EIOD

AcronymDefinition
EIODEgyptian Institute of Directors
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The roles of the institutions involved in establishing the index are distributed among EIOD, which conducted the qualitative analysis of the companies, while EGX contributed by testing the efficiency of the historical data.
The index was created and developed by S&P and a consortium including the Egyptian Institute of Directors (EIoD), a research institution aiming to spread awareness about best practices of corporate governance in Egypt, and Crisil, one of India's leading ratings, research and policy advisory companies.
"Egyptian investors will eventually follow the index more when making investment decisions," said Dr Ashraf Gamal, executive director of EIoD. In the beginning, he explained, the stocks of companies listed in the index may be more desirable for foreign investors who have more awareness about corporate governance and environmental practices.