UAE’s FAB & GCC BDI unite to uphold corporate governance’s best practices

GCC Board Directors Institute (GCC BDI), the region’s leading non-profit organization for corporate governance and board effectiveness, has entered into a partnership with the UAE’s largest bank First Abu Dhabi Bank (FAB) to support best practices in corporate governance.

According to the statement, “GCC BDI thus joins the ranks of Saudi Aramco, Sabic, Allen & Overy, Heidrick and Struggles, McKinsey & Company and PwC.”

As a GCC BDI Strategic Partner, FAB has nominated Mr. Pradeep Rana, Group Chief Risk Officer, to participate in GCC BDI’s Board of Governors meetings.

Further, it will be actively involved in shaping GCC BDI’s strategy and mission across the region to enhance board member capabilities, create an influential network of board members, and disseminate high-quality corporate governance knowledge.

“As the UAE’s largest bank, we are honored to become a Strategic Partner of GCC BDI and to support its objectives to raise the region’s economic competitiveness by upholding sound corporate governance and ethical business practices. This partnership is a testament to FAB’s commitment to a corporate governance framework that combines strong leadership, accountability, transparency with a culture of integrity.”

Commenting on the partnership, Ms. Jane Valls, Executive Director at GCC BDI said, “This strategic partnership with First Abu Dhabi Bank aligns with GCC BDI’s objectives to strengthen corporate governance in the GCC region through capacity building, advocacy, and promotion of sound governance practices.”

“Focusing on these areas will help regional companies create long-term value and embed governance into their organizational structure and strategy,” Ms. Valls further added.

In November, FAB partnered with the Global Manufacturing and Industrialization Summit (GMIS) to explore the latest trends and opportunities to improve access to finance for small and medium enterprises (SMEs).

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