Menafn.com

  • Subject : Call on KONRAD and TAGSB for Governance Institute and a Family Business Association
  • Date : 08-Jan-2012
  • Text :

    The “Corporate Governance for Family Business” workshop, recently concluded, stressed the importance of establishing a governance institute calling on HE Dr. Talal Abu-Ghazaleh, chairman and CEO of Talal Abu-Ghazaleh Organization (TAG-Org) to give this issue a priority.



    The workshop, hosted by Talal Abu-Ghazaleh Graduate School of Business (TAGSB), was jointly organized by Konrad-Adenauer-Stiftung (KAS) Amman and TAGSB under the patronage of HE Mr. Sami Gammoh, Minister of Industry and Trade.



    Addressing the workshop were HE Minister Gammoh, HE Dr. Abu- Ghazaleh, Dr. Martin Beck, resident representative at Konrad-Adenauer-Stiftung, and Mr. Mustafa Nasreddin, senior executive director at TAG-Org who underlined family businesses, their importance to the Jordanian economy, challenges facing them, and legal requirements governing their operations.



    The participants agreed upon the formation of the Jordanian Association of Family Businesses and assigning Mr. Loay Abu-Ghazaleh to be in charge of its organization.



    It has been agreed to form a committee of the following: Mahmoud Ababneh- Saleh AL Raggad- Sami Kharabsheh- Ali Al Shraideh- Dr. Khaled Al Rajha- Arwa Najdawi- Yusef Bishtawi- Fuad Kreishan- Ahlam Naser- Yunes Jamra- Fadi Al Dawoud- Khaldoon Zeenati- Muna Khleifat.



    The meeting where this committee will be formed is going to be held early 2012.



    Other recommendations included the need to organize a similar workshop in cooperation with KAS on financial corruption in private and public sectors in 2012 and the formation of an integrated system on corporate governance focusing on family businesses which will be conducted by TAG-Org and KAS.



    The participants also underscored the necessity of adapting international standards and guidelines to the needs of the Jordanian economy.


    Talal Abu-Ghazaleh Graduate School of Business

    Talal Abu-Ghazaleh Graduate School of Business (TAGSB) was established in 2006 to offer high quality business programs. It is the first college of its kind to represent a partnership between the private and the public sectors in the Arab world. This unique partnership brings the business expertise of Talal Abu-Ghazaleh Organization (TAG-Org) to the academic world of the German Jordanian University (GJU).



    TAGSB offers MBA degrees in one of the following concentrations: International Accounting, Management, Quality Management, Human Resources Management, Banking and Finance, Marketing and Islamic Business Finance.


    Konrad Adenauer Foundation (KAS)
    Committed to advancing and maintaining democracy, freedom, and justice in the world, the Konrad-Adenauer-Stiftung (KAS) with its headquarters in Berlin has continuously worked in the various fields of social, economic, educational, cultural, environmental, and security politics in an effort to strengthening political stability, economic prosperity, regional integration, and mutual understanding since 1955. In Jordan, KAS has been active through its Amman Office for more than 25 years aiming at sustainable social, political, and economic development.


    http://www.menafn.com/pr/pr_news_story_s.asp?StoryId=1093470681