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  • Hany Abou El Fotouh - Press Quote

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    SPRING is working with SID to deliver this customised course on governance and risk for growing enterprises. 48% of investors are willing to pay additional premium over stock prices for companies known to implement sound corporate governance practices. Good governance practices also pave the way for companies to attract additional investors for growth, rather than relying on bank borrowing.

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    SPRING is working with SID to deliver this customised course on governance and risk for growing enterprises. 48% of investors are willing to pay additional premium over stock prices for companies known to implement sound corporate governance practices. Good governance practices also pave the way for companies to attract additional investors for growth, rather than relying on bank borrowing.

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    8 visualizzazioni1 pagina

    Hany Abou El Fotouh - Press Quote

    Caricato da

    hanyfotouh
    SPRING is working with SID to deliver this customised course on governance and risk for growing enterprises. 48% of investors are willing to pay additional premium over stock prices for companies known to implement sound corporate governance practices. Good governance practices also pave the way for companies to attract additional investors for growth, rather than relying on bank borrowing.

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    16Aug2010 OpeningAddressbyMsChoySauwKook,AssistantChiefExecutive,SPRINGSingapore,atSIDSPRINGOLAMCorporateLeadershipProgrammeon Monday,16August2010,9.15amatAquarius/PiscesRoom,MarinaMandarinSingapore MrJohnLim,Chairman,SID LadiesandGentlemen 1.Goodmorningandawarmwelcometoeveryone.IamdelightedtojoinyouhereattheinauguralrunoftheRiskManagement&CorporateGovernance Programme,inpartnershipwithSingaporeInstituteofDirectorsandOlamInternationalLimited.ThisisthefirsttimeSPRINGisworkingwithSIDto deliverthiscustomisedcourseongovernanceandriskforgrowingenterprises.

    Riskmanagement&corporategovernanceforSMEs
    2.ManySMEsconsidercorporategovernanceasonlyrelevanttolargecompanies.Goodgovernanceisnotjustaboutwithcompliancewithformalrulesand regulations.Rather,itisaboutestablishingaframeworkofcompanyprocessesandattitudesthataddvaluetothebusiness,itsreputationandensurelongterm continuityandsuccess.Soundgovernancepracticesleadtoimprovedinternalcontrolsystemswhichresultsinmoreaccountabilityandhigherprofitability.Soin essence,allcompaniesregardlessofsize,standtobenefitfromgoodcorporategovernance. 3.Accordingtoarecentsurvey1 ,morethan48%ofinvestorsarewillingtopayadditionalpremiumoverstockpricesforcompaniesknowntoimplementsound corporategovernancepracticesasopposedtoothercompanieswhichmayhavethesamelevelofprofitabilitybutarecharacterizedwithinefficientmanagementora recordofpoorgovernancepractices. 4.Goodgovernancepracticesalsopavethewayforcompaniestoattractadditionalinvestorsforgrowth,ratherthanrelyingonbankborrowing.Forunlisted companies,ownershavelimitedabilitytoselltheirstakesandarethereforecommittedtostayingwiththecompanyforthemediumtolongterm.Goodgovernancewill enhancetheconfidenceofpotentialinvestorsinthesecompanies.ForcompaniesconsideringIPO,soundgovernanceandriskmanagementareimperative.

    LeadershipdevelopmentinSMEs
    5.RecognisingtheimportanceofgoodgovernancepracticesinSMEs,SPRINGpartneredSIDandOlamtodevelopthisprogramme,underSPRINGsBusiness LeadersInitiative(BLI).Launchedin2007,itaimstodevelopcurrentandfuturebusinessleadersforSMEs.InpartnershipwithIHLsandcorporateinstitutes,theBLI extendscustomisedleadershipandmanagementprogrammestoSMEleaders. 6.OlamInternationalisaleadingglobalsupplychainmanagerandprocessorofagriculturalproductsin64countries,deliveringproductstoover10,000customers globally.Besidesbeingknownforitsvalueaddedservices,Olamsstrengthliesinitssoundriskmanagement.WewishtothankMrRajeevKadamwhohaskindly agreedtoshareOlamsexperienceinmanagingitsriskanditscorporategovernanceframework,whichwillprovidevaluablelessonsforourSMEs.

    Conclusion
    7.WehopethatthisprogrammewillgiveourSMEleadersagoodunderstandingofwhatcorporategovernanceandriskmanagementisallabout,andhowitcanbe effectivelyconductedandappliedtohelpyourcompaniesgrowandsucceed.Maythesetwodaysoflearningandexchangeyieldusefulinsightsforyou.Andonbehalf ofSPRING,IwouldliketothankSID,Olamandallthetrainersforyourcontributionsinmakingthispossible. 8.Iwisheveryoneafruitfullearningjourneyahead.Thankyou. 1 Source:OnlinearticlebyHanyAbouElFotouh:DirectorPolicy&CorporateAffairs,CICapitalHoldingtheinvestmentbankingarmofCommercialInternationalBank,Egypt,May2009

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