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The Egyptian Institute of Directors EIOD
The Presidential decree no. 231/2004 that established the Ministry of Investment stated that the ministry is to activate the institute responsible for educating and promoting the principles of Corporate Governance. Therefore, the Ministry has launched an initiative to establish the Egyptian Institute of Directors, EIoD. The EIoD is established in collaboration with the World Bank, IFC, and CIPE. The main mission of the EIoD is to create the proper awareness of Corporate Governance among Egyptian corporations, financial institutions, and other stakeholders who deal with corporations.
The EIoD has four main areas of activities:
Awareness: The EIoD is responsible for creating awareness among the Egyptian CEO's, Banks, and Investors of all the concepts related to Corporate Governance.
Training: The EIoD will design and deliver a variety of courses covering all areas of Corporate Governance. Therefore, the Institute has signed an agreement with the World Bank and University of North Carolina to train our trainers in the USA on the latest training techniques in the area of Corporate Governance. |
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Advisory Services: In order to facilitate the application of principles of Corporate Governance in Egyptian corporations, the EIoD will offer its services to the companies that need such services. Those services include company analysis in relation to Corporate Governance and advising them on how to improve their level of compliance with Corporate Governance.
Research & Policy Advise: The EIoD is keen on improving the practice of principles of Corporate Governance in Egypt; therefore, the continuous research on other countries' experiences in Corporate Governance is essential. Our research will cover both Egyptian as well as foreign companies' performance, impact assessment in companies that applied good corporate governance, problems expected at the early stages of application, etc. such research aims at enabling the EIoD to give the right recommendations and training based on real life practices.
Through our services, we enable Egyptian companies to be more transparent and to follow the right disclosure procedures. This serves the interest of the owners and shareholders as it reduces the risk of financial mismanagement. Therefore, it gives the company more access to finance as it becomes a more attractive alternative in the financial market. Consequently, Egyptian companies will be more competitive and will have better chances to grow, to make profits, and to create more jobs. |
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