Pearl Initiative

The Pearl Initiative is a non-profit organization founded in 2010 that focuses on corporate governance, accountability and transparency in the Persian Gulf region.[1][2]

Pearl Initiative
AbbreviationPI
FormationSeptember 2010 (2010-09)
Region served
Persian Gulf region of the Middle East
Founders
Badr Jafar
Amir Dossal
Executive Director
Ranya Saadawi
Websitewww.pearlinitiative.org

The organization publishes reports,[3] and holds regular events.[4][5] It holds annual Case Study Competitions across the Gulf Region.[6][7][8][9][10] The Pearl Initiative has been involved with the Siemens Integrity Initiative, [11][12] and the Bill & Melinda Gates Foundation.[13]

History

The Pearl Initiative was founded in 2010 in cooperation with the United Nations Office for Partnerships[14] to promote higher standards in corporate governance, accountability, and transparency in the Gulf region.[15] The organization was granted Special Consultative Status with the United Nations Economic and Social Council in 2019.[16] In 2020, the Pearl Initiative launched its updated strategy "PI Vision 2025".

Structure and key people

The Pearl Initiative's board of governors and CEO council is made up of members representing Saudi Aramco, Tadawul, Shell, Ernst & Young, PwC, Aramex, Chalhoub Group, KPMG, Bank of Sharjah, Saudi Telecommunications Company, Freshfields Bruckhaus Deringer, Dana Gas, Crescent Petroleum, Gulftainer, Al Rajhi Partners, Crescent Enterprises, and ASDA'A.[17][18][19]

In 2018, the Pearl Initiative's board of governors established a student advisory board made up of students from the American University of Sharjah, Effat University, Ahlia University, Abu Dhabi University and Prince Sultan University.[20][21][22]

In 2021, the Pearl Initiative announced the appointment of Ranya Saadawi as its executive director.[23]

References
  1. "Mena focus for UN campaign". 21 September 2013. Retrieved 11 July 2018.
  2. "Middle East family firms focus on corporate governance". Gulf News Economy. 22 January 2016. Retrieved 11 July 2018.
  3. "CEO Corner: Badr Jafar". AccountAbility. AccountAbility. Retrieved 20 June 2019.
  4. "Middle East family firms focus on corporate governance". Gulf News Economy. Retrieved 11 July 2018.
  5. "Pearl Initiative Events". Pearl Initiative. Retrieved 20 June 2019.
  6. "Pearl Initiative Student Case Study Competition highlights importance of responsible business practices in newly published report". Zawya. Zawya. 15 February 2015. Retrieved 10 Mar 2016.
  7. "Pearl Initiative introduces corporate good practices". The Saudi Gazette. 5 November 2012.
  8. "TDIC Recognised in Pearl Initiative's Series on Corporate Good Practices Report". UAE TOday. Retrieved 10 March 2016.
  9. "Top Bahraini University Students Recognised". Bahrain Week. Bahrain Week. Retrieved 20 June 2019.
  10. "The shining pearls". Saudi Gazette. Retrieved 8 April 2018.
  11. "Siemens Integrity Initiative supports the Pearl Initiative to drive good business practices in the GCC". Zawya. 29 Oct 2015. Retrieved 10 March 2016.
  12. "Pearl Initiative, Siemens Gather Industry Experts to Discuss Anti-Corruption Practices". Retrieved 30 June 2018.
  13. "Pearl Initiative launches new programme". Gulf News. Retrieved 30 June 2018.
  14. "Next 10 years is key for MENA's long-term sustainability, says Badr Jafar". Wamda. Retrieved 2022-04-12.
  15. "Mena focus for UN campaign". The National. 2013-09-21. Retrieved 2022-04-12.
  16. "Pearl Initiative promotes strategic philanthropy in the Gulf region". www.gulftoday.ae. Retrieved 2022-04-12.
  17. "Ministers, business leaders gather at Expo2020 Dubai to reinforce business case for governance and sustainability". wam. 2021-11-21. Retrieved 2022-05-07.
  18. "Patronage and Governance". Pearl Initiative. Retrieved 2022-04-15.
  19. Staff Writer; WAM. "Pearl Initiative launches 'Vision 2025' to transform corporate governance practices across Gulf region". www.zawya.com. Retrieved 2022-04-15.
  20. "Prince Sultan University | News". www.psu.edu.sa. Retrieved 2022-05-07.
  21. CL (2021-06-21). "Pearl Initiative names six GCC youth to its Student Advisory Board". Middle East News 247. Retrieved 2022-05-07.
  22. "Student Advisory Board – Summary". Pearl Initiative. Retrieved 2022-04-17.
  23. "Pearl Initiative promotes strategic philanthropy in the Gulf region". www.gulftoday.ae. Retrieved 2022-04-15.
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