Corporate Governance under UAE Law – STA Law Firm – Corporate Law Firm in Middle East, Asia and Europe | Lawyers in Dubai and UAE

Court Uncourt – Your definitive source for all things legal. Law Updates from STA Law Firm. Now available on iOS, Google Play, Amazon, and more!

Sourced through from:

Corporate Governance
“An ounce of prevention is worth a pound of care.”

This old adage holds true when principles of corporate governance and their implementation in the GCC are discussed. Implementation of good corporate governance practice perhaps is essential when weighed against ownership disputes, succession issues and stakeholder disputes.
In a survey published by the DIFC, the Chairman and CEOs of key institutions believed that the governance of their companies is well established. In the same survey however, the views from other family members of the same company who were involved at different positions, were divergent. Whilst many companies, particularly the listed ones claim to be the part of UAE Government’s initiative to streamline and strengthen internal corporate governance code, small and medium size enterprises (SMEs) and family owned enterprises (FOEs) are yet to follow the norm.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s