Muscat, Muscat Stock Exchange (MSX) today signed three memorandums of understanding (MoU) to foster cooperation with specialized establishments in the fields of tripartite governance (the environment, society and the corporate governance).

The first MoU, signed with the Ministry of Social Development, seeks to lay the foundations of coordination on exchanging data, information and expertise in areas of tripartite governance.

The second MoU, inked with the Environment Authority, aims to enhance cooperation on exchanging information and experiences in the environmental field.

The third memorandum, signed with the Ministry of Commerce, Industry and Investment Promotion, deals with drafting laws and spreading awareness among companies about the significance of disclosure related to tripartite governance and its effectiveness on sustainable investment.

The MoUs were signed by Haitham Salim Al Salmi, CEO of MSX, Sheikh Rashid Ahmed Al Shamsi, Undersecretary of the Ministry of Social Development, Dr. Ahmed Abdullah Al Say’ari, Environmental Affairs Adviser to the Chairman of the Environment Authority, and Mubarak Mohammed Al Dohani, Director General of Commerce at the Ministry of Commerce, Industry and Investment Promotion.

On the sidelines of the signing ceremony, MSX organized a workshop titled “Principles of Tripartite Governance and Sustainability”.

The memorandums’ signing constitutes a step forward in MSX’s accession to the “UN Sustainable Capital Markets Initiative”, which aims to encourage stock exchanges to espouse sustainable development standards.

Source: Oman News Agency