Dubai’s Financial Audit Authority announced the launch of the ‘Corporate Governance Manual for Government Entities in the Emirate of Dubai’, which aims to establish a comprehensive governance framework for government entities. The manual seeks to unify governance concepts and principles, and support government entities in achieving their strategic goals. Moreover, it aims to bolster institutional performance, foster transparency, ensure accountability and protect stakeholders’ rights.
The Financial Audit Authority also revealed that the manual is applicable to all government entities except the ones governed by legislations approved by relevant authorities and activities related to judicial, military and civil regulatory matters.
Raising operational efficiency and performance
Commenting on the launch of the manual, Abdulrahman Al Hareb, director-general of the Financial Audit Authority, stated that the manual falls in line with Dubai’s vision to raise operational efficiency. Hence, it serves as an essential guide to key principles and standards for enhancing government performance in Dubai. Therefore, it seeks to boost efficiency, effectiveness, and transparency in Dubai government entities, significantly improving their performance and achieving their goals.
“Our approach involved collaborative discussions with the General Secretariat of the Executive Council and the General Secretariat of the Supreme Legislation Committee. We also held awareness sessions on the manual with select government entities,” added Al Hareb.
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As Dubai works on creating a better future for all, corporate governance emerges as a fundamental pillar to enhance decision-making and raise the efficiency of government entities.
With the launch of the corporate governance manual, government entities will have a systematic framework for sound governance that supports strategic goals and contributes significantly to Dubai’s sustainable development.
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