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Capital Concept s.a.l leads the way in Shareholder Rights Protection in the Middle East

Beirut, April 8, 2013 – BDL’s Central Council, managed by four Vice Governors Raed H. Charafeddine, Saad Andary, Muhammad Baasiri, and Haroutioun Samuelian, Director General of the Ministry of Finance Alain Bifani and Director General of the Ministry of Economy and Trade Alia Abbas, and headed by the Governor Riad T. Salamé, reviewed the proposal submitted by Capital Concept s.a.l on February 2, 2013 requesting a license to perform Corporate Governance rating activity.

 

 

The General Council officially took note of Capital Concept’s rating and assessment activity in the letter under “284/m.m/17”.

 

Capital Concept s.a.l is the first company to develop rating tools that are focused on the protection of shareholder rights and will help develop other rating tools in an effort to improve the state of corporate governance worldwide.

 

The Governance and Integrity Rating (GIR©) tool is used to assess companies based on their commitment to corporate governance international best practices and online disclosures. The Governance and Integrity Assessment (GIA©) tool is based on the international methodologies of the IFC, CIPE, and OECD, and helps companies identify areas of improvement and further development of their corporate governance strategy.

 

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About Capital Concept s.a.l

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.

 

About Shareholder Rights©
Shareholder-Rights© by Capital Concept sal is an independent provider of research and ratings on corporate governance affecting the performance of public and private companies. Our researchers and analysts are precluded from engaging in any transactions involving any companies we follow. Our ratings and supporting research are intended to provide investors with an effective summary of corporate governance disclosure and transparency that can and do impact shareholder democracy and issuer risk. They are not, however, intended for stand-alone use and should not be considered as simple Buy, Sell or Hold recommendations. We encourage investment professionals to regard these ratings as a specialized, proprietary input to be used in combination with existing fundamental analysis or other approaches and to help comply with Investors for Governance and Integrity (IGI) and similar standards.

 

For Further Inquiries, please contact:
Shareholder-Rights©
+961-1-991911
info@shareholder-rights.com





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