Dr Nasser Saidi talks about corporate governance being critical because it brings a level of confidence to investors and improves company performance.
There has been a push in the UAE to further advance and promote the adoption of best corporate governance practice. Regulators and government authorities have become more aware of governance. There are now codes and standards and laws. Stock exchanges have become more aware of the importance of corporate governance.
We are just at the beginning of a longer road. What is important now is applying the codes and laws making sure that companies and their officers comply. There also needs to be an improvement in transparency and disclosure.
International evidence is that corporate governance improves company performance.