DEWA (Dubai Electricity and Water Authority) has received three Global Good Governance (3G) Awards. These awards are given out annually by Cambridge IFA in the United Kingdom, and major international companies compete for them.
DEWA received the awards in the categories of ‘Leadership in Good Governance,’ ‘Excellence in Compliance and Conformance Activities,’ and ‘Commitment and Promotion of Good Governance Activities’ following a thorough auditing process conducted by the Cambridge IFA to ensure DEWA’s compliance with the highest international standards.
On behalf of HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, Waleed Bin Salman, Executive Vice President of Business Development and Excellence and Ali Mohammed Khalifa Almuwaijei, Vice President of Governance and Compliance at DEWA, received the awards during the Global Good Governance Summit 2022. The Summit was held at Conrad Dubai hotel under the theme ‘Good Governance and Sustainable Development.’ It was attended by many governance leaders and professionals from around the world.
HE Al Tayer expressed his happiness that DEWA has won these prestigious awards in governance. He emphasised that DEWA conducts benchmarking on a regular basis to ensure implementing the best governance practices within a comprehensive system of integrated corporate work that covers all activities and operations. This increases efficiency and productivity as well as encourages creativity and innovation.
“At DEWA, we work in line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to implement the highest standards of good governance in government work. DEWA has a world-class governance system and a record of good governance across all its operations. Implementing effective governance practices has contributed to DEWA achieving globally competitive results. Its practices have become a benchmark for numerous organisations around the world,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.
Al Tayer reaffirmed DEWA’s commitment to the best effective governance practices within an integrated framework, as well as regularly reviewing all activities and operations to keep up with rapid developments and improving DEWA’s agility and resilience to deal with change. He stated that DEWA’s
governance framework has been registered with the Ministry of Economy in the UAE and has intellectual property rights since 2021. It is a global governance model that includes guidelines for improving governance principles, reducing risks, and focusing on the relationship between the Board of Directors and the Executive Management. The framework is built on four pillars: trust, accountability, transparency, and fairness.
“These awards reflect our efforts in corporate governance and confirm our commitment to global best practices to take our services to the highest levels of efficiency and reliability, to achieve our vision of becoming a globally leading sustainable innovative corporation,” said Waleed Bin Salman, Executive Vice President of Business Development & Excellence at DEWA.
DEWA participated in three panel discussions at the Global Good Governance Summit 2022: ‘Governance, Sustainable Development, and Empowerment,’ ‘Business as a Driving Force for Good: Mobilizing Actions for Inclusive Societies,’ and ‘Sustainability Leadership.’
DEWA received two Global Good Governance Awards from Cambridge IFA in 2020. DEWA received the 3G Leadership Award (Government Sector), and HE Saeed Mohammed Al Tayer received the 3G Personality of the Year 2020. (Good Governance & Sustainability). DEWA was also the recipient of two awards in 2019: the Global Good Governance Excellence in Corporate Governance Award and the Global Good Governance Best Corporate Governance Reporting Award.
The Global Good Governance Awards recognize good governance and commitment in three areas: government institutions, the social sector, and charitable work. The awards encourage good governance and social well-being by recognizing the efforts of individuals, governments, businesses, and non-governmental organizations in implementing sound governance principles. The awards also recognize governments, businesses, and non-governmental organizations (NGOs) for implementing innovative practices, programs, and projects that promote good governance, transparency, and social responsibility.
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