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Corporate Governance Services

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Corporate Governance, Ethics and Compliance

  • Corporate governance is a critical component to ensure organizational sustainability and excellence. We at MBG Corporate Services help our clients foster a culture of good governance. Corporate governance compliance promotes integrity, transparency, and responsible decision-making within a company. It is essential for maintaining trust with stakeholders, protecting the company’s reputation, and ensuring its long-term success.
  • Our team of professionals provide robust corporate governance advisory across various sectors to strengthen and enhance the effectiveness of their corporate governance framework.

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.

How does a good corporate governance framework support your business?

  • Effective risk management: A robust governance framework helps identify, assess, and mitigate risks effectively.
  • Improved decision-making: Good governance practices often involve the creation of clear policies, procedures, and decision-making structures.
  • Ethical conduct and compliance: Strong governance promotes ethical behavior throughout the organization.
  • Long-term sustainability: Companies that prioritize good corporate governance are more likely to focus on long-term sustainability rather than short-term gains.
  • Competitive advantage: A reputation for good corporate governance can be a competitive advantage.
  • Attracting and retaining talent: Companies with strong governance are often seen as desirable employers.
  • Resilience in economic downturns: Companies with sound governance structures are better equipped to weather economic downturns and crises.

How can MBG’s corporate governance advisory services help you?

  1. Independent performance assessment of the board and its committees.
  1. Assess governance maturity, improve/ design governance operating models, charters, policies, procedures, and delegation of authority matrices.
  1. Defining the roles and responsibilities, accountability, powers and authority of the shareholders, board, board committees and management.
  1. Defining, managing and monitoring board members’ independence status.
  1. Independent assessment of internal audit, risk management, and compliance functions.
  1. Develop a risk and compliance management operating model, policies and processes.
  1. Ensuring adequate corporate governance practices amongst all subsidiaries.

 

  1. Corporate governance framework

Welcome to our corporate governance framework landing page. At MBG, we understand the importance of transparent and effective governance practices in achieving long-term success and sustaining stakeholder trust. Our team of experts draft a corporate governance framework, which serves as a blueprint for decision-making, accountability, and ethical conduct throughout our organization.

Key components of our corporate governance framework include:

Board of Directors: Our board comprises experienced professionals who provide strategic guidance and oversight.

Board Committees: To ensure thorough oversight, our board has established specialized committees, such as audit, risk, compensation, and nominating/governance committees.

Ethical Code of Conduct: We adhere to a comprehensive code of conduct that outlines the ethical principles and standards of behavior expected from all employees, directors, and partners.

Risk Management: We have implemented robust risk management processes to identify, assess, and mitigate risks that could impact our business operations, reputation, or financial performance

Transparency and Disclosure: We are committed to transparency in our operations and financial reporting.

Stakeholder Engagement: We actively engage with our stakeholders, including shareholders, employees, customers, suppliers, and the community, to understand their perspectives and address their concerns.

Continuous Improvement: We regularly review and update our corporate governance practices to adapt to changing regulatory requirements, industry trends, and best practices.

By adhering to these principles and practices, we demonstrate our commitment to responsible and sustainable business practices, creating long-term value for our stakeholders. Thank you for your interest in our corporate governance framework. If you have any questions or would like more information, please don’t hesitate to contact us.

  1. GAP Assessment

At MBG, we understand the importance of strong corporate governance practices in ensuring transparency, accountability, and sustainable growth. Our Gap Assessment service is designed to help organizations identify areas where their current governance framework may be lacking and provide tailored recommendations for improvement.

Why Conduct a Gap Assessment for Corporate Governance?

Effective corporate governance is critical for maintaining the trust of stakeholders, protecting against risks, and driving long-term value creation. However, as business environments evolve and regulations change, it’s essential for companies to periodically evaluate their governance practices to ensure they remain effective and compliant.

Our Gap Assessment for Corporate Governance enables organizations to:

  • Identify Areas of Weakness:
  • Assess Compliance
  • Mitigate Risks
  • Enhance Performance:
  • Strengthen Stakeholder Confidence:

Our Approach

Our experienced team of governance experts will work closely with your organization to conduct a comprehensive assessment of your corporate governance practices. Our approach typically includes:

  • Review of Governance Documents:
  • Interviews and Surveys
  • Gap Analysis.
  • Recommendations and Roadmap:

Get Started Today

Don’t wait until governance issues escalate into crises. Take proactive steps to strengthen your organization’s governance practices and safeguard its long-term success. Contact us today to learn more about our Gap Assessment for Corporate Governance and how we can support your organization’s journey toward excellence in corporate governance.

  1. Board charter

At MBG, we believe that clear governance is essential for driving success and achieving our goals. Our Board Charter serves as a foundational document outlining the roles, responsibilities, and operating procedures of our board of directors. It ensures that our board operates effectively, transparently, and in the best interests of our stakeholders.

Key Components of Our Board Charter:

Purpose and Objectives:

Board Composition:

Roles and Responsibilities:

Meetings and Procedures:

Ethical and Legal Standards:

Review and Evaluation:

Amendment and Interpretation

Why Our Board Charter Matters:

Transparency: Our board charter promotes transparency by clearly outlining the roles, responsibilities, and processes governing our board’s operations.

Efficiency: By providing clear guidance on meeting procedures and decision-making processes, our board charter promotes efficiency and effectiveness in board governance.

Compliance: Our board charter ensures compliance with legal and regulatory requirements, as well as industry best practices.

Get Involved:

As a stakeholder in our company, we invite you to review our Board Charter and provide feedback or suggestions for improvement. Your input is valuable as we strive to maintain strong governance practices and achieve our objectives.

  1. Board assessment

We at MBG are excited to offer a comprehensive assessment solution for your board members. Our assessment tool is designed to provide valuable insights into the effectiveness, strengths, and areas for improvement of your board.

Why Choose Our Board Assessment Tool?

Tailored Assessments: Our assessments are customized to fit the unique needs and dynamics of your board. We understand that every board is different, and our tool is flexible enough to accommodate various structures and objectives.

Comprehensive Analysis: Our assessment covers a wide range of dimensions, including board composition, leadership effectiveness, communication dynamics, strategic planning, governance practices, and more.

Actionable Insights: We don’t just provide data; we provide actionable insights that you can use to drive meaningful change within your board.

Confidentiality and Privacy: We understand the sensitive nature of board assessments and prioritize confidentiality and privacy.

Continuous Improvement: Board assessment is not a one-time event; it’s an ongoing process.

How It Works

Customization: We work with you to tailor the assessment to your specific needs and objectives.

Data Collection: Board members complete the assessment anonymously, providing honest feedback on various aspects of board performance.

Analysis and Reporting: Once the assessments are complete, our team analyzes the data and generates detailed reports.

Action Planning: Armed with the assessment results, we collaborate with you to develop actionable plans for improvement.

Get Started Today!

Ready to elevate your board’s performance? Get started with our board assessment tool today! Contact us to learn more and schedule a consultation. Let’s work together to unlock the full potential of your board.

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Standard Operating Procedure

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What can we help you achieve?

Stay one step ahead in a rapidly changing world and build a sustainable future with us.

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