The structure of Dubai Group requires detailed corporate governance rules to ensure external parties understand the way Dubai Group operates and it is accepted that corporations embracing an appropriate governance structure will enjoy recognition and respect as a world-class player.
Foreign employees, the association with partners, consultants and suppliers whose remuneration is based on performance, require that Dubai Group provides credible and audited annual numbers. The calculation of bonuses and fees are acceptable only if based on audited results, and hence the existence of a Risk and Audit Committee as well as a Remuneration and Nomination Committee is critical to the governance structure.
The complexity of multiple geographical operations requires analysis of the world, discussions on possibilities, and alternatives and strategic revisions. The Working Strategy Committee is a forum where these issues are reviewed, opportunities evaluated, and decisions made for the Group to respond in the appropriate fashion.
As Dubai Group is a private company, we do not issue results. However, we do have exposure to the international press, and hence, our corporate governance includes a framework for the management of external communications.
Click here to download the detailed Dubai Group Corporate Governance document
