Ammon News - The Board of Directors of the European Jordanian Institute for Business Development (EJABI) held a workshop on "Governance and Family Governance" on Sunday at Amman Chamber of Industry (ACI)'s headquarters, with presence of representatives of a large number of industrial companies.

Talking at the event, EJABI Chairman and ACI Vice Chairman, Tamim Qasrawi, said governance is a "fundamental" pillar in building modern institutions, whether in the private or public sector.

Qasrawi added that this principle contributes to raise performance efficiency, ensure compliance with approved laws and standards, and improve institutional performance by setting clear goals and effective strategies for implementation.

Qasrawi noted the importance of governance emerges as one of the tools that help institutions "effectively" confront these challenges in an era of rapid change and increasing economic and social challenge.

In turn, Ghassan E. Nuqul, Chairman of Nuqul Group, highlighted the group's stages to "institutionalize" family business governance, aimed to to formulate clear policies and establish internal audit and oversight systems.

This process, he stated, ended with the application of global governance practices, which enhanced the group's ability to continue and expand.

Legal expert Dr. Tariq Hamouri spoke about the key amendments on Jordan's Companies and Securities Laws and ways to enhance good governance, transparency, and the protection of the rights of shareholders and creditors.

Petra