Abu Dhabi, 24 November 2014: Abu Dhabi Commercial Bank (ADCB) today announced it was declared the winner of the Hawkamah Bank Corporate Governance Award for 2014. The award, launched in 2007 by Hawkamah, the Institute for Corporate Governance, recognises banks that continually excel in Corporate Governance practices, beyond legal and regulatory requirements.
This award recognises ADCB’s superior governance practices in the banking sector. ADCB won the award over counterparts from across the Middle East and North Africa (MENA) region. The winners were selected by a rigorous interview and judging process. A panel of independent judges, consisting of leading global governance experts, selected ADCB for the second time in three years.
Simon Copleston, General Counsel & Board Secretary at ADCB said: “ADCB is proud to win this prestigious award. The award highlights our commitment to governance across all levels of the Bank, from the chairman, board members, and executive management to our entire staff. It reaffirms our position as a regional leader in governance”.
Hawkamah's mission is to promote corporate sector reform and good governance, and assist the MENA region in developing and implementing sustainable corporate governance strategies. ADCB demonstrated its leading position to the award judges through its commitment to good corporate governance as well as, amongst other things, its effective and engaged Board of Directors, its adherence to best practices in disclosure and transparency, its consideration of shareholders rights, and its risk and remuneration governance.