GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

Roundtable examines potential long-term business risks posed by lack of integrity practices

Abu Dhabi-UAE: 28 November, 2017:  The Pearl Initiative, the leading Gulf business-led not-for-profit organisation promoting a corporate culture of accountability and transparency as a key driver of competitiveness, co-hosted a roundtable with global integrity and compliance risk firm, Red Flag Group, to explore the role integrity plays in the business decision-making process. Senior executives from international, regional and local UAE-based organisations convened to discuss the practical application and advantages of adopting corporate integrity practices across industries in the UAE and the wider GCC region. 

Speakers including Casper Bekker, General Manager MEA Region, Red Flag Group, Nadeem Anwar, Regional Compliance Head, at Siemens Middle East, and Carla Koffel, Executive Director, Pearl Initiative, headlined the roundtable. The event presented a theoretical case study through which attendees examined the potential risks an organisation may be exposed to in the absence of an integrity framework.

In her opening remarks, Carla Koffel, highlighted the need for compliance and integrity practices, and the impact an effective integrity framework has while establishing new business relationships.

She said: “Raising awareness on the importance of good corporate governance and integrity practices amongst companies in the region is a key step in developing a more transparent and sustainable business environment. With this goal in mind, the Pearl Initiative hosts interactive sessions with private and public firms, highlighting the business case for transparency and accountability in the long-term interest of organisations. Through our collaboration with the Red Flag Group, we have moved significantly closer to realising our objective of establishing a strong awareness for business integrity across the GCC region.”

For his part, Casper Bekker, General Manager MEA Region, Red Flag Group, said: “As a leading compliance and risk firm, we are committed to promoting business integrity and constantly endeavour to improve the efficiency of our clients' compliance programmes. Through our association with the Pearl Initiative, we were able to successfully facilitate an interactive session with seasoned compliance professionals and had a chance to walk-through a real-life case study to determine the potential challenges clients can face while entering or re-entering a new market.” 

The roundtable was conducted as part of the Pearl Initiative's three-year collective action project that seeks to encourage the adoption of integrity practices across the GCC region. Funded by the Siemens Integrity Initiative, the programme includes the development of an integrity indicator tool, a voluntary framework to measure performance in relation to international benchmarks in integrity and regional best practices. The initiative also seeks to start conversations with future business leaders and motivate them to appreciate the value of strong anti-corruption and transparency measures within businesses.



Posted by : GoDubai Editorial Team
Viewed 11078 times
Posted on : Tuesday, November 28, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Abu Dhabi National Takaful Co. PSC named ‘Takaful Company of the Year' at 4th Middle East Insurance ...
Next Story : Abu Dhabi Ship Building Recognized for Excellence in Business Operations and Corporate Social Respon...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Express Your Signature Style
The Memovox Adventure
Cerruti 1881 Infinite Love
OMEGA's second "Speedy Tuesday" sells in 01:53.17
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
Olivia Burton Watercolour Florals
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Beat the heat with mini dresses
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreemen...
DKNY Fall 2018
Oh, Sweetie Lipcolour!
Tissot T-Race Cycling An adrenaline-fuelled ride
Travel Light with Beauty Essentials from Glambeaute.com
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Bie...
Enjoy an all-day breakfast at Sophie's Café
Dubai Camel Racing Club Honours Al Tayer Motors
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2...
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Go Down Memory Lane with Fashion Trends from the '90s
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Enjoy DSS 2018 Offers at Parah
Outstanding Guide programme launched by Sharjah Museums Authority
Launch of PINAR Water - Turkey
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
Summer Love by Mouawad
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Cromia Offers Amazing Discounts during DSS
2XL launches luxurious Louna sofa set in velvet
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
Tommy Hilfiger Dressed Up Collections
New hope for patients as world's first and only approved therapy to treat two ty...
Mobile Fiesta at Jumbo Electronics this DSS 2018
DS Podium Chronograph - Sporty as ever, now with PrecidriveTM
HP Collaborates with Abu Dhabi's Danat Al Emarat Hospital to Re-invent Patients'...
Huawei's New Range of Artificial Intelligent Smartphones Set to Change Your Self...
Finnair launches off-airport baggage collection and check-in service in London w...
Ferrari's turbo-charged V8 is voted the best engine of the last 20 years
Experts urge residents to recognize early signs of Heart Disease
Take your mobile gaming to the next level
Martin on a Mission as He Claims Sixth Spot for UAE Team Emirates in Stage Five ...
A new time machine – Time Machine 3 (TM3) by Florian Schlumpf, now available at ...
PCFC and GDRFA helped 511 employees tie the knot over last 7 years
dnata celebrates 25 years of international growth
Confidence in Follower Counts
Gulf region's automation industry on track for double digit growth
Al-Futtaim and PVR signs a Memorandum of Understanding to establish a Joint Ve...