Aluminium Bahrain BSC was selected amongst seven regional companies to be included in a landmark report on corporate good practices in accountability and transparency in the Gulf and was also praised for its position on ethics, integrity and best business practices.
The report was published by the Pearl Initiative, a private sector led not for profit organization set up to improve transparency and accountability in the Arab world. It has been developed in partnership with the United Nations Office for Partnerships and is a centre of excellence at the American University of Sharjah, UAE.
The research for the regional report was conducted by MBA students from the University of Cambridge, United Kingdom and the American University of Sharjah.
Alba's success in developing and implementing its Code of Conduct was highlighted as a case study in fostering a culture of good governance, transparency and ethical conduct of business operations. The study also highlighted two critical factors for successful implementation visionary leadership through active participation and example by the management; and a high level of employee and stakeholder involvement.
Mr Bryan Harris Alba's Chief Internal Auditor said that "It is interesting to note that Alba's Code of Conduct, which has been praised in this report, was developed in consultation with employees who were particularly adamant that it conforms to international standards without any compromise. With such enthusiastic support from employees, we are confident that it creates a strong foundation for developing an ethically minded organization that serves the interests of all of its stakeholders."