German speciality chemicals company Evonik has signed a three-year partnership deal with the GCC Board Directors Institute (BDI) in order to develop high performance boards in the Gulf.

Jane Valls, executive director, GCC Board Directors Institute (BDI), “We are delighted to have Evonik join our network of partners and sponsors as a Corporate Affiliate.
“Now more than ever, sound board and governance practices are under the microscope of investors and most stakeholders. Working with a global leader like Evonik will support us in promoting the latest corporate governance trends and best practices, improving the effectiveness of boards, and as a result contributing positively to the development of GCC economies. We look forward to a fruitful cooperation and lasting relationship.”

Maintaining its strategic role in Mena for more than 40 years it has erected the region’s first superabsorbents production facility in Saudi Arabia in partnership with Tasnee.

Michael Wring, President of Evonik Middle East, noted, “As a leading speciality chemicals company we are always on the lookout for partnerships with organisations that hold the same values as us.
“We believe that by sharing our experiences with the GCC Board Directors Institute we can help promote best practice sharing at regional and international level, while also strengthening our business acumen needed to engage in successful economic activities.”