Corporate Governance

Corporate governance is a system of rules, policies, and practices that dictate how a company’s board of directors manages and oversees the operations of a company. Corporate governance includes principles of transparency, account- ability and security. Poor corporate governance, at best, leads to a company failing to achieve its stated goals, and, at worst, can lead to the collapse of the company and significant financial losses for shareholders

What is the regulatory environment surrounding corporate governance compliance?

• Central Bank of UAE’s Corporate Circular number 83/2019 concerning governance regulations and standards aims to standardize corporate governance practices for banks in the UAE.
• Central Bank’s Notice No. CBUAE/BSD/4639/2022 concerning the implementation of the corporate governance regulations and standards for insurance companies.
• Securities & Commodities Authority’s Decision No. (3/Chairman) of 2020 concerning the joint stock companies governance guide.
• Cabinet’s new Decision no. (2/9g) of the year 2023 on the governance system for Federal Government Boards.
• DFSA Rule Book, which contains several guidelines, reading materials and a listing of applicable legislations to DIFC-based entities.
• The ADGM regulation on corporate governance code which was issued by the FSRA in March 2023.

Key Benefits:

• Achieve long-term corporate sustain- ability goals
• Improve the quality of the decisions
• Be more resilient
• Build a Strong brand reputation
• Minimize wastages, corruption, risks, and mismanagement
• Deliver long-term corporate success.

Why Choose MBG?

• 600+ Professionals and experts employed full-time
• 3,000+ Clients globally
• 100+ Fortune 500 Clients served
• 15 offices in 8 countries