GCC corporate governance is developing rapidly, said Emaar Industries and Investments (EII) chief executive officer Dr Ahmad Khayyat.
He highlighted the potential for the region to act as a global benchmark.
Dr 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 and Investments has ensured that not only within our organisation but throughout all of our subsidiaries, there must be an elevated standard when it comes to transparency, accountability and business conduct," said Dr Khayyat.
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