DUBAI / WAM
Dubai Financial Market (DFM) and The Hawkamah Institute for Corporate Governance (Hawkamah) signed a strategic partnership agreement in order to promote best practices of Corporate Governance in the UAE.
According to the agreement, the two leading bodies will join hands to organise series of workshops, programmes and training courses as well as launch practical guides to further enhance the implementation of Corporate Governance within DFM-listed companies in particular and UAE companies in general. The two sides will collaborate to encourage efforts to reinforce this sector in Dubai, which in turn will strengthen the leading position of the Emirate as a dynamic capital markets hub and centre of excellence.
Essa Kazim, Chairman of DFM and Hamad Buamim, Chairman of Hawkamah Institute, signed the agreement in the presence of other officials from both organisations.
DFM and Hawkamah will jointly advocate for the enhancement of governance practices. This will be achieved based on four key pillars including increasing awareness and highlighting Corporate Governance importance in achieving growth for businesses in Dubai and the UAE, as well as improving governance practices within DFM-listed companies to create a comprehensive decision-making framework that reflects positively on the company’s reputation, performance and ability to raise funds.
The agreement also outlines areas of cooperation to embed Corporate Governance culture within listed companies.