In collaboration with Siemens Integrity Initiative and SABIC, Pearl Initiative held two forums in Riyadh and Jubail. The forums highlighted the necessity for due diligence and building capacity in the supply chain. The sessions also introduced various practical compliance practices around anti-corruption and ethics.
These sessions are part of Pearl Initiative’s three-year Collective Action project funded by the Siemens Integrity Initiative to support the implementation of integrity and anti-corruption best practices in businesses across the Gulf Region. The workshops convened 170 executives from leading Saudi Private and Public Sector companies including family firms and state-owned entities. These events were held on 2 and 3 May 2016 in Riyadh and Jubail.
The sessions offered executives the opportunity to hear Private and Public Sector perspectives on the rationale behind ethical business and why stakeholders - both global and regional - are increasingly requesting evidence of good practice policies and programmes in the Saudi supply chain.
During the voting sessions at the events, the participants displayed confidence in the business benefits to be gained through progressing on this journey with the majority of participating business leaders believing that the Saudi Private Sector will significantly advance corporate accountability practices within next five years.