Dear BDI Alumni,

Welcome to our new style newsletter – we hope you like this new easy to read format. We’ve also updated our logo to reflect our regional roots. This is just a preview of our new brand which we will roll out in the coming weeks. Our theme this month is Joint Venture Boards and we are delighted to announce our partnership with Water Street Partners, the world’s leading advisory firm on joint ventures and alliances. We will be working closely with Water Street Partners from now on to help support Joint Venture Boards in the GCC. And watch out for our first “Joint Venture Directorship – Global Best Practices” Workshop in Bahrain on 1 November. See more in this Newsletter and read the interview by Geoff Walker, one of Water Street’s three Founders.

We’ve been very busy here at GCC BDI coming up with an action-packed schedule for Q3 and Q4 2016.

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Joint Venture Boards

Exclusive Interview with Geoff Walker

Geoff Walker is one of Water Street’s three founders and is responsible for the overall growth of the business. Walker leads the natural resources practice, serving a diverse group of clients around the world. He has written extensively on joint venture governance and leads director training programs for some of the world’s leading companies. Walker has enjoyed working in the GCC over the past sixteen years.

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Director Development Program

GCC BDI’s Director Development Program is designed to broaden and deepen director education within a professional framework. New workshops are being introduced so that participants can choose, at each level of development, how to enrich their knowledge and expertise. We will be running workshops in Riyadh, Muscat, Abu Dhabi and Bahrain in the coming months.

See the events calendar and find out more here.

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Voice of a BDI member

Mutlaq Al Morished

Mutlaq Al-Morished is the Chief Executive Officer of TASNEE. Prior to his current role Mr Al-Morished was the Vice President of Corporate Finance (CFO) at SABIC. Previously he was Vice President Shared Servies, President of SADAF and HADEED, consecutively. In addition Mr Al-Morished also sits on the Board/Executive Committees of SABIC R & T, ALBA (Bahrain), the Saudi Fund for Development and the Girls College in Jubail. He is Chairman of the Board of YANSAB and KAYAN and a Governor of GCC BDI.

Article reproduced with the kind permission of Mr Mutlaq Al Morished

THE CHAIRMAN SUMMIT ­ “Leading the Board through Changing Times”

Where: Riyadh, Saudi Arabia | When: 2 October 2016
By Invitation Only for Regional Chairmen – places are limited
This year’s flagship GCC BDI event is taking place during a time of great change for the region. The summit will shine a spotlight on how the oil kingdom’s ambitious Vision 2030 is set to transform the macro-economic landscape and open up growth opportunities for public and private sectors in the coming years.

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GCC BDI invites you to take part in the region’s first board directors’ remuneration survey.

“This survey will enable participating companies to more effectively structure board directors’ remuneration and ensure alignment to current market practices and regulations.”

GCC BDI, in collaboration with Heidrick and Struggles, is pleased to invite your organisation to participate in our survey on regional board directors’ remuneration.
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