The move is in continuation of Dubai Holding’s efforts to further strengthen corporate governance at its entities. Dubai Holding’s Corporate Governance model constitutes of three independent non-executive directors and two executive directors. The Board will be responsible for defining the investment philosophy, setting long-term business strategy and overseeing implementation; ensuring adequacy of internal controls and strategic risk management.
Ahmad Bin Byat, Chief Executive Officer of Dubai Holding, said, “Strengthened corporate governance forms a key pillar of Dubai Holding’s strategic guidelines. In accordance with international best practices, Dubai Holding is pleased to announce the appointment of a strong and experienced board for TECOM. We are confident that with such solid governance framework, TECOM will continue to further build on its success.”
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