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Decision No. (32/R) of 2007 concerning on Corporate Governance Code for Joint-Stock Companies and Institutional Discipline Criteria

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Summary

The Code applies to all the joint-stock Companies established in the UAE, the companies listed in the Market and the Board of Directors of such companies. It requires companies to issue a Governance Report, which is described as an annual report of Corporate Governance practices signed by the Chairman of the Board of Directors and submitted to the Authority on annual basis (Article 14). A Governance Report Form is included in the document to guide disclosure. It provides for reporting on compliance with the governance principles, as well as other matters such as composition of the Board, executive remuneration and activities of the Audit Committee.

Thumbnail image for The Code applies to all the joint-stock Companies established in the UAE, the companies listed in the Market and the Board of Directors of such companies. It requires companies to issue a Governance Report, which is described as an annual report of Corporate Governance practices signed by the Chairman of the Board of Directors and submitted to the Authority on annual basis (Article 14). A Governance Report Form is included in the document to guide disclosure. It provides for reporting on compliance with the governance principles, as well as other matters such as composition of the Board, executive remuneration and activities of the Audit Committee.
Issuer

United Arab Emirates

Year

2007

Region

Middle East

Issuer (type)

Securities and Commodities Authority Regulations (Financial Regulator)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
Restrictiveness

Low

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality

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