The Capital Market Authority (CMA) is committed to promoting sound corporate governance practices in Oman, Yahya bin Said Al Jabri, executive president of the CMA said here yesterday.
Recently, the capital market regulator had issued an administrative decision forming corporate governance committee to implement a corporate governance plan in Oman by disseminating information on international standards and practices.
The committee, Al Jabri said, comprises nine members representing the public and private sectors, academic and professional institutions.
The committee is chaired by the director-general of legal affairs, enforcement and corporate governance with the membership of the director of the department of corporate governance of the CMA as well as members representing the Diwan of Royal Court, Central Bank of Oman, Ministry of Commerce and Industry, Oman Chamber of Commerce and Industry, Lawyers’ Association, Accountants’ Association and the Omani Economic Association.
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