Monday, July 10, 2006

Hawkama and Esca join hands for governance


Emirates Securities and Commodities Authority (Esca) signed yesterday a MoU with Hawkama Institute for Corporate Governance, for the purpose of developing a framework to establish a mechanism for corporate governance to be applied to the UAE listed companies.

The proposed framework for these new regulations includes transparency, investors and shareholders protection, board members responsibility, independence of management, and applying international accounting standards.

See full Article.