Promoting fair and open international trade and investment
While the international community has been successfully rolling back protectionist policies in the past, we have recently witnessed increasing tensions in the global trading system: trade barriers have been on the rise and trade wars erupted.
However, a rules-based multilateral system and a fair and open trade environment have proven to be valuable drivers of global economic growth. Continued protectionism, state support and potential regulatory gaps, where policy-making is unable to keep up with the speed of the economic transformation are among the key trade-related challenges today.
The taskforce on Trade & Investment will focus on these challenges including the changes needed to ensure the rules-based, multilateral system is fit for purpose and supports a fair and open trade environment.
Lubna S. Olayan – Chair Executive Committee, Olayan Financing
Lubna S. Olayan is Chair of the Executive Committee at Olayan Financing Company (OFC) and Chair of Olayan Saudi Holding Company (OSHCO).
In 2004, Ms Olayan was elected to the board of Alawwal Bank – the first woman to join the board of a Saudi publicly listed company. In 2019, she became Chair of the entity formed following the merger of Alawwal with SABB.
She joined the board of Schlumberger in 2011 and Ma’aden in 2016. Ms Olayan also sits on the advisory boards of Akbank, Allianz SE, McKinsey & Co, and Bank of America Merrill Lynch. She is a trustee of the King Abdullah University of Science and Technology (KAUST), the Massachusetts Institute of Technology (MIT), and the Asia Business Council. She also serves as President of the Suliman S. Olayan Foundation and Chair of Alfanar, a UK-based charity.
Ms Olayan holds a BSc from Cornell University and an MBA from Indiana University.
Ziyad Al Shiha – Former President and CEO, Saudi Electricity Company
Jaime Ayala – Chairman & CEO, Ayala Corporation (Phillipines)
Thomas Donohue – President & CEO, US Chamber of Commerce (US)
Gabriele Galateri – Group Chairman, Generali (Italy)
Ratan Tata – Chairman Emeritus, Tata Sons (India)
Mark Tucker – Group Chairman, HSBC (UK)
Marcus Wallenberg- Vice Chairman, SEB Group (Sweden)
Ju Weimin – VC and President CIC (China)