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ADCCI centre to advise on best practices in business

The new ADCCI centre will help develop the economy. (MOHAMMED HAKIM)

By Nissar Hoath

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has launched a new corporate centre that provides services ranging from regulatory to advisory to companies and institutions on doing business in the emirate and the UAE.

According to an Abu Dhabi Securities Exchange disclosure, the Abu Dhabi Centre for Corporate Governance has been set up to make an effective contribution to the development of the local economy through the encouragement and support of the public and private sectors to adopt international best practices in applying the rules of governance.

Khalfan Saeed Al Ka'abi, Chairman of the centre, said: "The centre aims to assist public and private sectors to assess the application of regulations and rules of corporate governance in their institutions. It will also help in the provision of specialised consulting services and systems of governance, internal audit, risk assessment and dissemination of research and studies on the governance and provision of vocational training specialised in the area of corporate governance and related areas.

"The centre also provides services for the organisation of conferences and seminars aimed at collective debate to discuss various topics relating to corporate governance in the region. It will help raise awareness among the public and the development of local talent in the area of corporate governance in order to improve the working environment in the Emirate of Abu Dhabi in particular and the UAE in general."

Al Ka'abi said the centre seeks to achieve these goals through the promotion of local talent and providing companies and government institutions with the necessary advisory services.

The centre was inaugurated by Salah Salem bin Omeir Al Shamsi, Chairman of the Federation of Chambers of Commerce and Industry and President of ADCCI.