Dubai, Oct 8 (IANS) A new chair on corporate governance and strategy has been set up in the Abu Dhabi campus of the international business school INSEAD.
The Abu Dhabi government's investment vehicle Mubadala and the INSEAD Centre for Research and Executive Education in Abu Dhabi have signed an agreement to set up the Mubadala Chair on Corporate Governance and Strategy.
The agreement marked the first anniversary of INSEAD's Abu Dhabi centre.
The new chair will bring together the INSEAD faculty with Mubadala analysts, associates and managers, in order to improve knowledge and understanding as well as contributing to management education in the region, according to an INSEAD statement.
"As a business school with two fully-fledged campuses and alliances with other top business schools, we consider the Abu Dhabi Centre as a key regional hub," said Soumitra Dutta, the Roland Berger chaired professor in business and technology and dean of external relations in INSEAD.
He said the creation of the new chair in corporate governance would send a positive message to the regional business community about the need to develop a better management understanding of critical issues during these financially turbulent times.
"As Mubadala actively invests and creates new businesses in the region, we are conscious of the importance of good corporate governance and its impact on the development and diversification of Abu Dhabi's economy," Mubadala chief executive Khaldoon Khalifa Al Mubarak said.
Originally known as Institut Europeen d'Administration des Affaires, INSEAD is an international graduate business school and research institution with campuses in France and Singapore apart from Abu Dhabi.
The school offers a full-time postgraduate business administration programme, doctoral programmes and many executive education programmes.
Since its launch in September 2007, the Abu Dhabi centre has attracted more than 500 executives from across the region to its open-enrolment and customised programmes.
The centre also plays host to INSEAD students from the Europe campus in France and the Asia campus in Singapore who regularly visit the Middle East as part of their modular project work.
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