Waqf fund discusses Shareholder activism
Manama : “Shareholder activism is a trend that is here to stay and no region is completely immune to it,” Dr. Nabil El-Hage, a corporate governance expert and former professor at Harvard Business School, informed the participants of the 7th Corporate Governance (CG) workshop organised by the Waqf Fund.
24 chairpersons, CEOs and board members of Waqf Fund member institutions attended the session.
Dr. El-Hage presented five cases including a hostile takeover attempt, attacks on large and well-known companies and the issue of fiduciary duty owed to clients by underwriters. These included diverse industry segments such as railroad, technology, fast moving consumer goods (FMCG) sector, real estate investment trusts (REITs) and an online toy selling company.
The Waqf Fund, which hosted the workshop, has been serving the Islamic finance industry in Bahrain since 2006. It offers several programmes targeted to Islamic finance practitioners, Shari’ah resources and other stakeholders. The Waqf Fund has 22 member institutions including the Central Bank of Bahrain.
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