Alanbat -
Ayah Awwad
The Social Security Investment Fund organized
on Saturday, the work of the Fifth Corporate Governance Forum for
representatives of the Social Security Corporation in the corporate boards,
entitled "The Monetary Policy of the Central Bank of Jordan and its Impact on
the Jordanian Economy and on the Financial Positions of Companies,” in order to
enhance the representatives’ experiences and inform them of the latest economic
and financial developments that It
affects the business and investment environment and the economy in general.
The fund
said in a press release that holding these periodic forums comes to keep pace
with international best practices in corporate governance and rational
management, and to employ the outcomes of the forums in the process of
continuous development of the governance system.
Also these
forums aim to enhance the importance of the role that representatives play in
corporate boards of directors by participating in formulating policies and
developing strategies that enable companies to strengthen their financial
positions, increase the efficiency of their various activities and enable them
to respond quickly to crises, and the impact of this in enhancing the value of
social security investments in those companies.
During the first session of the forum, the most prominent features of
the monetary policy pursued by the Central Bank and its impact on various
economic sectors, and the measures it takes to maintain monetary stability in
order to enhance the appropriate investment environment to stimulate economic
growth, including those that were taken during the Corona pandemic, were
highlighted.
The second session dealt with the impact of monetary policy and raising
interest rates on the financial position of companies, how to manage their
assets and liabilities, and the ability of companies to effectively and
efficiently manage liquidity and access appropriate financing to meet their
operational needs and business growth opportunities. In 2019, the Fund issued a guiding guide for
representatives on corporate boards that organizes the process of social
security representation on boards of directors, in addition to issuing an
updated version of the guide in 2021, which included a development on the
system of instructions and foundations for representation.
It was recently announced that the fund's assets grew by about 8 percent
since the beginning of the year, to reach 13.32 billion dinars as on 30/6/2022,
compared to about 12.34 billion dinars at the end of last year, with a rate of
return on assets of 8.4%.