Why was Pearl Initiative created?

Prominent business leaders from across the Gulf Region formed Pearl Initiative in 2010 to create a non-profit vehicle for the Private Sector to collectively take a lead in adopting higher standards in corporate accountability, transparency and governance. 
 
Pearl Initiative believes that proactively raising standards in these areas enhances business innovation, opportunity and value creation. In other words, at the company level, it simply makes good business sense. At the sector and regional level, high standards of corporate governance and integrity are key drivers of competitiveness, investment, job creation, and sustainable economic growth.