First Abu Dhabi Bank selected to be a strategic partner of GCC Board Directors Institute

• Joins the ranks of Saudi Aramco, SABIC, Allen & Overy, Heidrick and Struggles, McKinsey & Company and PwC to uphold and employ best practices in corporate governance

Pradeep Rana, Group Chief Risk Officer

Dubai, UAE: GCC Board Directors Institute (GCC BDI), the region’s leading not-for-profit organization for corporate governance and board effectiveness, announced a strategic partnership with First Abu Dhabi Bank (FAB) in support of upholding best practices in corporate governance and economic development in the region.  

As a GCC BDI Strategic Partner, FAB has nominated Pradeep Rana, Group Chief Risk Officer, to participate in GCC BDI’s Board of Governors meetings and will be actively involved in shaping GCC BDI’s strategy and mission across the region to enhance board member capabilities, create an influential network of board members and disseminate high quality corporate governance knowledge.

Commenting on the partnership, Jane Valls, Executive Director at GCC BDI, said: “We are proud to welcome First Abu Dhabi Bank, one of the UAE’s most established banks, to our prestigious network. This strategic partnership with First Abu Dhabi Bank aligns with GCC BDI’s objectives to strengthen corporate governance in the GCC region through capacity building, advocacy and promotion of sound governance practices. Focusing on these areas will help regional companies create long-term value and embed governance into their organizational structure and strategy.”

Pradeep Rana, Group Chief Risk Officer at FAB, said, “As the UAE’s largest bank, we are honored to become a Strategic Partner of GCC BDI and to support its objectives to raise the region’s economic competitiveness by upholding sound corporate governance and ethical business practices. This partnership is a testament to FAB’s commitment to a corporate governance framework that combines strong leadership, accountability, transparency with a culture of integrity.” 

GCC BDI’s other strategic partners include leading regional corporations and professional services firms including Saudi Aramco, SABIC, Allen & Overy, Heidrick & Struggles, McKinsey & Company and PwC.

About the GCC Board Directors Institute:

Launched in 2007, the GCC Board Directors Institute (GCC BDI) is an independent not-for-profit organisation that helps board directors of entities, from family-owned businesses to listed companies, to acquire the know-how and tools to achieve and sustain effective governance. 

GCC BDI is supported by seven leading regional corporations and professional services firms who serve as our strategic partners: First Abu Dhabi Bank, SABIC, Saudi Aramco; Allen & Overy; Heidrick & Struggles; McKinsey & Company; and PwC. In addition, we are also supported by a number of corporate affiliates including Elm, The Saudi British Bank, National Bank of Bahrain, SIPCHEM, Saudi Telecom Company, The Saudi Investment Bank and Tasnee as well as the regional regulatory authorities.