Pearl Initiative signs MoU with Sharjah Chamber of Commerce and Industry

The Memorandum of Understanding 'MoU' will enable both organisations to increase dialogue among business leaders, academia, the investment community and the media with a view to enhancing the capabilities of the private sector to develop, implement and monitor better and more responsible business practices.

As a platform for change and development, Pearl Initiative, as part of the MoU will work with Sharjah Chamber of Commerce and Industry to educate future generations of business leaders and policy makers in the GCC on the importance of integrity, ethics and good business practices.

Further goals of the MoU will focus on the development of business models that have a positive social impact as well as providing an effective platform for global business and policy leaders to develop new ideas in this field.

Commenting on the signing of the MoU, Imelda Dunlop, Executive Director, The Pearl Initiative, said, "The signing of this MoU represents an important step in further helping us to bridge the gap between the public and private sectors. In doing this we will be able to increase the level of dialogue that is needed in order to create an environment where corporate transparency and accountability are fundamental to making business happen. With a focus on preparing the next generation of leaders on the importance of integrity, ethics and good business practices, we can ensure that companies from across the region are able to compete in an increasingly globalised society."

Mr. Hussein Mohammed Al-Mahmoudi, Director General, Sharjah Chamber of Commerce and Industry added, "Both parties will instantly start work on establishing and building communications between business leaders and the government sector. It is our hope that by preparing future generations of business leaders, we can have a positive impact on the development of our economies and increase the financial and commercial flow among GCC countries."