MSI 20000, a first in Morocco

In the Maghreb region, Morocco is the third country, after Tunisia and Egypt, to host the launch of the MSI 20000 certification (Market Standard International, index 20000) An announcement made at the round table organised by the Swiss Chamber of Commerce in Morocco in partnership with SGS Morocco and MSI Geneva. In the Kingdom’s constantly evolving economic and financial environment, the MSI 20000 standard presents itself as a common index for market players and operators seeking a financial benchmark at national and international level. It was in this context that the financial expert Mr Eymen Errais, PhD, FRM, who represents the French-speaking countries of the Maghreb within the MSI Organisation and was the guest of honour of the Swiss Chamber of Commerce, presented at this seminar what is at stake with such a certification in the Moroccan context As a reminder, the Swiss MSI Organisation owns and regulates the MSI 20000 standard.

SGS, exclusive MSI 20000 certifier in Morocco

A leader in Certification and Inspection in Morocco, SGS is today the only body authorised to issue this certificate in the Kingdom. Ms Majda Mansory, Certification Director at SGS Morocco and a speaker at this meeting, highlighted in her speech the achievements of SGS to date in the field of control and auditing, both nationally and internationally. She stressed that this MSI 20000 certification issued by SGS is “a major indicator capable of providing information on the quality of an organisation’s financial management, built around two main pillars: soundness on the one hand and financial performance on the other”.

A certification for good financial governance

This standard aims to advance good practice in financial governance. As explained by Mr Eymen Errais, “the MSI 20000 financial diagnosis offers decision-makers a support tool for financial management on various points such as financing and investment policy, operating cycle management and performance management, but also liquidity and risk management policy, among others”.

Along the same lines, Mr Souheil Skander, representative of IWK Corporate for the Maghreb with Maghreb Corporate, the entity dedicated to the region, took part in the debate, adding that “certification is also a communication vehicle, a reliable and concrete argument that reflects the conformity of a system with a set of requirements”. As a reminder, the standard was officially born in 2008, following the “subprime” crisis. Initially driven by European players in response to this American crisis, the idea was to identify the soundest stocks on the financial markets. Today, the standard has been extended to any company wishing to measure the quality of its financial activity and to showcase it.

What they said…

I was delighted to take part in this seminar on the MSI 20000 standard, organised by the Swiss Chamber of Commerce. It illustrates the commitment to provide its member companies with tools for development and continuous improvement, giving itself the means to strive for excellence in financial governance. I would also like to congratulate the Chamber, which invited the most qualified people to discuss the issues and advantages of such a certification. Mr Eyman Errais , PhD, FRM, Maghreb Representative of the MSI Organisation

The launch of this certification in Morocco was a great success, with a very rich debate. We are convinced that, thanks to the expertise of our financial specialists, this certification will bear fruit in Morocco, as it has in the other countries where it has been successful. Ms Majda Mansory , Certification Director, SGS Morocco