Capacity Building
The Fund has set a capacity building program to further develop the
representatives’ skills and performance and keep them updated with corporate
governance best practices. As part of that program, the Fund periodically
organizes forums that host experts in the related fields that would enhance the
representatives’ performance.
First Forum: In March 2019, SSIF held the first forum on the best practices in corporate governance. The forum hosted speakers from the Central Bank of Jordan (CBJ), Jordan Securities Commission (JSC), Amman Stock Exchange (ASE), Amman Chamber of Commerce and the private sector.
The
speakers covered issues such as the benefits of corporate governance
implementation, minority rights, conflict of interest
and transparency requisites.
Second Forum: In July 2019, SSIF held the second forum on the Jordanian legal framework of implementing corporate governance practices.
The forum addressed key
aspects pertaining to the implementation of corporate governance practices at
public and private equity companies and the role of the board representatives
in solving related problems at the boards’ level.
Third Forum: In February 2020, SSIF held the third forum that discussed issues related to the standards of corporate governance. The forum hosted a number of experts from the Central Bank of Jordan (CBJ), the United Nations of Development Programme – UNPD Jordan, Jordan Institute of Directors and representatives from the private sector.
The speakers discussed the latest corporate governance
practices and their impact on the stakeholders’ rights and the companies’
profitability, and the impact of implementing Sustainable Development Goals
(SDGs) on the companies’ business and the local society and environment. The forum also shed light on the CBJ’s
regulations pertaining to corporate governance implementation in banks and
banking secrecy.
Forth Forum: In November 2021, SSIF held the forth forum that discussed the recent trends in corporate governance. The forum hosted a number of local and Arab experts who discussed how the board of directors dealt with the challenges the faced due to the pandemic and how they mitigated its impact on the business environment.
The
forum shed light on the role of corporate
governance in business sustainability, and the role of the external auditor in supporting
corporate governance practices.
The
forum also highlighted the global environmental, social, and governance (ESG) pillars when formulating policies and implementing various
activities, and drew the attention to the importance of these non-financial
indicators on the business sustainability along with financial indicators.
Fifth Forum: In
July 2022, the Social Security Investment Fund (SSIF) convened its Fifth
Corporate Governance Forum under the theme: “The Monetary Policy of the Central
Bank of Jordan and its Effect on the Jordanian Economy and the Financial
Positions of Companies.”
The
forum featured experts from the Central Bank of Jordan (CBJ) and the private
sector, who explored the core tenets of CBJ’s monetary policy and its impact on
various economic sectors. Discussions highlighted the measures taken by CBJ to
preserve monetary stability and foster a more investment-friendly environment, particularly
during critical periods such as the COVID-19 pandemic.
Private
sector experts reflected on the implications of rising interest rates and
monetary tightening on companies’ financial positions. Dialogue also focused on
enhancing corporate resilience in times of crisis through effective liquidity
management, asset-liability alignment, and access to appropriate financing
solutions.
Sixth Forum: In
September 2022, SSIF convened its Sixth Corporate Governance Forum under the
theme: “Social, Environmental, and Corporate Governance,” in cooperation with
the Jordan Institute of Directors (JIoD) and its strategic partner, the
International Finance Corporation (IFC), a member of the World Bank Group.
Experts
from IFC participated in dialogue sessions that highlighted the experiences of
global companies and best practices in sustainable development and the green
economy transition. Discussions focused on the positive impact of adopting
social, environmental, and corporate governance standards on financial and
operational performance, as well as on the broader business climate and
economy.
The
forum also underscored the strategic role of boards in embedding sustainability
standards and practices. Emphasis was placed on how such practices strengthen
long-term financial sustainability, enhance competitiveness, and
institutionalize the principles of good governance and sound management.
Seventh
Forum: In
March 2023, SSIF held its Seventh Corporate Governance Forum under the theme:
“Corporate Financial Positions and Insolvency.”
The
forum brought together financial, legal, and accounting experts to discuss
global economic trends, financial crises, and their implications for corporate
performance and national economic stability. A dedicated session featured an
analytical review of a Jordanian public shareholding company’s 2022 financial
statements, focusing on key indicators and growth assumptions.
Another
session explored the role of the Insolvency Law in corporate governance and
risk mitigation. The law was presented as a vital instrument for enabling
distressed companies to restructure rather than liquidate, thereby protecting creditor
rights, preserving value for stakeholders, and reinforcing investor confidence
in Jordan’s legislative and regulatory environment.
Eighth Forum: In
December 2023, SSIF organized its Eighth Corporate Governance Forum under the theme:
“Corporate Governance Regulations for Banks,” in collaboration with the Central
Bank of Jordan (CBJ).
The
forum featured a CBJ expert speaker and targeted SSIF representatives serving
on the boards of banks and financial institutions in which the Fund holds
equity. Discussions centered on the recently amended banking governance
regulations and the pivotal role of boards in setting institutional goals,
directing policies, and overseeing strategic planning.
The
forum also addressed the importance of aligning bank governance with
environmental and social responsibility, executive performance oversight, and
the adoption of sustainable operational practices—ultimately contributing to a
stronger financial sector and national development.
Ninth Forum: In
November 2024, SSIF held its Ninth Corporate Governance Forum under the theme:
“The Role of Board Members in Strategy Development and Sustaining Outcomes.”
The
forum featured a focused session on strategic management and governance tools essential
for effective planning. Key discussions emphasized the importance of
forward-looking corporate vision, data-informed decision-making driven by
market trends, and performance monitoring to ensure agility and strategic
alignment.
The
forum concluded with a reaffirmation of SSIF’s commitment to enhancing the
performance of its portfolio companies through close cooperation with key
stakeholders and the adoption of international best practices. These efforts
aim to support the Fund’s long-term goals and advance Jordan’s sustainable
economic growth.
Tenth Forum: In
May 2025, SSIF convened its Tenth Corporate Governance Forum under the theme:
“Toward Strategic Governance that Delivers Sustainable Impact.”
The
forum welcomed high-level speakers from the Amman Stock Exchange, the Central
Bank of Jordan, and UN Women – Jordan. Through three thematic sessions, the
forum spotlighted the global shift from traditional to strategic governance,
emphasizing the need for strong oversight, institutional resilience, and
sustainable performance.
Key
topics included the importance of climate-related disclosures in enhancing
corporate transparency, the role of boards in channeling investments into green
finance as a pillar of economic sustainability, and the impact of women’s
participation in leadership on governance quality and ESG outcomes.