Importance of Transparency and Disclosure for SMEs
Transcription
Importance of Transparency and Disclosure for SMEs
Importance of Transparency and Disclosure for SMEs Almas Conference Centre, Almas Tower, JLT Tuesday, 25 November 2014 8:30 am to 11:00 am Overview: This seminar will provide a general understanding about the extent of transparency and disclosure requirements Small and Medium Enterprises (SMEs) need to comply with in order to have better access to finance. The Seminar will also focus on the basic disclosures required to be made by SMEs in order for stakeholders to be able to make informed decisions about the SMEs business. The seminar will cover both Financial and Non - Financial disclosures for SMEs. Transparency and Disclosure is one of the key pillars of Corporate Governance good governance framework and practices can help SMEs to prepare for future expansion. Who should attend? Business Owners Board Members C-Suite Officers Senior – Middle Managers Compliance Officers Board Secretaries Those responsible for developing and implementing corporate governance framework and practices What you will learn? The minimum disclosure requirements for SMEs Financial and Non -Financial disclosures Basic Financial Reporting Disclosures for SMEs How will you learn? We will use a combination of presentations and facilitated interactive learning methodology including live voting technology during the delivery of the Seminar. Attendance is free for DMCC Free Zone member companies. RSVP required due to limited seating; please contact events@dmcc.ae AGENDA 8.30 – 09.00 - 09.00 – 09.15 - Welcome note and Updates by DMCC Krysta Fox – Director, Free Zone - Importance of Disclosure and Transparency For Businesses Dr. Ashraf Gamal El Din Hawkamah - Basic Financial and Non - Financial Disclosures and Means of Disclosure Muhammad Faraz Howarth Mak 10:15 – 10:35 - Corporate Governance Standards for Disclosure and Transparency for SMEs Jahanara Sajjad Ahmad Hawkamah 10:35 – 11:00 - 09.15 – 09.45 09.45- 10.15 Registration, networking and Refreshments. Q & A session About the speakers: Dr. Ashraf Gamal El Din is the Chief Executive Officer of Hawkamah, the Institute for Corporate Governance. Prior to joining Hawkamah, Dr. Ashraf was the Executive Chairman of Egypt Post. Before that, he was the Deputy Executive Director of the Egyptian Banking Institute, the training arm of the Central Bank of Egypt. He was also the founder and Project Manager of the Egyptian Corporate Responsibility Center working on promoting the concepts and application of CSR in Egypt. Furthermore, he was the Executive Director of the Egyptian Institute of Directors (EIoD), the Institute of Corporate Governance in Egypt and the Arab Region Dr Ashraf served as a board member and head of the Audit Committee in a number of listed, non-listed, State Owned and family owned companies. He also served a member of the General Assembly of the Holding Company for Transportation. Furthermore, Dr. Ashraf is an Associate Professor of Management, Faculty of Commerce, Cairo University and holds a PhD degree from Manchester University, UK, and a Master’s degree in Public Administration from Carleton University, Canada. He further holds a Bachelor degree in Business Administration from Cairo University with highest honor. Dr. Ashraf worked as head of Business Administration Department at Nile University for Graduate Studied, affiliated with the Ministry of Communication & Information Technology. Since 1997, he taught a large number of management and business courses in Egypt, the US, and the Gulf Area. Jahanara Sajjad Ahmad is Manager Corporate Governance at Hawkamah, responsible for driving Hawkamah’s Task Forces on Corporate Governance of State Owned Enterprises, Islamic Banks and Insolvency and Debtor Creditor Rights leading to the task of implementing the Policy recommendations culminating out of the work of the Task Forces throughout the MENA region. Prior to joining Hawkamah, she was Director Securities Market Division at the Securities and Exchange Commission of Pakistan where she was responsible for regulating the Primary Capital Market of Pakistan, ensuring adequate disclosure in the prospectuses of companies proposing to be listed on the Pakistan and the International Stock Exchanges, Development of the Debt Capital Market, Licensing of Special Purpose Vehicles, Monitoring the implementation of the Takeovers and Acquisition Law for Listed Companies and Enforcement of the Code of Corporate Governance of Pakistan. Jahanara is a fellow member of the Institute of Chartered Accountants of Pakistan. Muhammad Faraz is a Chartered Accountant from Pakistan with enriched auditing and accounting skills. He is currently working as an Audit Quality Manager with Horwath Mak (DMCC) office, Auditors and Business Advisor, a member firm of Crowe Horwath International, ranked among the top 10 global accounting networks. He is an Associate Member of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) with over 10 years of experience specializing in Audit and Financial Reporting. He has strong experience in IFRS (International Financial Reporting Standards) application. He has wide experience in a variety of industry segments like trading, servicing, manufacturing and retailing.