OCGS and PEIE sign agreement

MUSCAT: Oman Centre for Governance and Sustainability (OCGS) signed an agreement with the Public Establishment for Industrial Estates (PEIE). The agreement was signed by Sayyid Hamid Sultan al Busaidy, Executive Director of OCGS and Engineer Hilal Hamed al Hassani, CEO of the PEIE. The agreement marked the conclusion of negotiations and meetings between the two entities on their desire to cooperate to establish and develop the work environment at the PEIE. OCGS’s endeavours to provide consultancy services for governance and sustainability and to disseminate awareness on corporate governance and corporate responsibility to enhance the ability to compete. The agreement included OCGS’s preparation of a code of governance for PEIE beside monitoring and examining governance practices to analyse gaps, if any, in addition to conducting on site visits to the premises of PEIE in Muscat to hold meetings with directors and executives to submit initial report on the results and gaps. It also included preparing a draft study and governance manual containing description of the present status of governance and other processes. OCGS was established under Royal Decree in 2015 as none for profit organisation with administrative and financial independence and is the first of its kind in the MENA region concerned with governance and sustainability. OCGS is a government entity concerned with disseminating the concept and culture of governance and sustainability in all the establishments in the Sultanate regardless of their legal status. OCGS’s vision is to contribute to the development as part of the national economy. Its mission is to be eminent centre to build robust economy able to compete through instilling the culture of governance and sustainability in the economic processes through learning and pioneering. — ONA