Corporate Governance

Corporate governance in Dubai

With the fast growing economy, the Middle East has increased awareness of corporate governance in the past decade. The level of sophistication in

governance laws and frameworks may vary but there is real focus on implementing these laws and requirements, applicable to the corporate governance in the Middle East.

What is corporate governance?

Corporate governance relates to the practices, process, and structures of a company that enable a business to meet its financial goals,

operational, and strategic goals, with long standing sustainability and corporate performance.

Qualified board

The board should have directors and shareholders with experience and deep knowledge in business. The majority of board members should be

independent and free from day to day management of the company. This ensures diverse and unbiased view on company governance.

Ensure ethical behavior

According to the company governance, managers should never breach their duties. As per the company’s commercial law, managers are not exempted

from including language to this respect into this MoA. The company should have a code of conduct and it’s significant to instill a perfect business culture compliant with the company’s policies and UAE law.

Performance Evaluation

While implementing corporate governance, focus on measurable performance targets and evaluate it on a regular basis. This should be tied

with compensation or potential termination in the event of poor performance.

Risk-management

Corporate governance companies support businesses in identifying the risk and produce certain risk management procedures.

This include financial risks, risk to company reputation, operational risks, legal risk, and supplier risk. Identify both long-term and short-term risk and determine the performance effect they could have on business. With the help of risk management framework, these risks could be reduced.

Why choose Gnosis ?

Gnosis is one of the best corporate governance companies in Dubai with great experience in handling thousands of clients in various markets and industries. We support in this crucial task considering your market area and keeping the technical efficiency in mind.

Corporate Governance