Dubai: Dubai Financial Market (DFM) said it has organised a workshop on best practices of Corporate Governance, with the participation of 10 listed companies, to further enhance the implementation of Corporate Governance within listed companies.
Over the past years, DFM has played a pivotal role in promoting the increasing adherence of listed companies to Corporate Governance regulations. This proactive approach has been widely welcomed by listed companies and significantly strengthened investors’ confidence.
Companies that participated in the workshop included; Emaar Properties, AMLAK Finance, Marka, Shuaa Capital, DXB Entertainments, Dubai Refreshments, Alliance Insurance Company, Union Properties, Takaful Emarat Insurance and Dubai Financial Market.
The workshop included the general framework and recent trends of Corporate Governance, and the role of Corporate Governance in reinforcing companies’ growth through the effectiveness of its board of directors and committees as well as audit and compliance teams, which ultimately creates a sound and well-governed framework for the decision making process and enhances companies’ reputation and operational efficiency. The workshop also included the importance of disclosure and transparency in the timely updating of stakeholders about the most recent information and developments, in order to deepen their knowledge about the company and help them to take well-informed decisions.
Transparency
“DFM relentlessly endeavours to further enhance the leading position of Dubai and the UAE as well as to create a well-disciplined environment that supports sustainable growth. We are committed to promote international best practices of Transparency, Corporate Governance and Investor Relations in an effort that reflects positively on the performance of our listed companies and in line with Dubai’s prominent position as centre of excellence in various sectors, particularly business and finance,” Essa Kazim, Chairman of DFM, said in a statement.
“The past years have witnessed a big leap in listed companies’ adoption of Corporate Governance and we collaborate with various stakeholders, with the SCA as the issuer of rules of Corporate Governance at the forefront, as well as the listed companies and Hawkamah Institute in order to reinforce awareness about the importance of Corporate Governance in achieving operational efficiency,” Kazim added.
