With an eye on better corporate governance and a comprehensive restructuring of state-owned companies to raise their efficiency and performance, Oman Investment Authority (OIA) has launched a national talent hunt through the Thiqat platform. Selected candidates will sit on the boards of companies under the OIA umbrella.
‘To promote public participation, we are pleased to announce the launch of the Thiqat platform to attract qualified and experienced individuals to nominate themselves for board memberships in OIA’s entities,’ the authority stated.
‘The platform is designed to support OIA’s commitment to corporate governance values and active community engagement. Thiqat will provide an integrated database by promoting public engagement and attracting qualified individuals to participate in decision-making in these companies, especially those with distinguished expertise and competencies,’ it said.
Nasser bin Sulaiman al Harthi, acting vice president for operations, OIA, said, “The Thiqat platform will consolidate the role the agency plays in order to embody the Royal directives of His Majesty Sultan Haitham bin Tarik to strengthen the governance of state-owned companies and to expand the circle of community participation to achieve this.”
Applicants can apply through the platform (http://thiqat.oia. gov.om) by submitting their CVs, qualifications, experience certificates, and other supporting documents to enable the authority to select the best representatives to act as board members. The platform will further serve the long-term purpose of building up a talent pool to represent the authority in the future.
Board members will play a supervisory role over the business, formulate the vision and strategy, and address business-related risks by utilising their experiences and knowledge. In addition to their duties to their companies, shareholders, regulatory bodies, legislators, and other related parties, the directors will be responsible for implementing long-term strategies and overall success of the programme.
The platform is an integral part of the restructuring that OIA began since its inception through Royal Decree No 61/2020 and the launch of the Rawabet Programme in September.
The Rawabet Programme acts as a direct link between the authority and its companies, besides linking all their policies and systems with those of OIA to unify and harmonise them with Oman Vision 2040, especially in the context of developing sources of economic diversification.