MEIRA partners with GCC BDI to conduct a strategic review of its Corporate Governance

The Middle East Investor Relations Association (MEIRA) has forged a strategic partnership with the GCC Board of Directors Institute (GCC BDI) to undertake a comprehensive assessment of its Corporate Governance frameworks and Board of Directors’ operations, encompassing both the central MEIRA Board and the Saudi Chapter Board. The assessment will be undertaken by an independent GCC BDI External Consultant.

At the outset of 2024, MEIRA embarked on a thorough membership perception study, meticulously pinpointing pivotal factors that foster membership engagement and propel organisational growth. This pioneering endeavour underscores MEIRA’s unwavering commitment to transparency and robust governance, steadfastly ensuring that member feedback is not only heeded but swiftly translated into actionable outcomes.

The GCC Board of Directors Institute, renowned as a distinguished independent non-profit entity, is dedicated to advancing corporate governance standards across the region. As part of this collaborative effort, GCC BDI will undertake a comprehensive review encompassing governance protocols, board composition, tenure considerations, and succession planning among other critical facets.

Commenting on the initiative, Andrew Tarbuck, stated: “I am delighted that we are partnering with such an esteemed organization as the GCCBDI.  We have the shared objective of promoting best practice in governance and it is very important for our culture at MEIRA that we “walk the walk” as well as “talk the talk”. This strategic overview puts our rhetoric into practice and is an example of how important we value our members’ feedback and act upon it.”

MEIRA CEO, Paolo Casamassima, continued: “At MEIRA, we are dedicated to setting benchmarks in governance and transparency within the Middle East. I am delighted about our Chairman’s initiative and the overall Board’s support around the effort. Our partnership with GCC BDI marks a significant milestone in our journey towards enhancing member value and reinforcing best practices across our boards”.

John Gollifer, GCC BDI CEO, added: “Partnering with MEIRA aligns seamlessly with GCC BDI’s mission to foster robust corporate governance frameworks throughout the Gulf region. We look forward to contributing our expertise and insights towards shaping the future of governance practices of the main industry body for IR, a clear example for the rest of the listed companies in the region”.