Monday 15 September 2014

DFSA releases findings of corporate governance review in DIFC | GulfNews.com

DFSA releases findings of corporate governance review in DIFC | GulfNews.com:



"The Dubai Financial Services Authority (DFSA) recently concluded a thematic review of the corporate governance of firms licensed to provide financial services in the Dubai International Financial Centre (DIFC). The review focused on twelve themes fundamental to good corporate governance, including management structures and practices, systems and controls, internal audit and management information flows.



A significant finding of the review, documented in the report, was that firms often did not carry out structured, periodic reviews of their governing bodies and their committees, or their effectiveness. The governing body is generally a company’s board of directors."



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