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Company boards in the Middle East and North Africa (MENA) region are in some way reluctant to embrace training. In fact, for years consultants and governance professionals have tried to crack into this potentially lucrative market but often were unsuccessful. In this post, I will attempt to discuss the underlying causes that stand behind boards’ hesitation to undergo training and I will also touch upon ways to overcome such problems. Below are a number of explanations and pretexts that contribute to this unfortunate phenomenon in the MENA region.
Corporate Governance fervor was gaining ground in the Middle East and North Africa (MENA) region ever since the turn of the Century. All states in the region had embraced corporate governance in some shape or another. Governments across the region adopted corporate governance in an effort to draw foreign direct investments, enhance international competitiveness and investment climate, as well as develop their capital markets