Pearl Initiative launches long-term strategy to assist business community

The Pearl Initiative 2025 will effectively address gaps in various fields, including corporate governance.

Published: Thu 21 Jan 2021, 9:44 AM

Last updated: Thu 21 Jan 2021, 11:46 AM

On the occasion of its 10th year of operations, the Pearl Initiative announced the launch of its updated strategy, titled PI Vision 2025, marking a renewed pledge to advance the business case for strong corporate governance practices across the Gulf region.

Jamal Fakhro, Chairman of the Pearl Initiative Board of Governors, stated: "Pearl Initiative Vision 2025 represents the next steps of our journey to continue setting the standard of excellence for the regional business environment. Over the past several years, with the support of our partner companies, the Pearl Initiative has made great progress towards improving corporate accountability and transparency across the Gulf region's private sector."

In developing PI Vision 2025, the Pearl Initiative consulted with over 100 business leaders and organisations across the region on the business community's strategic priorities, and to ensure the Pearl Initiative's diverse programme offerings effectively address gaps in the corporate governance ecosystem, create value for all stakeholders involved, and demonstrate measurable impact over time.

This resulted in a long-term strategy that focuses the remit of the Pearl Initiative's programmes to support corporations, family firms, micro, small and medium-sized enterprises (MSMEs), and philanthropic organisations in governance-related topics including diversity and inclusion, anti-corruption, and environment, social and governance (ESG) reporting.

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