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Mumtalakat training push for executives.

MANAMA:Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has launched the Mumtalakat-INSEAD International Directors Programme, in partnership with international business school INSEAD.

It is a corporate governance training initiative for its nominee directors appointed to the boards of its portfolio companies.

The senior executive training progamme was held under the patronage of Deputy Prime Minister and Mumtalakat chairman Shaikh Khalid bin Abdulla Al Khalifa, and INSEAD has designed the customised executive development and training programme to provide Mumtalakat's existing and newly appointed directors with an overview of practical and tested frameworks as well as tools to refine judgment, sharpen decision making and augment their oversight abilities.

"At Mumtalakat, we are committed to constantly improving corporate governance and transparency across our organisation and within our portfolio companies to create world-class organisations," Mumtalakat chief executive Mahmood Al Kooheji said.

"The programme aims to serve these objectives by empowering our directors to make decisions that are in the best interests of the companies they are appointed to and their respective shareholders."

Mumtalakat is considered amongst the world's most transparent sovereign wealth funds with a rating of nine out of 10 on the Linaburg-Maduell Transparency Index which is issued annually by the Sovereign Wealth Funds Institute.

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Publication:Gulf Daily News (Manama, Bahrain)
Geographic Code:7BAHR
Date:Sep 1, 2014
Words:219
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