SAGIA, Nasdaq Reach Joint Agreement

Washington, March 28, SPA -- Fox Business News reported Friday that
the Saudi Arabian General Investment Authority (SAGIA) and The Nasdaq
Group have agreed to launch a joint initiative designed to raise
investor awareness of effective corporate governance around the
world.


The centerpiece of the plan will be a list of 100 senior executives
-- including chairmen, chief executive officers or presidents -- of
publicly traded companies who embody innovation, thought leadership
and competitiveness.


According to the Web site, the National Competitiveness Center, a
division of SAGIA, will team up with NASDAQ to screen executives for
the ‘100 CEOs List’ using criteria based on best practice guidelines,
competitiveness, financial performance and other data indicators.


According to the Web site, “the list will serve as a reference tool
for the investing public and provide another measure of corporate
performance. The 100 CEOs list will highlight exemplary corporate
governance and executives who have demonstrated a commitment to
effective practices and policies.”

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