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Emaar outlines corporate governance strategy at forum

Dubai, November 9, 2008

Emaar Industries and Investments’ (EII) corporate governance strategy was explained by the company's chief executive officier at the Middle East Directors’ Duties Forum.

The forum, which concludes tomorrow (November 10), plays host to the region’s leading investment CEOs, board members and senior management, and aims to re-focus attention on appropriate corporate governance in light of the current global economic financial climate.

“Today was an excellent opportunity for Emaar Industries & Investments to demonstrate the initiatives we’ve undertaken to improve our own governance framework and to share our experiences with companies across the region,' stated Dr Ahmed Khayyat, chief, Emaar.

'Some the Middle East’s leading CEOs are here and there is great scope to create synergies and solutions that will ensure the Middle East can be home to some of the best corporate governance standards in the world,' he added.

EII’s CEO discussed some of the proactive initiatives undertaken by the organisation, including examples on risk management, measurement & accountability and its directives on the board of directors’ interaction and influence on subsidiaries.

“We’ve shown today that we have numerous examples that lead the way in terms of corporate governance and we also look forward to learning more at the forum in order to further develop our own framework,” added Dr Khayyat.-TradeArabia News Service




Tags: management | Emaar Industries and Investments | corporate governance strategy |

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