The purpose of this report is to help demonstrate the business case for good corporate governance in MENA. This report shares the experiences of 19 companies that have made governance improvements over the past few years, summarizing the changes they made, and the impacts they reported. In this edition, four of the companies profiled in the earlier publication have provided updates on their continuing efforts to improve their governance. The publication also features the experiences of eight companies that are profiled for the first time.