The Initiative is the first of its kind to be carried out by an academic institution in the region. It was established in 2011 as part of Rami Makhzoumi’s vision to encourage the implementation of best practices. Rami’s parents wanted his legacy to continue through implementing his dream of institutionalizing companies to implement corporate governance best practices.
Since then, the initiative has offered different educational conferences, workshops and seminar series on the implementation of governance best practices in the region. It has given the opportunity to scholars and advisors in the field to present their latest findings on the topic. Moreover, it has collaborated with local and global organizations to help create awareness about the role of corporate governance in institutions. The initiative aims to be a regional player in shaping governance through education, collaboration and advocacy.
Sound corporate governance is a key pillar for the success and survival of businesses. The 2008 financial crisis is a stark example of how businesses, even those “too big to fail”, can collapse in the absence of solid corporate governance practices.
The Rami Fouad Makhzoumi Corporate Governance Initiative at the Olayan School of Business was established to support the adoption of corporate governance best practices across the business world. The Initiative is a true testament to our commitment to excellence in governance and our role in encouraging the adoption of sound practices across the business world.
We are pleased to be the lead school in the MENA region to host a corporate governance initiative. We aim to be a catalyst for governance information and engaging the business community to become a driving force for good governance practices in the region. We look forward to many significant interactions with our community to achieve this common good.