Bahrain Mumtalakat Holding Company (“Mumtalakat”), concluded today its second Mumtalakat-INSEAD Directors Programme (MIDP), after the completion of three intensive modules from November 2015 to February 2016. The awards ceremony took place at Mumtalakat’s offices under the patronage of His Excellency Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister & Chairman of Mumtalakat.

Developed by the renowned INSEAD Business School and tailored to meet Mumtalakat’s objectives, the training was conducted for Mumtalakat’s directors and the representative directors appointed to the boards of its portfolio companies and focused on the latest developments of corporate governance, as well as the tools and processes to enable them to introduce best practices at their respective companies. The Programme Director was internationally renowned Ludo Van der Heyden, the INSEAD Chaired Professor of Corporate Governance and Academic Director of INSEAD Corporate Governance Initiative. The two editions of the programme were attended by over 45 directors.

During the ceremony, H.E. Shaikh Khalid bin Abdulla Al Khalifa handed out the programme certificates  awarded to the directors. Mr. Mahmood Hashim Al Kooheji, CEO of Mumtalakat delivered the closing remarks for the course in which he thanked the organisers and participants, and emphasised Mumtalakat’s commitment towards achieving the highest standards of corporate governance and transparency.

Commenting on the training programme, Mr. Mahmood Al Kooheji, said: “We are very pleased to have successfully completed the second edition of Mumtalakat-INSEAD Directors programme, and would like to extend our sincere gratitude to H.E. Shaikh Khalid bin Abdulla Al Khalifa, for his support, vision, and patronage of the programme. We would also like to thank Professor Ludo Van der Heyden and the entire INSEAD team for coming to Bahrain to offer the programme and to customise this unique programme to the governance needs of Mumtalakat and its portfolio companies.”

“At Mumtalakat, we continue to focus on improving corporate governance within our organisation and across our portfolio companies, and this programme is the ideal tool to help achieve these objectives by empowering our directors to make decisions that are in the best interests of the companies they are appointed to and those of their respective shareholders. Such programmes help to further establish Bahrain’s position as a leader in corporate governance.”

“INSEAD is proud to team up with Mumtalakat to help develop its elite directors by improving their governance practices and understanding”, said Prof. Ludo Van der Heyden, The INSEAD Chaired Professor of Corporate Governance and Academic Director of the INSEAD Corporate Governance Initiative. With the support and patronage of H.E. Shaikh Khalid bin Abdulla Al Khalifa, Deputy Prime Minister & Chairman of Mumtalakat and the wise leadership of its CEO, Mr. Mahmood Hashim Al Kooheji, Mumtalakat is becoming a regional leader in its field. Our first focus in this programme is to further develop the competences and the effectiveness of the director as a person, as a board member and an organisational custodian. We also remind directors that boards are collegial entities, that they are team members and that their principal objective is the effectiveness of the team, to the benefit of the organisation they serve, and ultimately to earn the trust of society”.