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In the past decade, the Middle East has seen a significant rise in awareness regarding corporate governance, driven by a rapidly growing economy. While the sophistication of governance laws and frameworks varies across the region, there is a strong emphasis on their implementation.
Corporate governance advisory services are increasingly essential as companies seek to attract more foreign direct investment. With globalization intensifying competition, many businesses in the Middle East are now focusing on enhancing their corporate governance practices, professionalizing their operations to stay competitive in the market.
Corporate governance encompasses the practices, processes, and structures that empower a business to achieve its financial, operational, and strategic objectives while ensuring long-term sustainability and performance.
Companies that adhere to strong governance principles mitigate risks, enhance transparency, and implement effective monitoring practices.
Sound corporate governance not only reflects a company’s ethical standards but also delivers practical advantages, increasing operational efficiency and contributing to a higher valuation of the company’s shares.
A board composed of experienced directors and shareholders is essential. The majority should be independent and not involved in day-to-day management, ensuring diverse and impartial perspectives on governance.
