SABIC awarded Compliance Leader Verification status

Updated 23 October 2019

SABIC awarded Compliance Leader Verification status

SABIC has been awarded the prestigious Compliance Leader Verification status by the Ethisphere Institute, a global leader in defining and advancing standards of ethical business practices.

The recognition follows Ethisphere’s comprehensive independent review, evaluation, and validation of SABIC’s Ethics and Compliance program. This permits SABIC to display the Ethisphere Compliance Leader Verification logo as a recognition of the excellence of SABIC’s Ethics and Compliance program and its work in building a culture of integrity.

Led by SABIC’s legal affairs, a cross-functional team worked diligently to achieve this recognition. The team responded to a comprehensive assessment survey and submitted substantial documentary support. Senior leaders in the legal, HR, ERM, sustainability, procurement, audit and other functions participated in interviews with Ethisphere evaluators. 

Laurie Gallagher, general manager and chief counsel of SABIC’s Compliance and Litigation Team, said: “This award is a testimony not only to the strength of our Ethics and Compliance Program but also to the dedication and commitment of our CEO, executive leadership, board of directors, and all SABIC employees who work with the highest integrity every day.”

FASTFACT

The recognition follows SABIC’s recent hosting of a major conference in Riyadh under the theme ‘Promoting Integrity and Transparency for Growth.’

The recognition follows SABIC’s recent hosting of a major conference in Riyadh under the theme “Promoting Integrity and Transparency for Growth.” The event brought together more than 100 leaders from international and local corporations, government and NGOs to advance governance and compliance practices that can secure business opportunities and investment.

The Ethisphere Institute is a globally recognized organization that brings together global companies to define best practices in ethics and compliance programs and advance ethical business performance through data-driven assessments, benchmarking and guidance. 

Headquartered in Riyadh, SABIC has been a key contributor to the global fight against corruption. It is a founding member of the Business 20 B20 Anti-Corruption Task Force and an active participant in the World Economic Forum’s Partnering Against Corruption Initiative.

SABIC has more than 33,000 employees worldwide and operates in around 50 countries. 

It has 11,738 global patent filings and significant research resources with innovation hubs in five key geographies — USA, Europe, Middle East, South Asia and North Asia.


Line-up for FIKR17 conference in Saudi Arabia announced

Updated 13 November 2019

Line-up for FIKR17 conference in Saudi Arabia announced

The Arab Thought Foundation has announced the agenda of this year’s annual conference, FIKR17, in partnership with King Abdulaziz Center for World Culture “Ithra”, held under the theme “Towards a New Arab Thinking.”
The conference will be held in Dhahran, Saudi Arabia between 2-5 December 2019.
FIKR17 will bring together high-level officials, politicians, intellectuals, and media personalities led by Prince Khalid Al-Faisal, President of the Arab Thought Foundation, and Arab League Secretary General Mr. Ahmed Aboul Gheit. Over the course of FIKR17, these thought leaders will provide deep understanding and paths to solutions for key questions facing the Arab World and its future, including:

  • What are the challenges of technology, science and modern approaches to knowledge?
  • Where are we currently from renewing our societies and social concepts?
  • Where does the Arab individual stand within the international system, and how does he tackle the subject of globalization while defending an interactive identity that is open to the world?
  • Where are Arab intellectuals in their attempts to renew the Arab thought, and in building a renewed philosophy capable of making contributions to the global effort of contemporary thought?

Conference Program Details
Monday, December 2: FIKR17 will open with a formal ceremony at 7:00 pm, including a speech by Professor Dr. Henry Awit, Director General of the Arab Thought Foundation, followed by a speech from the representative of “Ithra”, the Lead Partner of the conference. It will also include speeches by Arab League Secretary General Mr. Ahmed Aboul Gheit and HRH Prince Khalid Al-Faisal, President of the Arab Thought Foundation.
Tuesday, December 3: FIKR17 will start with an opening session titled “Arab Thought and Innovation Prospects,” followed by the first general session entitled “Today’s world…tomorrow’s world: transformations, challenges, and visions”.
In addition, four specialized sessions will be held under the following headlines:. Delivering new educational policies to help build a new Arab Thought, The role of social and human sciences in renewing Arab Thought, New perspectives on the concepts of state, citizenship and participation, Pluralism and the culture of tolerance and social peace.
Wednesday, December 4: The conference will continue with four specialized morning sessions covering the topics of ” Towards a new understanding of growth, Industry and manufacturing:analysis of pillars for development, Digital Economy, The role of civic society in renewing Arab Thought.
In the afternoon, the second general session will be held on the “4th Industrial Revolution” followed by reports on youth discussion groups.
Thursday, December 5: The conference will conclude with detailed reports on the specialized sessions. At 12:00 pm, the third general session titled “Arab Intellectuals and Their Role in Arab Thought Renewal” will be held, followed by the closing remarks.