At its core, good governance is a comprehensive framework that aligns an organisation’s operations with its strategic objectives, legal obligations, and stakeholder expectations
governance
Latest in governance
Artificial intelligence
UAE sets global standard for future-ready governance, says top official
“We are setting the standard for the rest of the world to follow,” says Ruqayya AlBlooshi
family business
UAE announces new family business registry, improves competitiveness, enhances governance
The initiative is aimed at ensuring family businesses’ sustainability and leadership in line with the country’s vision
business strategy
Family businesses in the UAE: Catalysts for sustainable drive at COP28
Raajeev Batra, Partner and Head of Private Enterprise at KMPG Lower Gulf, explains how the engagement of family businesses in the nation’s sustainability agenda is crucial to the success of COP28 in the UAE
Abu Dhabi
UAE ultra-rich, family offices to contribute $500bn to economy by 2026
The UAE economy is set for a half a trillion USD boost from the super wealthy and family offices
accountability
Sharjah Prize in Public Finance increases award categories to 17 for 2nd edition
The move to expand the number of categories followed a surge in the turnout for participation
Easa Saleh Al Gurg Group
Good governance is the bedrock of a successful family businesses
The foundation of every family business is a set of values that form a huge part of a company’s legacy, longevity, and resilience
Abu Dhabi
ADGM publishes whistleblowing guidelines in a bid to boost transparency
The guidelines are applicable for all ADGM-registered entities
advisory services
KPMG Lower Gulf’s embattled CEO Nader Haffar to step down
The company was recently fined $2 million by Dubai Financial Services Authority over its audit of Abraaj; Haffar himself was in trouble over nepotism and cronyism charges
family businesses
Most high net worths in Middle East don’t have a wealth succession plan for family business
An exclusive survey by Lombard Odier also finds the overwhelming majority intend to keep their wealth in the region for the foreseeable future
carbon neutral
UAE’s Higher Colleges of Technology becomes first university to be granted a five-star ESG rating
The university will look to the ratings to boost HCT’s international standing and attract people from around the world, seeking to work and collaborate with HCT
governance
Transformative projects and greater authority to federal ministries part of UAE’s new governance model
The UAE is seeing a rapid growth phase, and the world is experiencing unprecedented geopolitical and technological shifts. Countries that adapt to these developments quickest will be successful, Sheikh Mohammed bin Rashid said
Arab Monetary Fund
Economic freedom, effective governance remain key to unlocking FDI inflows into the Arab region: study
The Arab Monetary Fund study calls for policymakers in the Arab region to strengthen and reform relevant laws and regulations, lower the barriers to business entry, limit risks, and improve cooperation policies
corporate governance
GCC boards need to focus on diversity, transparency and independence
In the GCC, countries are under increasing pressure to align their companies’ governance practices with what are considered best practices in other regions
corporate governance
The G is not silent in ESG
Historically, the environmental (E) and social (S) aspects of ESG have tended to overshadow governance (G) features
Board Members
Why more needs to be done for Middle East boards to reach full potential
If directors consider themselves in a genuine position for the longer-term, and boards develop in a style more aligned to that addressed in this article, we will start to see an exciting industry mature; one that is more diverse, agile, and committed than ever before