DEWA Wins Golden Peacock Global Award 2016 for Excellence in Corporate Governance
London, United Kingdom: Dubai Electricity and Water Authority (DEWA) has won the Golden Peacock Global Award 2016, for Excellence in Corporate Governance. Noora Mahfouth Alshehhi, Manager of Agreement Evaluation Audits at DEWA, got the award on behalf of HE Saeed Mohammed Al Tayer, MD & Chief Executive Officer of DEWA, during the 16th Global Convention on Corporate Governance & Sustainability and Global Business Meet. The occasion was held in London, with captains of industry from worldwide participating. The award includes in DEWA's growing checklist of international achievements.
"Winning the Golden Peacock Global Award 2016 for Excellence in Business Governance reflects our recurring initiatives to accomplish the instructions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, along with the UAE Vision 2021 and the Dubai Strategy 2021, making Dubai the recommended place to live, work, and browse through. DEWA sustains the government of Dubai's vision to promote transparency within government divisions, enhance accountability, and boost government performance to further fuel the development of the UAE," stated Al Tayer.
"In adherence with the government's policies and regulations to improve Dubai's placement as a global center for trade, financing, and tourist, to become the smartest city on the planet, DEWA performs a periodic evaluation of its corporate governance system to ensure its efficiency. Because 2008, DEWA has actually used a modern and advanced administration system. DEWA is the initial federal government utility in Dubai to adopt a modern and advanced administration system to guarantee stability, openness and liability according to world-class criteria of governance. The initial authorities work guide for the system was put into effect under the supervision of DEWA's board of directors and senior administration, enabling it to much better manage potential obstacles," included Al Tayer.
"His Highness when observed that, "We eagerly anticipate excellence as an obstacle rather than an achievement. Success is exactly what we achieve for future of our people; while the march of excellence proceeds and does not quit at any kind of limitations or boundaries." For us in DEWA, excellence is a daily work programme applied inning accordance with details and well-thought-out approaches and plans performed by all personnel, to accomplish the vision of our smart management and the happiness of our customers and society in its entirety. This will certainly add to making Dubai leading around the world, and affectively attain lasting development in the UAE," continued Al Tayer.
Al Tayer kept in mind that DEWA's Corporate Administration System standards attributes systems to keep track of and oversee its efficiency, to attach it to DEWA's Strategic Strategy 2021, which is lined up to the Dubai Strategy 2021. It showcases efficiency and managerial systems, information on good citizenship, policies on social and ecological duties, a file-maintenance policy, and details on how you can apply these policies in one of the most efficient way.
The modern governance system is based on transparency, stability, justice, control and accountability. DEWA makes certain that these are upheld by using ISO-compliant procedures that are closely-supervised by the Inner Audit department, federal government auditors, and a corporate outside audit carried out by a popular international specialist. The internal audit report shows DEWA has actually effectively used its governance system given that it started.
In April 2015, DEWA obtained the Institute of Directors in India (IOD) Distinguished Fellowship Awards 2015, among its highest honors. DEWA obtained the award at the Golden Peacock Awards Ceremony. The IOD Distinguished Fellowship Award exists to participants every year, to honour their distinguished service as supervisors to society or business.
