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Corporate governance essential to sectors protection - Min.
20/03/2017 | LOC19:24
16:24 GMT
| Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط
The 2nd Corporate Governance in GCC States Conference
The 2nd Corporate Governance in GCC States Conference
KUWAIT, March 20 (KUNA) -- Minister of Commerce and Industry and Acting Minister of State for Youth Affairs Khaled Al-Roudan has stressed the importance of protecting the institutions of state and private sectors from the negative impacts of slow economic growth through applying the modern standards of corporate governance.
Protecting such institutions is also done through reviewing active economic legislations and issuing modern laws that are in line with the latest applied laws and regulations worldwide, Al-Roudan said in his opening speech at the 2nd Corporate Governance in GCC States Conference.
Applying corporate governance in one only one sector would not attain the desired goals and results due to its close connection to the other sector, the minister noted, affirming corporate governance's credibility in attaining economic efficiency, investment development, transparency and justice values, in addition to transforming Kuwait into a global commercial and financial hub in accordance to His Highness the Amir's vision.
Meanwhile, Al-Roudan indicated that the three-day conference is held under the auspices of His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, and will discuss a number of subjects related to economic reformations in GCC countries. (end) km.fnk.ht.ma
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