The Gulf Petrochemical Industries Company (GPIC) took part in a Conference of Internal Auditing in Kuwait.
GPIC Chief Internal Auditor Mr. Omar Al Bastaki presented a paper at the event, held under the patronage of Kuwait Petroleum Corporation Chief Executive Officer H.E. Mr. Nizar Adsani.
The paper, on the important jobs that have a significant impact on the financial operations of companies, included application of duties at GPIC. The paper also discussed the importance of the role of Internal Audit to add value by improving efficiency and effectiveness and to ensure the Senior Management’s commitment to Corporate Governance and sound Management.
In a statement, GPIC President Dr. Abdulrahman Jawahery praised the continuous cooperation between GCC industrial companies in exchanging information and experiences and said such conferences and forums follow up on the latest and best systems on management. He said the companies are experiencing rapid growth that requires them to stay informed and follow-up and stay updated on systems or equipment.
Dr. Jawahery also thanked H.E. Mr. Adsani for having invited GPIC to attend and benefit from its extensive experience in the field of Internal Audit, especially at a time when the success of most industrial companies depends on excellence in applying the best Management Systems.
Dr. Jawahery also stressed on the importance of Internal Audit in the work systems of all institutions and organizations and said these had an impact on controlling their professional performance rate. He pointed out that the conference had discussed several important themes, which included participants discussing ways to improve Corporate Governance and risks, in addition to re-evaluating the important role played by Internal Auditors in ensuring sound management of risks of institutional governance.
The conference attracted a large number of experts in the field of Internal Audit, who conducted seminars in internal auditing trends and emerging best practices. The conference also included seminars and interactive workshops that contributed to providing participants with knowledge and practical experience in the field.
GPIC is keen to give opportunities to its Bahraini workforce to attend conferences and forums within and outside Bahrain and regularly attends such events.