AMMAN ----- May 2th, 2011------ In cooperation with the International Finance Corporation (IFC), a member of the World Bank Group, Talal Abu-Ghazaleh (TAG) recently held a training course on “Governance and Risk Management” on 20th & 21st of April, 2011.

The training course focused on the importance of governance for banks, the effects of the global financial crisis, the main frameworks of the risk management, Basel III application, setting up an effective board of directors at the financial institutions, the importance of establishing internal auditing departments, and the role of the management control in financial institutions.

The delegates who attended the training were Directors, Board Members, and Risk Unit Managers at banks and financial institutions from five Arab states; Kingdom of Saudi Arabia, Oman, Lebanon, Jordan, and Palestine.

At the end of the course, participants received Governance and Risk Management certificates from Dr. Majdy Zuriekat, the Administrative and Financial Director at TAGSB and Mr. Yehia El Husseiny, Operations Officer at IFC.

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. We create opportunity for people to escape poverty and improve their lives. We do so by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and by delivering advisory services to ensure sustainable development. In a time of global economic uncertainty, our new investments climbed to a record $18 billion in fiscal 2010. For more information, visit www.ifc.org.


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