Qatar holds SME workshop on governance and compliance

The Ministry of Commerce and Industry and Qatar Development Bank recently organized a workshop focused on governance, risk management, and compliance for private-sector representatives, entrepreneurs, and small and medium-sized enterprise (SME) owners. The objective of the session was to raise awareness about best practices in these areas and their significance in promoting sustainable business growth.

As part of the joint efforts of both organizations, the workshop aimed to enhance the investment environment, attract investment, and boost Qatar's economy.

The attendees delved into the interplay between governance, risk management, and compliance, discussing the roles and responsibilities of various stakeholders, accountability mechanisms, and sound decision-making processes. They also acquired a practical approach for identifying and assessing risks that businesses may face.

The program encompassed the regulatory requirements pertinent to SMEs and provided insights on how businesses can integrate governance, risk management, and compliance into a practical framework to enhance performance and foster sustainable investment partnerships. This event is part of the Ministry's ongoing efforts to bolster the private sector's performance and SMEs, in line with Qatar National Vision 2030.