Dubai Financial Audit Authority Introduces Corporate Governance Manual for Government Entities

Photo : Dubai Government Media Office

In a landmark initiative aimed at establishing a robust governance structure for government entities across Dubai, the Financial Audit Authority has officially launched the 'Corporate Governance Manual for Government Entities in the Emirate of Dubai.' This strategic move represents a significant step towards unifying governance practices and principles, underpinning the emirate's commitment to elevating operational standards and fostering transparency.

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Crafted to serve as a comprehensive guide, the manual is poised to empower government entities in realizing their strategic objectives while enhancing institutional performance. By delineating key governance tenets, it seeks to instill accountability, transparency, and stakeholder protection within governmental operations.

The applicability of the manual extends to all government entities, except those governed by specific legislations endorsed by pertinent authorities, as well as activities pertaining to judicial, military, and civil regulatory domains.

His Excellency Abdulrahman Al Hareb, Director General of the Financial Audit Authority, emphasized the manual's alignment with Dubai Government's overarching vision of perpetually advancing operational efficiency standards. He underscored its pivotal role as a guiding beacon for government entities, furnishing them with indispensable principles and benchmarks to optimize performance outcomes.

Furthermore, His Excellency Al Hareb elucidated on the meticulous development process of the manual, which entailed collaborative engagements with key stakeholders such as the General Secretariat of The Executive Council and the General Secretariat of the Supreme Legislation Committee. Awareness sessions were also conducted to enlighten select government entities about the manual's salient features and implementation modalities.

Highlighting Dubai's unwavering commitment to shaping a prosperous future for its populace, His Excellency underscored the pivotal role of corporate governance in facilitating informed decision-making and driving excellence across governmental realms. With the introduction of this structured governance framework, government entities are poised to navigate their strategic trajectories with enhanced efficacy, thereby contributing substantively to Dubai's sustainable development agenda.

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