The establishment of the Corporate Governance Institute and think tank aims to build institutions for the region. Its mission is to promote corporate sector reform and good governance, assist the countries of the region in developing and implementing sustainable Corporate Governance strategies adapted to national requirements and objectives.

The consultative meeting of the MENA Working Group 5 on improving Corporate Governance held in Amman, Jordan on the 14th of February, 2005, highlighted and confirmed the vital interest of the countries of the region to bridge the Corporate Governance gap, and achieve economic and financial integration with the rest of the world to improve economic growth and development prospects and performance.

One of the main conclusions endorsed by the participants was the need to establish a body that would serve as a regional secretariat with the basic mandate “to provide greater efficiency in the coordination between the countries of the region on Corporate Governance policy issues and to more effectively implement the MENA working Group 5’s objectives, recommendations and projects”.