Over 10 years we help companies reach their financial and branding goals. Engitech is a values-driven technology agency dedicated.

Gallery

Contacts

411 University St, Seattle, USA

engitech@oceanthemes.net

+1 -800-456-478-23

Corporate Goverance Updates issued by the SCA for listed joint stock companies in the UAE

In recent times, there has been increasing focus on strengthening governance across companies in the United Arab Emirates (UAE), particularly listed public joint stock companies. Since its inception, the Securities and Commodities Authority (SCA) has been keen on strengthening the legislative structure through their initiatives, issuance of regulations and instructions that further enhance the governance of companies operating in the securities market. With the ultimate focus of maintaining transparency and enhancing stakeholders confidence, SCA continuously monitors the key developments worldwide in the field of strengthening governance and adopting principles that contribute to achieving its vision. In its initiative to further develop and enhance corporate governance standards, the Joint Stock Companies Governance Guide (“Guide”) issued by the SCA has been amended pursuant to the decision of the Chairman of the Board of the SCA [No.(02/RM) of 2024] as issued on 10 January 2024 and enforced on 16 January 2024. The amendments are focused on further enhancing the governance in order to protect the interest of shareholders. Our thought leadership publication issued in February 2024 focussed on key amendments to the Guide and outlined insightful perspectives on internal control, risk management, compliance, corporate governance and more In this publication, we have further detailed our analysis of the amendments to the Guide and related implications for the companies in UAE. We look forward to continuing to engage with you.

As a follow-up to our Early Impressions publication, this document further details our analysis of the amendments to the Guide and the related implications for companies in the UAE. 

Tags

Similar Insights

cs2

Support on the InvIT listing of a renewable power solution player


The company is among the largest private sector renewables companies in India. It is also India’s largest renewable energy listed InvIT.

Read More
cs2

SOX management testing and remediation plan for an online travel company


One of the largest online travel company in India, a foreign private issuer, listed on NASDAQ.

Read More
cs2

SPAC listing of a development stage company


A development stage company engaged in setting-up battery grade lithium production, based in the US, in process of listing on NASDAQ.

Read More
cs2

Technical accounting advisory services in relation to legal reorganization schemes


Multiple companies across sectors, including real estate, online gaming, and auto companies.

Read More
cs2

Financial and regulatory reporting post acquisition


A leading Indian bank, post-acquisition of a major housing finance company, faced intricate challenges in financial and regulatory...

Read More
RBI Circular on Key Facts Statem

Early Impressions RBI Circular on Key Facts Statement for Loans Advances.


India’s central bank, The Reserve Bank of India (RBI), plays a very important role in regulating and ensuring transparency in the retail...

Read More