The Sultanate represented by CMA participates in the governance conference of GCC countries that will be opened today under the patronage of H.H. Prime Minister Shiekh Jaber Al Mubarak, and with the attendance of big number of local responsible persons and experts from international and regional institutions to discuss corporate governance and their vision for it, and the ability for it’s application with the increasing need for governance. The conference will be held for 3 days starting from today to next Wednesday.  

The Sultanate is represented in the conference by Said Hamed Al Busaidi, Acting Director of Support Services, and Acting Director of Oman Center for Corporate Governance and Sustainability. It is expected that he will present a paper on the Sultanate’s experience in developing corporate governance. The conference witnesses good number of representatives from the Sultanate from a number of governmental and private entities due to the importance of governance in the Sultanate.

This conference comes in the frame of a number of variables and events in the political, economic and regulative levels which led to proceed a review for a lot of executed regulations for development purposes. The conference will discuss 7 main topics including; 1 the importance of applying corporate governance’s standards, 2.the impact of the financial crisis on the supervisory and regulative perspective in the region, 3.evaluating international experiences and the most important successful experiences, 4.strategies proposed for applying corporate governance in the GCC markets, 5.building the abilities of the regulatory authorities in the region, 6.the importance of forming proper governance regulations, and 7.the reflections of applying corporate governance regulations in the Gulf market will be discussed. Moreover, they will present the private sector’s experience in adapting to modern governance structure and regulations and the corporate governance standards in public sector’s institutions, regulatory entities and government investment institutions.