Emaar Properties is set to form a corporate governance advisory council to establish policies, rules and practices to govern the relationship of managers, shareholders, employees, suppliers and customers.
"The increasing diversity, both in terms of the nature of our business as well as its geographical spread, will continue to put pressure on our processes and procedures. The formation of the advisory council is a totally voluntary initiative proactively taken by the board to ensure the sustainability of the integrity and financial stability of our businesses, which underpins shareholders and market confidence," said its chairman Mohammad Ali Al Abbar, who will chair the council.
