ADCCG Organizes Seminar for Family Owned Organizations

More than 50 companies recently participated in the Abu Dhabi Center for Corporate Governance (ADCCG) seminar on the topic of "Governance, Risk & Control for Family Owned Organizations."

Grant Thornton assisted in the seminar which focused on the need for governance programs in family owned companies.

His Excellency Mohammed Helal Al-Muhairi, Director General of the Abu Dhabi Chamber of Commerce and Industry made a point that companies operating in the UAE were pioneers in adopting and implementing the concepts of governance. Al-Muhairi added that governance has helped create better business environments in the UAE which has seen an influx of regional and international companies.

“While adhering to the laws and regulations represents a key aspect of governance, but the opportunities are available for Board of Directors to benefit from these matters on a wide scale which ensures the spreading of the culture of honesty and work ethics and supporting them on the level of shareholders as well as working to found a culture that provides a rich and wide range of ides that brings commercial business experiences with exchanged discussion," Mohamad Nassar, Partner and Operational Advisory at Grant Thornton, said .

In addition to Nassar, Anurag Chaturvedi, Director and IT Advisory at Grant Thornton, gave a presentation on corporate governance and planning company resources.