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IIFA Utsavam 2024: Stars gather for South Indian cinema's biggest night in Abu Dhabi; as it happened
The awards show in Abu Dhabi celebrates all things South Indian cinema
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Training Centre Aims for Transparency Boost in Financial Markets
DUBAI - Around 200 chartered secretaries will be trained up in Dubai over the next two years in a bid to promote greater transparency in the financial market.
A training body will be established in Dubai by the Institute of Chartered Secretaries and Administrators (ISCA) for companies listed on
Dubai’s stock market.
Roger Dickinson, CEO of the ICSA said that chartered secretaries help ensure transparency by ensuring that a company runs within
certain parameters.
“Investors around the world feel more confident in dealing with a company that has a chartered secretary,” he said. “Our members are trained to ensure the company runs within the highest standards for corporate governance and there is a high
degree of transparency.
“The financial crisis is exposing a wave of fraudulent activities in companies and it is in this climate that we feel we can be heard.”
The ISCA, a not-for-profit organisation, has been in operation since 1891 and has established offices around the world to train company secretaries to be chartered secretaries.
The organisation has already established an ICSA Gulf Forum and is in the process of arranging a tie up with an educational body in the UAE to establish training.
Dickinson did not say whether any details have been formalised but said that over the last few days in his visit to Dubai, he has entered talks with the DIFC Centre for Excellence and the Knowledge and Human Development Authority (KHDA).
Once a body is fully established, Dickinson said that he hopes 200-300 chartered secretaries will be trained up over the next two to three years.
“Dubai stock market is extremely well run and has a lot of potential for the future,” he said.
“There are currently 120 listed companies and more companies are becoming listed all the time. As the market grows we believe there will be a greater need for chartered secretaries.”
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