Abu Dhabi Securities Market will introduce stringent rules for listed companies in order to ensure transparency in their day-to-day affairs by more disclosures, mandatory audit committees, enhanced shareholders rights and provision to improve liquidity, said an ADSM official yesterday.
It is now established practice for regulated markets to require companies listed to disclose or comply with some form of Code of Corporate Governance, the official said.
As part of its "Best practices" programme, Abu Dhabi Securities Market, or ADSM, will include in its listing rules those international accepted mandatory requirements which all companies must follow, and which are not yet present or covered in the UAE law.
See full Article.
Posts
