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For Immediate Release – Banque BEMO
Beirut, April 27, 2017 – On Tuesday, April 25, 2017, Dr. Riad B. Obegi Chairman of the Board of Directors at Banque BEMO signed the Investors for Governance and Integrity (IGI) Declaration during the signature ceremony organized by Capital Concept.
The ceremony took place at Maamari Auditorium – AUB, in the presence of his excellency Mr. Raed Khoury – Minister of Economy and Trade, Mr. Samir Saliba – Capital Markets Authority Vice Chairman, and Mr. Yasser Akkaoui – Capital Concept Chairman, in addition to senior executives from banks and financial institutions.
Mr. Thomas Krantz – Ethics Activist and Visionary conducted a lecture on “Why Regulated Markets? How Regulation Supports the World’s Capital Markets?” followed by a series of questions and answers.
Banque BEMO was specifically mentioned during the ceremony for its swift responsiveness to carry out all needed disclosure improvements that led to a drastic enhancement in its grading within a two-years period.
By signing the IGI declaration, Banque BEMO further confirms its commitment to promote sound corporate governance and to preserve shareholders’ rights, including minority shareholders. Since its inception, the Bank is demonstrating its commitment to the highest ethical standards, fostering transparency and disclosure in all material matters related to the Bank’s financial situation, performance, ownership and governance.
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About Capital Concept sal
Since 2004, Capital Concept has been advising companies in the Middle East and North Africa region on corporate governance. Through its alliance with leading international organizations such as the Organization for Economic Cooperation and Development (OECD), the International Finance Corporation (IFC) and the Center for International Private Enterprise (CIPE), as well as through close relationships with regional central banks and capital market regulators, Capital Concept assists clients in implementing best in class corporate governance standards. In April 2013, Capital Concept became the first corporate governance advisory firm recognized by Lebanon’s central bank, Banque du Liban (BDL), to review the banking sector in Lebanon and the MENA region.
Shareholder-Rights© by Capital Concept sal (www.shareholder-rights.com), registered in the Ministry of Information of Lebanon under license number 1324/2015, is an online platform that defends shareholder rights worldwide. Constantly rating and reviewing companies’ corporate governance commitment to investor rights by shedding light on corporate or regulatory commitment to corporate governance.