.

It was then followed with a presentation given by Ahmed Al Kiswani, Risk, Compliance and Corporate Governance Executive Director — Boursa Kuwait, where he highlighted the developments of Kuwait governance in light of the CMA’s executive agenda. Kiswani also touched on the main pillars of good corporate governance, which include transparency, accountability and risk management and the impact it has on reinforcing investors’ trust and their ability to make the right investment decisions. The session also covered the modern techniques and pioneering practices adopted to calculate market liquidity and link it to governance indicators across different market segments.

Boursa Kuwait, which assumed responsibility for the Kuwait Stock Exchange (KSE) operations on April 25, 2016, will continue to create opportunities to engage with its stakeholders and ensure that it delivers the three core pillars of transparency, efficiency and accessibility.

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