• The innovation lab involved four sessions in which participants presented creative ideas to help develop innovative institutional solutions and action plans based on resilience and proactiveness.
• The lab involved brainstorming activities to come up with innovative initiatives and new solutions aimed at improving institutional performance.
Dubai, February 28, 2024: In collaboration with Authenticity Coaching and Consultancy, the Securities and Commodities Authority (SCA) organized the first innovation lab ‘Institutional Reputation’, which was held as part of the UAE Innovates 2024 activities and the efforts aimed at promoting innovative practices that are driven by resilience and proactiveness in the workplace.
The lab was inaugurated with an opening speech by H.E. Dr. Maryam Butti Al Suwaidi, CEO of SCA, followed by a presentation given by Azzan Lootah, CEO of Authenticity Coaching and Consulting, in the presence of the SCA staff and an elite group of institutional development experts and specialists.
In her opening speech, Dr. Al Suwaidi said that the SCA is striving to promote its institutional reputation by adopting innovative practices driven by resilience and proactiveness, stressing that maintaining a positive reputation is a key driver of success and a factor that contributes to the successful strategic partnerships built with all relevant parties in the economic and financial sectors.
She explained that since its inception, the SCA has been determined to promote communication and establish trust with investors, customers, and partners by improving the regulatory and investment environment and implementing initiatives to help foster innovation, enhance financial market performance, and increase investment inflows to keep pace with the accelerating economic growth and enhance the country’s competitiveness globally.
Dr. Al Suwaidi concluded by praising the ideas shared by participants, the productive debates they had about the present challenges and opportunities, and the way they evaluated solutions and proposals that are intended to help foster innovation and encourage the adoption of the standards of excellence to improve the SCA’s future action plans.
The innovation lab involved four sessions. In the first session, participants presented innovative ideas and shared experiences with a view to promoting institutional reputation. The second session started with icebreaker activities and participants reviewed the current status and discussed challenges and key success factors. The third session involved brainstorming activities to help come up with innovative initiatives and new solutions to improve institutional performance while the fourth session summarized the ideas shared.