Emaar Industries & Investments’ CEO, Dr. Ahmad Khayyat, has today commented on the GCC’s corporate governance advancements and has highlighted the potential for the region to act as a global benchmark. Emaar Industries & Investments (EII) is the leading private joint stock company aimed at capitalising on the growth potential of the manufacturing sector in the Middle East, North Africa and South Asia.
Dr. Ahmad Khayyat’s comments come on the back of last week’s research study conducted by a leading global asset manager, which concluded that ‘emerging markets are still lagging behind practices’ in more developed economies.
However, Dr. Khayyat is adamant that the region is on course to raise the standard of corporate governance in emerging markets. “Despite the concerns regarding corporate governance in emerging markets this region is developing at a rapid rate on a number of levels. For example, Emaar Industries & Investments has ensured that not only within our organization but throughout all of our subsidiaries, there must be an elevated standard when it comes to transparency, accountability and business conduct,” says Dr. Khayyat.
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