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ARTICLE · 25 JULY 2024

Corporate Governance Comparative Guide

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Corporate Governance Comparative Guide for the jurisdiction of United Arab Emirates, check out our comparative guides section to compare across multiple countries.

United Arab EmiratesCorporate/Commercial Law
Elsie Habib
Elsie Habib

1. Legal and enforcement framework

1.1 Which legislative and regulatory provisions and codes of practice primarily govern corporate governance in your jurisdiction?

  • The Company Rulebook – issued on 7 February 2023 pursuant to (and as part of) the Virtual Assets and Related Activities Regulations 2023 of the Dubai Virtual Assets Regulatory Authority (VARA') – regulates the corporate governance of virtual asset (VA) activities.
  • The UAE Central Bank's Corporate Governance Regulations and Standards for Insurance Companies, issued on 29 September 2022 through Circular 24/2022, aim to standardise corporate governance practices for insurance companies in the United Arab Emirates.

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