During its Board of Governors and CEO Council meetings, and on the occasion of its 10th year of operations, the Pearl Initiative announced the launch of its updated strategy, titled PI Vision 2025.

Pearl Initiative Image Credit: Supplied

In developing PI Vision 2025, the Pearl Initiative consulted with over 100 business leaders and organisations across the region on the business community’s strategic priorities, and to ensure the Pearl Initiative’s diverse programme offerings effectively address gaps in the corporate governance ecosystem, create value for all stakeholders involved, and demonstrate measurable impact over time.

PI Vision 2025 consolidates the Pearl Initiative’s impressive track record of the past ten years, and looks forward at how to deepen the organisation’s impact, increase and scale its reach across the Gulf region, and continue to be an active and leading voice in promoting governance as a key pillar of business sustainability and job creation.

Jamal Fakhro, Chairman of the Pearl Initiative Board of Governors, stated: “Pearl Initiative Vision 2025 represents the next steps of our journey to continue setting the standard of excellence for the regional business environment. Over the past several years, with the support of our Partner Companies, the Pearl Initiative has made great progress towards improving corporate accountability and transparency across the Gulf region’s private sector. The future for the Pearl Initiative is bright and I am excited to see what we can accomplish when we come together unified under one goal of transforming the business environment across the Gulf Region.”

Commenting on the launch of the new strategy, Badr Jafar, Founder of the Pearl Initiative, said: “Since its establishment, the Pearl Initiative fundamentally believes that companies which demonstrate exemplary governance standards are more competitive and sustainable, and ultimately contribute more to regional socio-economic development. Our region’s economic future depends on the resilience and sustainability of its small and large business community and scaling the inclusive impact of the private sector through governance is one of the core objectives of the Pearl Initiative.”

The Pearl Initiative’s programmes support corporations, family firms, micro, small and medium-sized enterprises (MSMEs), and philanthropic organizations in governance-related topics including diversity and inclusion, anti-corruption, and environment, social and governance (ESG) reporting.