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Awards

A testimony to our excellence in banking, our list of awards encourages and motivates us to strive harder and serve you better.

We believe that if we win our clients, they’ll win us the awards. Here’s a list of awards we’ve bagged:

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  • ADCB wins the Hawkamah Bank Corporate Governance Award

    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.

  • ADCB Wins the Best Corporate Governance – United Arab Emirates Award 2014 by World Finance

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  • ADCB Wins the Best Corporate Governance – United Arab Emirates Award 2013 by World Finance

    Abu Dhabi Commercial Bank (ADCB) has won the accolade of “Best Corporate Governance, UAE” for 2013, awarded at World Finance Magazine’s, 2013 Corporate Governance Awards.  The award is in recognition of ADCB’s achievements in corporate governance and is an affirmation of the Bank’s commitment to upholding the highest standards of transparency and accountability. 

     

    World Finance, a globally recognized magazine specialized in finance and business, opened voting to its readership of over one hundred twenty thousand financial services specialists, many of whom nominated ADCB as one of the companies they saw deserving of the honour.  ADCB was considered to excel in corporate governance practices, and to have moved beyond the legal and regulatory requirements imposed in the jurisdiction in which it operates. The World Finance Award Selection Panel then subjected the selected organizations to deeper scrutiny, using a set of criteria including “overview of governance structure, committees and their quorum, boardroom composition & independence, shareholder rights, risk management procedures, disclosure and transparency and remuneration” to determine the eventual winner of the corporate governance award.

     

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  • ADCB Wins Hawkamah Bank Corporate Governance Award 2012

    Abu Dhabi, 19 June 2012: Abu Dhabi Commercial Bank (ADCB) has won the Hawkamah Bank Corporate Governance Award 2012. The Award was presented by Dr. Nasser Saidi, Executive Director of Hawkamah, at the Banker Middle East Industry Awards on 12 June 2012 held at the Emirates Towers in Dubai.

    The award, presented on behalf of the Hawkamah Institute for Corporate Governance, aims to recognize, support and encourage superior governance practices in the Banking sector in the Middle East and North Africa (MENA) region.

    The award was open to all Arab Banks in the Middle East, North Africa and South Asia and showcases banks that excel in corporate governance practices, and have moved beyond the legal and regulatory requirements imposed by their respective jurisdictions.

    The award process consisted of an initial questionnaire application process which assessed corporate governance practices against five focus areas; commitment to good corporate governance, structure and functioning of the board of directors, control environment and processes, disclosure and transparency and shareholders rights.

    The judging panel, which consisted of independent international corporate governance experts, then conducted an initial review of all questionnaire applications creating a short-list of the top ten regional banks. Senior management from the ten shortlisted banks were invited to attend one-to-one interviews with the judging panel and from these interviews the winner was selected.

    Simon Copleston, General Counsel & Board Secretary at ADCB, commented:

    “Receiving the Hawkamah Bank Corporate Governance Award 2012 is an honor for ADCB and we are delighted to have been again as a regional leader in governance . Whilst we are proud to establish, as well as challenge, the benchmark for standards in our industry, we are also committed to working with our clients, peers and partners to improve governance standards generally across the region. Whilst good governance processes are important , it is not possible to achieve high levels of governance without leadership and commitment from the Chairman, the Chief Executive, the Board, and the senior management, all of whom made this award possible .”

  • World Finance Award (February 2010)

    ADCB's corporate governance is best in UAE

    Abu Dhabi, 28 March 2010: In February 2010, the World Finance Awards recognized ADCB's corporate governance as the best of any company in the UAE. This award follows ADCB's receipt, in November 2009, of an award from Hawkamah, the regional corporate governance institute, which classed ADCB's governance as the best of any bank in UAE.

    World Finance is a leading financial publication, based in the UK. The Award recognizes ADCB's excellence in corporate governance. Winners from other jurisdictions include many well-known and globally respected companies such as Vodafone, Roche and Phillips.

    The Bank's CEO, Mr. Ala'a Eraiqat commented "The Bank is very pleased to have received this award. We remain committed to leading the UAE, and setting an example in, governance practices. In particular, the Bank has maintained transparency during a period when it has mattered the most. Good governance remains essential to protect stakeholders' investments, and raise investor trust and confidence. We will continue to do all we can to ensure investors and stakeholders fully understand the Bank to which they commit capital."

    Mr. Eraiqat recognized the continued support for governance initiatives received from the Bank's Chairman, Board of Directors and the Board’s Corporate Governance Committee. The Board Corporate Governance Committee was established in 2007 to oversee the development and implementation of corporate governance best practices in the Bank.

    The Bank’s General Counsel & Board Secretary, Mr. Simon Copleston explained the many steps taken by ADCB towards achieving excellence in governance: “In November 2007 the Bank appointed IFC (a division of World Bank) to help build a 3 year ‘road-map’ to achieve excellent governance. The Bank has followed that ‘road map’ and exceeded it. The many improvements taken by the Bank during that period have included: Reorganization of Board practices and committees, establishment of the Board Corporate Governance Committee, reorganization of management committees, Board evaluations, improvements to the Bank’s articles of association, improved AGA disclosures and practices, and enhanced disclosures in the Bank’s annual report. During 2010 the Bank also expects to launch a scheme aimed at evaluating governance standards in borrowers in more detail. These actions have resulted in recognition for the Bank’s governance practices from World Finance, Hawkamah, IFC, World Bank, and others. It has also enabled the Bank to achieve other ‘firsts’ for UAE banking institutions, such as its recent bond issue into the US capital markets.’

  • Hawkamah - UAE 2009 Bank Corporate Governance Award (November 2009)

    ADCB's corporate governance recognized as best in UAE

    Abu Dhabi, 11 November 2009: At an awards ceremony held in Dubai on 9 November, organized by Hawkamah, the regional corporate governance institute, ADCB received an award recognizing its excellence in corporate governance. ADCB received the top award given to any UAE bank, and was second across the entire GCC.

    The Bank's CEO, Mr. Ala'a Eraiqat commented "In the aftermath of the credit crisis, there is a great deal of focus on bank corporate governance. It is unquestionable that good governance is essential to ensure prudent risk management and sustainability of profits, and to raise investor trust and confidence. The Bank has been, and will continue to be, completely transparent about its positive and negative attributes and will continue to lead the market in keeping investors informed about material issues."
    This achievement follows the Bank's recent launch of a global bond offering, the first by a bank in UAE.

    The Bank's General Counsel & Board Secretary, Mr. Simon Copleston, recognized the important support for governance initiatives received from the Bank's major shareholders, Chairman, Board and senior management. He added that the award recognized "only the start" of the Bank's ongoing efforts to achieve continued excellence in governance. In particular, he noted that "the Bank will continue to focus on key principles, including integrity, honesty, transparency, and accountability".

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