Starting this year, the Mohammed bin Rashid Al Maktoum (MRM) business awards will have two new segments added to its long list of categories – the MRM Corporate Social Responsibility Award and the MRM Supply Chain and Logistics Award. This was announced by Hamad Buamim, Director-General of Dubai Chamber of Commerce and Industry.
Held annually under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, the MRM business awards are organised by the Dubai Chamber.
The assessment criteria of the awards include management and performance criteria, which takes 70 per cent of the evaluation weight. The management criteria include five elements, which are leadership perspectives, strategic initiatives, quality imperatives, corporate culture and corporate social responsibility. Moreover, the performance criteria include the output that is the actual quantity of products and services produced by the firm, the outcome which reflects the achievements implemented by the establishment, and the impact of the firm through its contribution to the nation and society.
"Committed to expand the scope of the awards in its fourth round, Dubai Chamber added two new categories of corporate social responsibility for the firms judged to be outstanding in implementing CSR initiatives in four key areas of workplace, marketplace, community and environment as this new award will celebrate and share best practice examples of responsible Dubai businesses.
"While the MRM Supply Chain and Logistics Award will honour the best companies in the field for executing efficient and effective forward and reverse flow of storage of goods, services and related information between the point of origin and the point of consumption in order to meet the customers' requirement," said Buamim.
"The inclusion of new categories goes in line with Dubai Chamber's vision and policy that complement the Dubai Strategic Plan 2015 and add value to the already existing categories of manufacturing, finance, re-export and the real estate development awards.
"This brings to seven the categories of MRM business awards, which are gaining popularity with the local business houses as they know the awards are based on the Business High Performance Model," said Buamim.