Praesidium amongst first private companies in the DIFC to comply with Securities and Investment Institute & Hawkamah Code of Ethics
Wednesday, Jul 02, 2008
Following the signing of the MoU between Hawkamah Institute for Corporate Governance and the Securities and Investment Institute to actively promote and demonstrably improve good corporate governance practices in the UAE, GCC and the MENA region, Praesidium voluntarily agreed to comply with the new Code of Ethics to set an example and support the importance of good governance across the Middle East.
The Hawkamah Institute for Corporate Governance (Hawkamah), the leading centre for corporate governance in the MENA region, today announced that it has signed a Memorandum of Understanding (MoU) with the Securities and Investment Institute (SII), the largest and most widely respected professional body for those who work in the securities and investment industry in the UK, to actively promote and demonstrably improve good corporate governance practices in the UAE, GCC and the MENA region.
As part of the agreement, Hawkamah and the SII will work together to promote financial market integrity through corporate sector and corporate governance reforms and will cooperate to improve the corporate governance practices of private and public sector entities. Emphasis will be given to promoting a culture of ethics, transparency and accountability in the banking and financial industry work place and its professionals.