Omran Group organises workshop on corporate governance

Oman Tuesday 29/December/2020 20:14 PM
By: Times News Service
Omran Group organises workshop on corporate governance

Muscat: Omran Group, the executive arm of the Sultanate for tourism development, conducted a workshop, titled, “Governance – Moral Compass, Concepts, Premises and Applications”, in collaboration with Oman Centre for Governance and Sustainability (OCGS).

The workshop was organised as part of Omran’s objectives to introduce tools, mechanisms and the necessary legal framework to implement principles of corporate governance.

Omran’s Chairman of Board of Directors, Eng. Mohammed bin Salim Al Busaidi, together with the Chief Executive Officer of OCGS, Sayyid Hamid bin Sultan Al Busaidi, attended the workshop.

Other attendees included the Board Members, CEOs of the Group’s subsidiaries, senior executives from Omran’s management and other representatives.

“The Board of Directors of Omran recognises the importance of governance as a modern concept of management, which aligns with the requirement of the current phase. Hence, this workshop was organised to discuss the best practices in applying principles of corporate governance, improving performance and governance mechanisms. The workshop further examined the administrative readiness and identified practices, which serve the Group’s goals and directions,” commented Eng. Mohammed.

“Omran’s interest in hosting such a workshop reflects the Group’s optimistic approach towards good corporate governance. Applying the concept of governance positively influences competitiveness and therefore, Omran is using best practices for implementing good governance,” said Sayyid Hamed. “Promoting the culture of corporate governance is a necessary tool for business development and motivation. This is what OCGS seeks to achieve by conducting such workshops,” said he added.