Amman: The Board of Directors of the European Jordanian Institute for Business Development (EJABI) held a workshop on “Governance and Family Governance” on Sunday at Amman Chamber of Industry (ACI)’s headquarters, with the presence of representatives from a large number of industrial companies.
According to Jordan News Agency, EJABI Chairman and ACI Vice Chairman, Tamim Qasrawi, stated that governance is a fundamental pillar in building modern institutions, whether in the private or public sector. Qasrawi explained that this principle contributes to raising performance efficiency, ensuring compliance with approved laws and standards, and improving institutional performance by setting clear goals and effective strategies for implementation. He emphasized that governance is crucial in helping institutions confront challenges in an era of rapid change and increasing economic and social challenges.
In his address, Ghassan E. Nuqul, Chairman of Nuqul Group, highlighted the group’s stages in institutionalizing family business governance. He stated that the aim was to formulate clear policies and establish internal audit and oversight systems. This process culminated in the application of global governance practices, which enhanced the group’s ability to continue and expand.
Legal expert Dr. Tariq Hamouri discussed key amendments to Jordan’s Companies and Securities Laws, focusing on ways to enhance good governance, transparency, and the protection of the rights of shareholders and creditors.