Dubai Financial Market strengthens its partnership with Hawkamah Institute

Dubai 19-08-2019 / WAM
Dubai Financial Market (DFM) has strengthened its successful partnership with the DIFC Authority’s Hawkamah Institute to improve corporate governance practices in the UAE.

In 2017, DFM and Hawkamah signed a cooperation agreement to develop governance and sustainability practices in the corporate sector in the UAE, particularly Dubai. Hawkamah has since trained more than 100 board secretaries from listed companies. To provide brief presentations to inform the boards of over 65 per cent of DFM listed companies on corporate governance practices and the role of boards in corporate governance and sustainability.

HE Issa Kazim, Chairman of the Dubai Financial Market (DFM), stressed that the practices of governance and sustainability are central to the vision of the market as it adopts best practices to ensure that these principles are embedded in the companies listed on the DFM. He pointed out that the cooperation with Hawkamah Institute has proved successful in terms of improving governance practices. At listed companies in Dubai Financial Market.

Dr. Ahmed Hassan Bin Al-Sheikh, Chairman of Hawkamah Institute, said that in cooperation with DFM, the Institute has made great strides in advancing corporate governance standards in the UAE. To date, the Institute has trained more than 1,800 managers and more than 200 Secretary in various companies