DIFC Establishes Institute of Directors

by Lorys Charalambous, Tax-News.com, Cyprus

14 February 2008

The Dubai International Financial Centre (DIFC) on Tuesday announced the establishment of Mudara, or the Institute of Directors (IOD), which aims to become a leading body for the region, promoting excellence at board level, and facilitating professional development through education, networking, and services to members.

Commenting on the launch, Dr Omar Bin Sulaiman, Governor of the DIFC, stated that:

"As the business landscape in the Middle East continues to develop at a rapid rate, it is important to develop professional and independent directors, and for existing directors to continue to improve their skills and performance. Mudara- The Institute of Directors will play a significant role in providing accredited education programmes for directors across the region, and guiding members to follow best international practices. IOD will build an exclusive base of Board members in the region through its membership profile."

Mudara- The Institute Of Directors (IOD) is a representative body for directors and professionals in leading corporations, with membership drawn from private and public sector enterprises in the Middle East and North Africa region (MENA).

Established at the DIFC, the IOD's vision is to be the region's leading international best practice professional membership organisation for directors.

Under the leadership of its Executive Director, Khalid Al Sowaidi, and its Executive Director of Operations, William Foster, the Mudara- Institute Of Directors (IOD) aims to promote board effectiveness, so as to make a positive contribution to the performance of enterprises and economies, and thereby, to the wellbeing of the region.

The IOD will provide a range of services and relevant governance information to members through organised communications and activities, such as dialogue, advocacy, conferences, seminars, courses and advisory services.

In addition to offering a wide range of services, the IOD will enable members to benefit by drawing from the experience and expertise of a network of IOD branches and partnerships with recognised affiliate organisations.

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