Corporate Governance

At Dubai Holding we are committed to best corporate governance practice. We have the highest ethical standards and act with transparency, integrity and professionalism. Our aim is to act as a benchmark for the UAE in corporate governance.

Our corporate governance structure:

  • Ensures all results are reported reliably, accurately and transparently
  • Complies fully with local and international laws, rules and regulations
  • Adheres to the policies and procedures for all Dubai Holding processes

 

Dubai Holding Executive Committee

The Senior Executive Board operates under the direction of HE Mohammad AlGergawi. It is responsible for Dubai Holding’s overall business strategy, overseeing our operations and supervising the management of our subsidiaries. It applies appropriate controls and ensures that our subsidiaries’ objectives are aligned with Dubai Holding group strategies. 

Dubai Holding Audit Committee

The Audit Committee assists our subsidiaries’ boards with their internal control, financial reporting and compliance responsibilities. It devises and approves annual risk-based audit plans, audits Dubai Holding’s financial and operations procedures and controls, and reviews our compliance with IFRS. The committee advises the Executive Committee on risk, internal audit controls and corporate governance and reports directly to the Chairman to ensure independence and maximise transparency.

Dubai Holding Investment Committee

This committee approves all investments and ensures a balance between risks and returns. It assesses our internal controls, ensuring objectivity, independence and cost-effectiveness, and recommending appropriate improvements. The committee comprises the Executive Committee members plus the Chief Financial Officer and Treasurer.

Individual Boards of Directors

As of 2007, Jumeirah Group, TECOM Investments, Dubai Group, Dubai Properties Group, Tatweer, Sama Dubai and Dubai International Capital each has its own board of directors, including non-executive members. The independent directors will increase the diversity of views and backgrounds for more rounded decision-making, and ensure that all decision making is independent from company operations.

Each company also has a number of management committees, covering Management and Strategy, Investment (where applicable), Audit & Risk Management and Human Capital.

Group Internal Audit & Risk Management

Group Internal Audit works with dynamic risk-based audits from risk assessments of each company. Each subsidiary has an internal audit department, complementing the efforts of Group Internal Audit and giving total transparency and effective checks and balances.


Group Risk Management further strengthens the governance culture surrounding risk and risk awareness, both at the group level and within our individual subsidiaries.

Code of Conduct

Our directors and employees adhere to our Code of Conduct, which covers general business principles, compliance, privacy and confidentiality. The Code is distributed to all employees of Dubai Holding companies. We have a 24/7 service called Trustline to identify and investigate possible contraventions.