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GCC BDI 8th Chairman Summit Highlights 2022

His Excellency Khalid Al Falih, Minister of Investment of the Kingdom of Saudi Arabia, has reinforced the growing emphasis on sustainable investment in the Kingdom and the need for a strong commitment from the corporate sector to long-term value creation through impact investments and focus on sustainable projects. H.E. Al Falih was delivering his keynote address to mark the opening of the 8th Chairman Summit of the GCC Board Directors Institute [GCC BDI], a not-for-profit organisation that promotes board effectiveness and good corporate governance, supporting GCC boards and board directors, in Riyadh on Thursday last week.October 6. Guest speakers at the GCC BDI Chairman Summit included H.E. Dr Fahad Toonsi, Adviser to the Saudi Royal Court, HE Abdullatif Al Othman, Founding Chairman of GCC BDI,Mohammed Asiri, CEO, Saudi Red Sea Authority, and John Pagano, CEO of The Red Sea Development Company & AMAALA. GCC BDI, celebrating its 15th anniversary this year, brought together influential chairpersons, board members and C-Suite executives from across the GCC region and beyond to explore the ever-evolving role of boards and the implementation of best practices in corporate governance for the annual flagship event. The summit, held under the theme of ‘Sustainable Development and Investment’, also explored ways to develop the economy and set new standards in sustainable development in the region and globally. It also examined the latest trends in sustainable investment, as well as in environmental and social governance. In his address, H.E. Dr. Fahad Toonsi, Adviser to the Saudi Royal Court, focused on the governance of sustainability, emphasizing that by seizing the opportunities and working together on the sustainability and Environmental, Social, and Governance [ESG] priorities, the private and government sectors can not only create a more sustainable future but also unlock significant long-term value for the businesses and society. This year, the Summit was run in partnership with The Red Sea Development Company, the developer behind The Red Sea and AMAALA. A total of 200 participants attended the Summit, which was a blend of physical and virtual modes this year.