Following the recent launch of the first results of the CEO Confidence Index 2021 Q1 report by The Mata Chamber of Commerce, Enterprise and Industry, and Vistage Malta, the ‘Thriving during challenging times’ webinar was organized to further discuss these results from a national and international point of view.
“As a Chamber of Commerce, and Malta’s leading voice of business, we are honoured to have been chosen by VISTAGE Malta as their partner on the CEO Confidence Index, the first of its kind in Malta,” started off Ms Marisa Xuereb, Deputy President of The Malta Chamber.
Xuereb continued by noting that such an index could not have been launched at a better time, since due to the economic challenges that have been brought about by the pandemic, business confidence is more pertinent than it ever was. “This CEO Confidence Index is a great tool for any business to acquire valuable insight from other business leaders, and will help entities like the Chamber make more solid representations and draft more informed policy recommendations, for the benefit of the entire business community and the future of the country,” explained the Deputy President.
“Through this Confidence Index, VISTAGE has brought to the table an international benchmarking exercise which is critical to fully understand and appreciate how COVID is affecting not just our economy, but also the international business world on which we ultimately all depend,” stated Xuereb.
VISTAGE Malta CEO Nathan Farrugia said “The value of the CI index, beyond the obvious economic insights explained by Joe in his excellent summary, is a window into the minds of CEOs around the world. It is a tool that gives leaders the confidence to make decisions in a less abstract way. Many leaders state that “It’s lonely at the top” so having these Vistage insights is very helpful. That, essentially, is the reason why Vistage is the largest cohort of CEOs in the world, and why people join.”
Mr Joe Galvin, Chief Research Officer at VISTAGE Worldwide Inc. said “The Vistage CEO Confidence Index has been the leading source for SME CEO sentiment since 2003. Historically a strong predictor of economic growth 3 to 6 months ahead, the index combines CEO input regarding the economy, their business prospects and their expansion plans to create a forwarding looking expression of CEO confidence.”
Download the research results of Q1 by clicking here.