Jordan's Anti-Corruption Commission Supports Administrative Reform and Investor Protection - Jordan News

Jordan News

31-01-2025

Amman– Dr. Mohannad Hazazi, Chairman of the Integrity and Anti-Corruption Commission, confirmed that the commission is working to support the path of administrative and economic reform and contribute to creating an investment-friendly environment while enhancing its role in encouraging investment and protecting investors. اضافة اعلان Hazazi stated that this effort is in line with the royal directives and the government's priorities related to improving the investment climate and protecting existing investments in the Kingdom. He emphasized the importance of building a real administration, which is essential for attracting and encouraging investment. During a meeting organized by the Amman Chamber of Commerce on Wednesday evening, Hazazi presented the commission's role in protecting investors and contributing to creating a fair and transparent investment environment. He explained that the commission has adopted a new approach in oversight by focusing on identifying the causes of past mistakes and finding solutions to prevent them in the future. The commission actively works to achieve a corruption-free national environment by improving the performance of public administration institutions, enhancing the quality of services provided to the public, and promoting the National Integrity Index as a tool to measure public institutions' adherence to national integrity standards. He also emphasized that in order to move forward with economic progress, a developed, efficient, and effective administrative system is crucial. Hazazi highlighted the important role of the private sector as a key pillar of economic development, as it plays a vital role in achieving sustainable development, creating job opportunities, reducing poverty and unemployment, and increasing the GDP. He noted that the commission has contributed to reviewing regulations and legislations governing the work of public institutions related to investment, focusing on the application of these regulations and their role in encouraging and facilitating the activation of electronic services in public administration. He also called for a review of the legislative system concerning the supervisory role of the Amman Stock Exchange Management Committee, the Companies Control Department, and the Securities Commission, in accordance with international standards and best practices. He stressed the importance of updating compliance policies with governance standards and ensuring their application to public shareholding companies. Moreover, the commission aims to empower the Companies Control Department and the Securities Commission to enforce these policies based on their respective areas of jurisdiction. Hazazi assured that amending the regulations governing the supervisory work of the Securities Commission and the Companies Control Department does not conflict with the commission's oversight responsibilities, as their roles are complementary, not overlapping, with each body focusing on its own areas of expertise. The commission follows this approach in coordination and cooperation with the relevant regulatory bodies. On the other hand, Amman Chamber of Commerce President Khalil Hajj Tawfiq expressed the commercial and service sector's pride in the commission's role in enhancing the business environment and protecting the rights of investors and business owners. He emphasized that the commission represents a cornerstone in combating corruption and promoting transparency and integrity, which helps in creating a stable and secure working environment for all economic sectors. This, in turn, encourages local and international investments. Tawfiq reiterated that fighting corruption is a national duty for all, and stakeholders in both the public and private sectors share the common goal of achieving the objectives of the Economic Modernization Vision, which focuses on attracting investments and improving the business environment. He emphasized that integrated efforts between the various entities are essential for achieving economic growth and creating new job opportunities, contributing to the national economy and increasing growth rates. Tawfiq also emphasized the importance of effective partnership between the public and private sectors to ensure continued economic growth and attract more investments that generate job opportunities. He added that the commercial sector highly values legal and transparent practices, and coordination between both sectors contributes to a more stable and reliable working environment that benefits all parties. The Amman Chamber of Commerce fully supports all initiatives aimed at enhancing integrity, including developing regulatory systems and providing a legal environment that protects investors. During the meeting, attendees raised various questions and inquiries regarding efforts to improve the investment environment. They emphasized that implementing awareness programs to promote values of integrity and transparency in commercial and service transactions would help increase awareness among both employees and investors, and reduce corruption and illegal practices in the workplace.
Attendees also presented ideas and proposals that could contribute to effectively implementing these programs, such as organizing regular workshops and training sessions for the commercial and service sectors, as well as establishing direct communication channels to receive complaints from investors and business owners.