SFDA signs MoU with Cooperative Governance Association to boost corporate governance
The Saudi Food and Drug Authority and Cooperative Governance Association have signed an MoU to enhance corporate governance and share expertise.
Key Takeaways
AIThe Saudi Food and Drug Authority has signed a memorandum of understanding with the Cooperative Governance Association to strengthen cooperation in developing corporate governance practices and exchanging expertise and knowledge, serving the mutual interests of both parties.
The signing ceremony took place in Riyadh, with SFDA CEO Hisham bin Saad Aljadhey representing the authority and Nasser bin Saud Al-Sahli, chairman of the board, representing the association.
A statement noted that the Cooperative Governance Association is the first specialized governance association in the Kingdom, licensed by the Ministry of Human Resources and Social Development.
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The MoU aims to strengthen partnership and integration between the government and non-profit sectors and improve institutional performance, in line with the goals of Saudi Vision 2030.