NASDAQ OMX And SAGIA Inspire Better Corporate Governance With 100 CEOs List

The Saudi Arabian General Investment Authority (SAGIA) and The NASDAQ OMX Group have agreed to launch a joint initiative designed to raise investor awareness of effective corporate governance around the world. The centerpiece of the plan will be a list

By None

The Saudi Arabian General Investment Authority (SAGIA) and The NASDAQ OMX Group have agreed to launch a joint initiative designed to raise investor awareness of effective corporate governance around the world.

The centerpiece of the plan will be a list of 100 senior executives — including chairmen, chief executive officers or presidents — of publicly traded companies who embody innovation, thought leadership and competitiveness.

The National Competitiveness Center (NCC), a division of the Saudi Arabian General Investment Authority (SAGIA), and NASDAQ OMX will screen executives for the “100 CEOs List” using criteria based on best practice guidelines, competitiveness, financial performance and other data indicators.

The list will serve as a reference tool for the investing public and provide another measure of corporate performance. The 100 CEOs list will highlight exemplary corporate governance and executives who have demonstrated a commitment to effective practices and policies.

“We are pleased to work with NASDAQ OMX in producing The 100 CEOs List, which will hopefully become a guide to good corporate citizenship, executive performance, and serve to further global understanding of how competitiveness principles can help to set apart corporate leaders as well as economies,” says Amr Abdullah M.A. Al Dabbagh, governor and chairman of the Board, SAGIA.

“The 100 CEOs List will enhance transparency, raise investor awareness and inspire better corporate governance,” says Magnus Bocker, president, NASDAQ OMX. “We are pleased to partner with SAGIA on this important endeavor.”

L.D.

«