Wednesday, 2 February 2011

DP World and NBAD high on new S&P index - The National

The ports operator DP World and National Bank of Abu Dhabi ranked among the top companies in Standard & Poor's new pan-Arab index that aims to boost transparency and corporate governance across the markets.

The S&P-Hawkamah Pan Arab ESG Index ranks the Middle East's top 50 companies using a set of environmental, social and corporate governance standards. It is a joint venture between the ratings agency and Hawkamah, an institute for enhancing corporate governance in the region.

"We're raising the bar as far as [financial and governance] reporting is concerned and putting these issues on the corporate agenda," said Dr Nasser Saidi, the executive director of Hawkamah.

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