DEWA’s governance excellence has secured its global leadership

By Rahul Vaimal, Associate Editor
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Dubai Electricity and Water Authority’s (DEWA) excellent governance has created a model for organizations around the world to move along with the global changes and achieve the international standards as well as supporting sustainability.

DEWA has relied on a comprehensive plan for governance and compliance by bringing changes that could affect the water and energy sectors locally and globally. The plans benefit from opportunities in this adaptation to strengthen DEWA’s position as a global leader.

DEWA follows World Bank guidelines, the Organization for Economic Co-operation and Development (OECD) guidelines on corporate governance for state-owned enterprises and other international standards, giving it the leader in the utility industry. This has enhanced DEWA’s efficiency and productivity to achieve the best global results.

Saeed Mohammed Al Tayer, MD and CEO of DEWA, underscored the authority’s commitment in implementing the best international practices and standards, in line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, who highlighted the need for exercising excellent governance.

DEWA has won two significant awards at the Global Good Governance Awards 2020, organized annually by Cambridge IFA in the UK and the 3G Leadership Award 2020 (Government Sector), while Saeed Mohammed Al Tayer won the 3G Personality of the Year 2020 (Good Governance & Sustainability).

In 2019, DEWA won the Global Good Governance Excellence and Best Corporate Governance Reporting Award, becoming the only organization in the world to win these awards.

DEWA also secured the British Governance Standard (BSi 13500) Certification, to become the first organization in the GCC region to receive this award, for the third consecutive year.

The authority also won the Corporate Governance Award 2018 presented by World Finance, London, becoming the only organization from the UAE to achieve this recognition.

DEWA adopts World Bank guidelines and best practices for electricity and water providers worldwide, which helped the UAE to maintain its first global ranking for the third consecutive year in Getting Electricity as per the World Bank’s Doing Business Report 2020.