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Members News
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In recognition of its outstanding business practice and transparency, the Egyptian Company for Mobile Services (Mobinil) was awarded Best Corporate Governance in Egypt by World Finance Corporate Governance Awards 2010 this February
The World Finance Corporate Governance Awards recognizes companies that have reached the highest levels of excellence in Corporate Governance, the winners are those who have exceeded their formal requirements for international listings and regulatory frameworks, they are fully transparent in their disclosures and have shown best practice when interacting with their shareholders and stakeholders.
Mobinil aspires to the highest standards in corporate governance. It aims to attain the highest levels of transparency, accountability and integrity to safeguard the interests of management in line with the company and shareholders. Mobinil also ensures equitable treatment of all shareholders who exercise their rights whenever necessary. Its corporate governance department extends its roles to meet not only with statutory requirements, but goes well beyond the law by effecting procedures and systems in accordance with transparency and disclosure.
Mobinil Chairman Alex Shalaby was honored to receive this prestigious award and stated, There is no doubt that good corporate governance must be and indeed is in the case of Mobinil at the heart of everything we do. We have established a department that deals with corporate governance, that checks and balances the questions asked repeatedly to ensure that everything we do, we do in accordance with strict rules is something that we take pride in and we take very seriously.
World Finance is an award winning magazine, web site and live business TV channel with over 120,000 paid subscribers, who are senior board executives, within the international investment community as well as lager multi international corporations.
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