Within the framework of the protocol concluded between Post For investment (PFI) – the investment arm of Egypt Post and the National Institute for Governance and Sustainable Development (NIGSD) – the training arm of the Ministry of planning and economic development - a workshop on governance, its applications and mechanisms was organized for a number of heads and members of the boards of Directors of a number of invested companies. Dr. Mohammed Tarek Youssef, chairman of Post For Investment Company, confirmed the company's keenness to apply governance rules in accordance with international best practices, which is an integral part of the company's strategy and restructuring plan, pointing out that PFI signed a protocol of cooperation with the National Institute of governance to develop internal control systems, whether for Post For Investment company or its subsidiaries. In this context, Dr. Sherifa Sherif, executive director of the National Institute for Governance and Sustainable Development, stressed that governance is an accelerated tool to implement the goals of Egypt's Vision 2030, as governance is a continuous process to reach the desired goals, pointing out that governance ensures the efficiency and effectiveness of institutions, reducing corruption and ensuring sustainable economic development. Dr. Sherifa Sherif explained that governance is based on the principles of transparency, accountability, responsiveness to citizens, and efficient and effective foundations, in addition to equal opportunities, law enforcement, and gender equality, pointing out that governance types include political, environmental, public, and corporate governance, and that governance is currently being considered from a sectoral perspective, such as health sector governance and educational institutions governance, based on how to apply the main foundations and concepts.
Mr. Ahmed Abdullah, CEO of Post For Investment Company, also stressed the keenness to develop the performance of subsidiaries, pointing out to invite the executive departments and PFI representatives on the boards of Directors of the invested companies to attend workshops and fruitful discussions on corporate governance with the best specialists in the field of governance, and benefit as much as possible by sharing experiences at the National Institute for governance and sustainable development. Dr. Alia Suleiman, member of the board of Trustees of the National Institute for governance and sustainable development, explained that the aim of the workshop is to identify the concept of governance and its importance, identify the parties involved in governance, review the return from the implementation of governance, as well as review the role of the board of directors, its tasks and composition, and determine the relationship between the board of directors and the executive management. Dr. Dina Talaat, director of the career path unit at the Institute, pointed out that the cooperation of the National Institute for governance and sustainable development with Post For Investment company comes within the framework of the Institute's advisory role in supporting governance for sustainable development in all sectors, noting the Institute's keenness to provide consultations, research and training programs that seek and emphasize the dissemination of a culture, values and practices of sustainability and activate governance mechanisms in all sectors of the state.