#Abu dhabi Company Liquidation procedures
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elevateaccounting · 9 months ago
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Smooth Company Liquidation in Abu Dhabi with Elevate Auditing.
Navigating the liquidation process in Abu Dhabi can be complex, but Elevate Auditing simplifies it for you. With our extensive experience and knowledge of local regulations, we ensure a smooth transition. We specialize in Company Liquidation Services in Abu Dhabi, handling all legal and procedural aspects to wind down your business efficiently. Trust us to make the process seamless and stress-free.
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jeanjane · 2 months ago
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Why Company Liquidation Services Provide a Structured Exit Strategy for Abu Dhabi Businesses
Company liquidation can be a complex and stressful process for business owners. However, when handled properly, it offers a structured and systematic approach to winding down operations while mitigating risks. In Abu Dhabi, the demand for Company Liquidation Services is growing as more businesses seek professional assistance to ensure compliance with local laws and regulations. This article delves into why company liquidation services provide a structured exit strategy for businesses, especially in the context of Abu Dhabi.
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Understanding Company Liquidation
What is Company Liquidation?
Company liquidation refers to the process of closing down a business, selling off its assets, and using the proceeds to pay off debts. It is generally pursued when a company is insolvent or unable to continue its operations due to financial difficulties or other business-related reasons. There are two main types of liquidation:
Voluntary Liquidation: Initiated by the company's shareholders when they realize that the company can no longer operate profitably.
Compulsory Liquidation: Ordered by a court when the company is unable to pay its debts, following a petition by creditors.
Why Choose Liquidation?
While liquidation may seem like a negative outcome, it is often the most practical option for struggling businesses. It provides a legal and structured means of ending operations while ensuring that debts are settled in an organized manner. For businesses in Abu Dhabi, Company Liquidation Services provide essential support throughout the process, from asset appraisal to settling financial obligations.
The Role of Company Liquidation Services in Abu Dhabi
What are Company Liquidation Services?
Company liquidation services are professional services provided by experts specializing in business closure procedures. These services are particularly important in regions like Abu Dhabi, where local laws and regulations require strict adherence during liquidation. Company Liquidation Services in Abu Dhabi typically include:
Asset evaluation and sale
Settlement of outstanding debts
Coordination with regulatory authorities
Financial reporting and compliance
Legal advice on shareholder and creditor rights
Why Abu Dhabi Businesses Need Professional Liquidation Services
Businesses in Abu Dhabi operate in a competitive and dynamic market. When faced with liquidation, they must navigate complex financial, legal, and regulatory challenges. By hiring Accounting and Auditing Firms in UAE that specialize in liquidation, businesses can ensure that every step is managed with precision. This prevents legal complications and ensures that the business's remaining value is maximized.
The Benefits of a Structured Exit Strategy
A structured exit strategy offers businesses in Abu Dhabi multiple advantages during the liquidation process. Some of these benefits include:
1. Legal Compliance
One of the primary benefits of using company liquidation services is the assurance that the entire process will be legally compliant. Audit Services in UAE play a crucial role in ensuring that financial records are properly maintained and reported, avoiding potential legal repercussions during liquidation. Compliance with local laws is essential for protecting shareholders, employees, and creditors.
2. Debt Settlement
In a liquidation, settling debts in an orderly manner is of utmost importance. Company Liquidation Services in Abu Dhabi work with creditors and banks to negotiate terms, ensuring that the business's outstanding obligations are resolved. Without expert guidance, businesses may face legal actions from creditors, which can complicate the liquidation process.
3. Asset Distribution and Sale
A key part of liquidation is the sale of assets. Professionals offering liquidation services provide accurate asset appraisals and ensure the best possible return from the sale. This maximizes the value of the company’s assets and helps to pay off debts efficiently.
4. Protecting Stakeholders' Interests
During liquidation, it is essential to balance the interests of different stakeholders, including shareholders, creditors, and employees. A structured approach ensures that these parties are treated fairly, and all financial and legal obligations are met.
5. Mitigating Financial Losses
Without a well-organized exit strategy, businesses may incur significant financial losses during liquidation. Engaging professional Audit Services in UAE ensures that all financial aspects of the company are reviewed, helping to minimize losses and preserve as much value as possible.
The Importance of Accounting and Auditing Firms in Liquidation
Ensuring Financial Transparency
Accounting and Auditing Firms in UAE play a vital role in ensuring that businesses undergoing liquidation maintain transparency in their financial dealings. Auditors verify the accuracy of financial records, which is crucial for the fair and lawful settlement of debts. They also ensure that any irregularities or discrepancies in financial records are identified and resolved before the liquidation process concludes.
Compliance with Local Regulations
Abu Dhabi has stringent regulations when it comes to business closures. An auditing firm ensures that all financial reports are prepared in accordance with local laws, which helps in gaining approval from government authorities for the liquidation. Failing to comply with these regulations can lead to fines, delays, or even legal challenges.
Assessing and Managing Risk
One of the critical responsibilities of an accounting and auditing firm is assessing potential risks during liquidation. These risks may involve pending lawsuits, creditor disputes, or challenges in asset sales. A well-experienced auditing firm mitigates these risks by providing sound financial advice and facilitating negotiations between the business and other parties involved in the liquidation.
How Audit Services Facilitate a Smooth Liquidation Process
Asset Valuation and Management
A major part of the liquidation process is assessing the company’s assets. Audit Services in UAE provide thorough evaluations of both tangible and intangible assets, ensuring that their true value is reflected in the liquidation process. This transparency helps creditors receive a fair share of the proceeds from the sale of these assets.
Winding Down Operations
A structured approach to winding down operations involves paying off debts, managing employee severance packages, and dealing with remaining contractual obligations. Professional Company Liquidation Services in Abu Dhabi handle these details efficiently, ensuring that nothing is left unresolved.
Coordinating with Authorities
Liquidating a company in Abu Dhabi requires approval from various government entities. Accounting and auditing firms ensure that all necessary documents are filed, and the process is completed without delays. This involves submitting financial reports, notifying creditors, and coordinating with tax authorities.
Conclusion
Liquidating a company is never an easy decision, but when handled correctly, it can provide a structured and legally compliant exit strategy for businesses. In Abu Dhabi, professional Company Liquidation Services are essential for ensuring that all legal, financial, and operational aspects of the liquidation process are addressed effectively. With the support of experienced Accounting and Auditing Firms in UAE, businesses can navigate this challenging phase smoothly, ensuring the best possible outcome for stakeholders.
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menhaliauditing · 2 years ago
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What are some common challenges auditors face when conducting an audit, and how can they be overcome?
Auditing is an essential component of corporate governance and financial reporting. Audit Companies in Abu Dhabi / Audit firms in Dubai and other emirates play a critical role in assuring that a company's financial statements are accurate, reliable, and comply with relevant accounting standards and regulations. However, conducting an audit can be a complex and challenging process. Now, what are some common challenges auditors face when performing an audit, and how can they be overcome?
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Access to Information - Auditors often needs help accessing the information they need to conduct an audit. Companies may be reluctant to share sensitive information or be scattered across multiple departments or systems. To overcome this challenge, auditors can establish clear lines of communication with the company's management team and work collaboratively to identify and access the necessary information.
Time Constraints - Auditors often work against tight deadlines, especially during peak audit season. This can make it challenging to complete the audit thoroughly and efficiently. To overcome this challenge, auditors can develop a detailed audit plan and schedule that outlines the necessary tasks and timelines. They can also prioritize tasks based on their level of risk and focus on critical areas first.
Lack of Resources - Auditors may need more resources, such as limited staffing or budget, making it challenging to conduct a comprehensive audit. To overcome this challenge, auditors can leverage technology to automate specific audit procedures, such as data analysis and testing. They can also collaborate with other departments or teams within the firm to leverage their expertise and resources.
Complex Accounting Standards and Regulations- Accounting standards and regulations can be complex and constantly evolving, making it challenging for auditors to stay current and ensure compliance. To overcome this challenge, auditors can invest in ongoing professional development and training to keep current with relevant accounting standards and regulations. They can also work closely with the company's management team to understand their accounting policies and practices and ensure they comply with applicable standards and regulations.
Communication Challenges- Effective communication is essential to conducting a successful audit. However, auditors may need help with communication challenges, such as language barriers or complex technical concepts that are difficult to explain. To overcome this challenge, auditors can work closely with the company's management team to establish clear lines of communication and ensure they understand the audit process and the reasons behind each request. They can also use visual aids like charts and diagrams to help explain complex technical concepts.
Audit and Assurance Services in Dubai can be complex and challenging, but by understanding and addressing these common challenges, auditors can conduct a thorough and effective audit that assures stakeholders. By establishing clear lines of communication, leveraging technology, investing in ongoing professional development, and prioritizing critical tasks, auditors can overcome these challenges and deliver high-quality audit services to their clients.
If you are looking for Internal auditors in Dubai, Auditing Services in Dubai,  Audit and Assurance Services in Abu Dhabi or looking for Audit firms in Dubai,  Audit Companies in Abu Dhabi, contact M&M Al Menhali Auditing.
OTHER SERVICES INCLUDE:
Tax Consultancy (VAT / Corporate Tax / ESR / UBO / CbCR / Tax Residency / ICV Certification)
Auditing and Assurance (External audit / Internal audit / Special purpose audit / IFRS advisory / Liquidation of companies)
Accounting and Bookkeeping (Bookkeeping & Accounting/ Outsourcing / Supervision / CFO Services)
Compliance and Anti-Money Laundering
Feasibility Study and Management Consultancy (Company formation / Business valuation & Due diligence)
Business Restructuring and Systems & IT Review
CREDENTIALS:
Affiliated to mgiworldwide / DMCC registered auditors / JAFZA registered auditors / DAFZA registered auditors / DIFC registered auditors (non-regulated) / DSO registered auditors / DWC approved auditors / DDA (formerly DCCA) approved auditors / HFZA approved auditors / SAIF approved auditors / Approved auditors of mainland companies / Approved auditors of all major banks / Offshore agents for JAFZA & RAKICC / Approved Tenant Sales Auditors of Emaar Malls PJSC/Channel partners for company formation in IFZA, Meydan Freezone, DUQE Free Zone, SAIF zone and others.
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youssryauditing · 6 years ago
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Financial Audit Procedure For a Small Organization | Audit Firms in Dubai
Audit Procedures Needed For Small Organization
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Smaller organisations have always played a pivotal role in the financial stability and economic well-being of any nation and United Arab Emirates is one such country that encourages the growth of smaller to medium organisations.
So if there is an entrepreneur  in you and you are about to start your startup in Dubai ,there is one thing that you should not neglect ever ; and it’s  financial audit.
It’s very necessary to do financial audit in a careful way  and we are here with information about the factors You should take care.
1.Validating your  Company Documents
Every financial auditor scrutinise  in to the in-depth details of the company  documents.The income and outcome of the company will be evaluated including each minute cost that has been spent. Every financial record will be checked and as the auditor analyses the accuracy of the company documents   through this process it indeed gives him/her an idea of the company status.  
2.Computation of company Assets
The auditor audits the assets and possessions owned by the organisation and it’s mandatory that each company prepare an inventory list mentioning their available assets.Its the duty of the auditor to compare the list  to the actual physical possessions that the company owns and it should be noted that the price and age of the assets has to be mentioned in the list.
3.Reviewing  Minutes of Meetings
In order to get a precise idea of the business the auditor cross checks and reviews every meeting that has been conducted by the company.And for this ,it is very important  that the company keeps the records of the time in minutes spent on each meeting.
4.Precise  Accounting Records
Financial audit process occurs through the careful examination of the  accounts books data.Each transaction will be checked by the auditor and it’s mandatory that the business owner record the income and expenses data clearly and maintain an error free and systematic accounts book.
5.Observation of employees
The auditor gets an idea of the organisation by closely checking the activities accomplished by its employees.for a better and smooth audit process the business owner should check if the company staffs are working according to their capacities or not. This also helps for the economic growth of the business.
So if  you ever need any help related to financial auditing reach out to us as we are one of the best audit firms in Dubai.
Don’t pause ..make your auditing process  simpler and fearless through us!!
Also Read: Is Your Business Vulnerable To Risks? You Require Forensic Auditing. Learn Why
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Points Of Interest Of Responsive Web Design
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There are numerous responsive web design benefits. It can decidedly affect your SEO, transformation rates, client experience, and numerous different parts of your business that add to your development. Here are the 12 most significant responsive web design highlights and advantages. 
1. Improved User Experience 
A responsive website prompts a superior client experience. A central point demonstrating the nature of client experience is the time they spend on your site. On the off chance that they think that its difficult to explore or utilize on the grounds that they're compelled to continually squeeze and zoom, they won't remain on your website. 
Be that as it may, on the off chance that your website scales and reacts to the adjustment in screen size, at that point guests won't have issues getting to menus, connections, fastens or rounding out structures. Thus, their client experience will be better and they'll invest more energy on your site. 
Improved client experience and site ease of use would then be able to prompt more verbal referrals and new clients for your business. 
2. An Increase in Mobile Traffic 
Measurements show that in the last quarter of 2017, almost 52% of all worldwide web traffic started from cell phones. That represents the greater part of all Internet traffic and demonstrates that you can't stand to forego responsive web design. Start by researching the number of your guests originate from cell phones and the time they spend on your site. At that point, actualize responsive design and think about the two numbers. When your website adjusts to the viewport width, you'll notice an expansion in versatile visits and longer time nearby by those equivalent guests. 
3. Quicker Website Development 
In the relatively recent past, a typical practice included creation a different versatile rendition of your site that was served when a littler screen size was identified. Notwithstanding, building up a portable adaptation of your webpage occupies additional time than building up a responsive website that looks incredible and functions as expected regardless of which gadget your guests are utilizing. Another disadvantage of a versatile website form is the way that they cost more in light of the fact that your designer needs to make two websites rather than one. 
4. Simpler Maintenance 
Legitimately attached forthright above is simpler website upkeep. With two variants of your website, your staff or your advancement group needs to partition time and assets on overseeing two websites. With a responsive website, your staff can invest less energy on support undertakings and spotlight on more significant assignments, for example, promoting, A/B testing, client care, item or substance improvement, and that's only the tip of the iceberg. 
5. No Duplicate Content Penalty 
Another highlight remember with two renditions of your website is the way that you're basically making copy content. While web indexes are getting more brilliant continuously, they actually need to comprehend which website variant is more significant. In case you're utilizing a versatile form of your site, your substance continues as before regardless of whether the URL is unique. 
This can make the two variants of your website have lower web crawler rank since web indexes won't realize which substance is important. In the event that you need the two renditions of your site to rank well, you would need to make two separate SEO procedures and crusades and put essentially more cash in delivering unique and one of a kind substance for both work area and versatile form of your site. 
Since having two separate SEO systems requires an excessive amount of time and cash, most website proprietors resort to utilizing a sanctioned tag on their portable website that focuses to the work area adaptation. Therefore, most separate versatile websites aren't positioned in web crawlers by any means. 
With a responsive website, the entirety of the cerebral pains above can be effectively dodged. In the event that you had any questions about responsive web design significance, this should help ease them. 
6. Less complex Website Analytics 
At the point when you have two unmistakable renditions of your website, you have to monitor two arrangement of website examination so you know where your guests are coming from and how they interface with your substance. This implies you have to monitor different information exchange and thank you pages, change focuses, channels, and that's only the tip of the iceberg. 
With a responsive webpage, then again, your website details are enormously streamlined as you're keeping steady over a solitary arrangement of information. You can at present get knowledge into which gadgets and programs your guests are utilizing, where they drop off, and how long they spend on your site, however you won't have to peruse information from different reports to get a precise picture. 
7. Better Website Loading Times 
Websites that are responsive will in general load quicker on all gadgets, however particularly on cell phones and tablets. On account of responsive pictures and liquid networks, it takes altogether less effort for a page to stack, which directly affects the term of your client's visit. As per research, 53% of portable guests will relinquish a site if pages take longer than three seconds to stack. A similar exploration shows that websites that heap quick profit by additional time spent nearby just as improved transformation rates. This says a lot about responsive web design significance. 
8. Lower Bounce Rates 
Skip rate means the level of guests to a specific website who explore away from the webpage subsequent to seeing a solitary page as it were. As we've referenced over, a responsive website implies guests will remain on your webpage longer which lessens your skip rate. Guests will be more disposed to navigate and peruse different pages on your site and investigate all that you must offer. 
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9. Higher Conversion Rates 
Additional time on your site and lower skip rate are acceptable initial steps to improving your guest's client experience and building trust. That improved client experience and trust lead to better transformation rates, regardless of whether change implies pursuing your pamphlet, making a buy or booking a call. Consider for a second that normal cell phone transformation rates are up by 64% contrasted with work area and it's anything but difficult to perceive any reason why a responsive website is an unquestionable requirement. 
10. Better SEO 
Another of the upsides of responsive web design is improved web crawler rank. As of April 2015, Google thinks about the responsiveness of your website as one of the signs that decide the position of your website in the internet searcher results page. On the off chance that your website isn't responsive, the web crawler monster will put it lower on the outcomes page while it will appear higher on the off chance that it finishes the versatile agreeable assessment. 
11. More Social Sharing 
At the point when done effectively, responsive web design can prompt an expansion in social offers for your substance. This is another of the responsive web design benefits. Responsive substance matched with responsive online media catches make it simple to share connects to your webpage's pages even on littler screens. This can help increment your validity and open you to another crowd, which at that point prompts more traffic and more changes. Simultaneously, social signs can likewise affect your web crawler rank in a roundabout way since web indexes will see the expanded commitment and search request. 
12. Better Backlinks 
At long last, it merits referencing that a responsive website can help you with regards to building backlinks. Backlinks assume a significant part in any SEO technique since they show web crawlers that different websites think about your webpage as a legitimate wellspring of data. In the event that your webpage isn't responsive, different websites will be less disposed to connect to you. All things considered, connecting to a website that doesn't give great client experience makes them look awful also.
For more references: 
email hosting services abu dhabi | seo abu dhabi | web design abu dhabi | web development companies in abu dhabi | cloud hosting abu dhabi | office 365 email hosting 
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tech-blog987 · 2 years ago
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REDOMICILIATION TO UAE — Hallmark Auditors
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Redomiciliation is a procedure via way of means of which a agency actions its Domicile or area of incorporation from one jurisdiction to any other. The entity can hold the identical prison identity, and its records and the procedure won`t have an effect on its assets, obligations, and liabilities.
Redomiciliation is likewise stated as `company migration`, `switch of domicile`, or `switch of incorporation`.
Re-domiciliation facilitates organisations take gain of the greater favorable tax legal guidelines at their new vicinity and advantage from advanced get entry to to professional monetary and capital markets.
* The agency actions to the brand new jurisdiction, while not having to go through the liquidation procedure withinside the older jurisdiction.
* It can be challenge to the legal guidelines of the brand new jurisdiction.
* Redomiciliation is likewise stated as `company migration`, `switch of domicile`, or `switch of incorporation`.
Companies are capable of maintain their sports and administer global commercial enterprise affairs in different international locations at the same time as being registered withinside the UAE. The UAE is open to offshore businesses, which own all of the required licenses for his or her sports.
KEY BENEFITS OF REDOMICILING IN THE UAE
* Tax Savings
* 100% Foreign Ownership and 100% Repatriation
* UAE is a “` white listed” jurisdiction with Financial Action Task Force (FATF) and Organization for Economic Co-operation and Development (OECD)
* Stable banking and organization AML/CFT measures
* World Class Infrastructure and Strategic Geographical Location
Following are the few jurisdictions withinside the UAE which permit Re Domiciliation
* Dubai Multi Commodities Centre (DMCC)
* Jabel Ali Free Zone Authority (JAFZA)
* Ras Al Khaimah International Corporate Center (RAKICC)
* Dubai International Financial Centre (DIFC)
* Abu Dhabi Global Markets (ADGM)
* Dubai Creative Clusters Authority (DCCA)
* Ajman Free Zone
What is Necessary to Do to Migrate
The procedure of migration to any other u . s . a . includes 2 parts:
The outgoing jurisdiction
All documentation ought to be organized properly. That method that each one the monetary reviews are had to be submitted along side first rate annual returns and so on. However, monetary reviews are required handiest in a few jurisdictions.
The outgoing agency can not be a celebration in any cutting-edge prison procedure.
A certificates of accurate status and certificates of incumbency ought to be filed.
The incoming jurisdiction
It is likewise prison for an remote places agency to maintain its exercise withinside the UAE if it’s miles allowed via way of means of the prison framework of jurisdiction it’s miles subordinated to. The agency ought to offer all of the essential files including reviews, licenses, confirmations, certifications, amendments to the memorandum, and resolutions. A provisional `Certificate of Continuation` is issued via way of means of the nearby authorities, which lets in the agency to maintain its operation below its very own phrases and conditions.
After getting a provisional certificates, the agency has three months to post a report certificating that it isn’t always subjected to the legal guidelines of the preceding jurisdiction. Then it obtains UAE the very last certificates of continuation. The length of its validation begins offevolved from the date said withinside the provisional Certificate of Continuation.
Being an professional in putting in businesses in UAE and supporting Free Zone and Offshore businesses in shifting the Domicile to UAE jurisdictions, we are able to be thrilled to help you.
For any Corporate Services Assistance, hook up with us.
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rbsauditing · 2 years ago
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Why does a Company in The UAE require Consulting Services?
Dubai may look like a good place to conduct business. But creating a business needs a business strategy. It might be challenging to comprehend, study, and articulate the legal ramifications of the market circumstances. The numerous legal divisions and judicial organizations of the nation impose additional restrictions on starting a business in Dubai. The best course of action is to hire Business Consultancy Services Dubai and Abu Dhabi.
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Reasons you need a business consultant in Dubai- 1. Decide the right business activity: Every company in the United Arab Emirates is categorized based on economic development and activities. The categorization outlines the reach and authorizations necessary for the firm. 2. Selecting the jurisdiction for business: When registering your company in Dubai, a business setup specialist can provide you advice on the jurisdiction or location to choose. 3. Formulating business plan: It would be prudent to become familiar with the procedures, workings, and laws of the UAE market before beginning your firm. Therefore, seeking advice and assistance might be beneficial. 4. Deciding business structure: In Dubai and the rest of the UAE, various legally mandated business formations exist. Before beginning the Dubai company registration procedure, businesses must choose a company structure. A business setup expert will provide you advice on the best company structure for your industry. 5. Dealing with the department of economic development: A business setup consultant is someone familiar with Dubai’s regulatory bodies. To conduct any kind of business, all licenses and licenses must be obtained from the department of economic development. 6. Documentation and paperwork: The MOA must respect the shareholders’ interests. Experts in company formation in Dubai can assist you in creating a functional memorandum of association. The consultant will also help you with the paperwork and documents to make sure you are entering a secure business endeavor. 7. Cost-effective business setup: To receive quick permission from the department of economic development, use a consultant firm in Dubai. It not only becomes simple but also efficient in terms of time and money. Additionally, because they are less likely to make mistakes or apply for unnecessary things, the prices of renting an office, warehouse, or factory and obtaining the authorities’ attestation and accreditation of the firm contracts are much more affordable. With the help of this business setup expert, you can investigate and select an appropriate business module, have a clear understanding of your company’s mission and goals, strategize about your daily operations and consider neighboring business prospects, among other things. Please rush to call RBS auditing if you want to get their business consulting services. With complete business solutions that make business setup quick and simple, our business setup experts in Dubai assist entrepreneurs in launching a firm in this commercial metropolis. In addition to this, we also provide services like VAT consultation, UAE free zone company liquidation, accounting, auditing, business formation, business finance, and Excise Tax Registration and Return Filing.
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stalawfirm1-blog · 7 years ago
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Liquidation of Limited Liability Companies
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STA is a full-service law firm which provides both corporate and litigation legal advice. Contact us today to speak to our experts. STA law firm|Dubai |sharjah|UAE
STA Law Firm | Lawyers in Dubai | Top Law Firms in Abu Dhabi | UAE's insight:
Liquidation of Limited Liability Companies- STA Law Firm
  http://bit.ly/liquidation-of-limited-liability-companies-sta-law-firm
  Exchanging one’s organization is not an easy choice to make. In any case, once the choice to exchange one’s organization has been taken, those accountable for those organizations are qualified for comprehending the procedure through which their advantages can be sold, to the best and productive degree conceivable. Liquidation of Limited Liability Companies (LLCs) in the UAE is directed by Federal Law Number 2 of 2015 (Companies Law). At the point when a LLC can’t pay its responsibilities, it must end the operations and sell its advantages to make its duty. 
  Continue reading...
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jsmeeth62 · 4 years ago
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Liquidators in Dubai | Company Liquidation Process in UAE
The company liquidation process in UAE is the selling of the assets of a company in order to settle its debts. If your business requires the services of Liquidators in Dubai, Sharjah, Abu Dhabi, or anywhere in UAE, you can visit www.yellowpages.ae for your requirement. At the portal, you will find experienced liquidators in Dubai and from other segments of UAE enlisted. These will be able to provide you complete assistance with the solvency of the company for the payment of debts and you can rely upon them for all the procedures involved in the company liquidation process in UAE.
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https://www.yellowpages.ae/subcategory/Accounts-&-Finance/Company-Liquidation-&-Winding-Up/601e355c6f95e66e00427685
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go-gloriousheart · 4 years ago
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Drinking More Cold Water Burns a Few More Calories
You will see recommendation from nearly each supply which you have to make sure you're ingesting sufficient water while looking to lose weight. Substituting simple water for sugar-containing drinks is one manner to reduce energy. Some research say water, mainly bloodless water, has extra weight reduction consequences in decreasing the energy you consume and assisting you burn fats 
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Cold Water and Burning Calories
 One principle is that your frame should burn energy to convey bloodless water or room temperature water as much as frame temperature. This warmth introduction procedure is known as thermogenesis. A small look at from 2003 claimed ingesting water might also additionally assist you burn some extra energy every day.1 The look at authors calculated that humans burn 50 energy in keeping with 1.five liters of water. 
This might be approximately 17 energy in keeping with water bottle (0.five liters), the equal of four M&M candies. The authors expected that a 3rd of the energy burned after ingesting are because of thermogenesis (five to six energy in keeping with water bottle). A follow-up look at disputed the effect of thermogenesis. Researchers located no distinction in energy burned at relaxation as opposed to energy burned after ingesting room temperature water. Participants did burn extra energy after ingesting bloodless water (37 stages F), round 15 energy in keeping with water bottle,
 which become a whole lot decrease than expected for the temperature distinction. Both research cautioned that the range of energy burned after ingesting water is handiest partly motivated through temperature. Most of the electricity expenditure appears to return back from the frame running to stability fluid, salt, and sucrose stages after the inflow of more water. With all matters being equal, in case you decide upon bloodless water, pass in advance and relax it. 
Few humans discover room temperature water as palatable, and you can drink much less of it. The maximum latest American College of Sports Medicine hints on hydration advise that athletes and those engaged in exercising drink cooled water, as they'll need to drink extra of it. 
How Much Water You Need Each Day
 How a whole lot water you have to drink every day, no matter dieting, is a not unusualplace question. Apart from the water you get in meals, scientific references say ladies have to drink among eleven and 12 cups of drinks every day (2.7 liters) and guys have to drink among 15 and sixteen cups (3.7 liters) of drinks. With exercising, you have to fill up the water you lose via sweat 
Why Should You Drink More Water When Dieting?
 Many eating regimen plans suggest you to drink extra water while you need to lose weight. Drinking extra water would not simply "flush fats" as is once in a while claimed, however there are weight reduction-associated motives to drink water. 
Drinking a massive glass of water each time you experience hungry and earlier than a meal or snack fills the belly in brief and makes you experience fuller and possibly forestall consuming sooner. Research has once in a while located ingesting water to lessen the energy humans consume in the course of a meal, however effects rely upon the context. 
Breaking down frame fats and muscle in the course of weight reduction produces wastes that should be removed via the kidneys. Drinking sufficient water is crucial to preserve the kidneys functioning to put off those wastes. 
Popular excessive-protein diets produce extra waste merchandise from digestion further to breaking down saved fats. Kidney feature is even extra crucial while on a excessive-protein eating regimen.
If you are ingesting simple water, you're much less possibly to be ingesting some thing with energy in it. What you drink is usually a massive supply of energy. The key's to update the ones energy with meals this is excessive in vitamins 
Dangers of Drinking Too Much Water 
Don't begin ingesting an additional gallon of water an afternoon. That can kill you—mainly in case you are fasting or consuming very little. Water taken in should be in stability with frame salt—electrolytes. The frame wishes to preserve salt stability or chance hyponatremia, that could bring about a coronary heart assault or even death. 
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Drinking an excessive amount of water has resulted withinside the deaths of wholesome athletes. Drinking sports activities liquids in the course of staying power exercising is supposed to fill up salt misplaced in sweat. Dieters have to now no longer plunge into ingesting gallons of water an afternoon in hopes of burning some extra energy. Drinking an additional few glasses is fine, however a gallon is an excessive amount of. 
Drinking and Exercise
Exercise which includes strolling reasons your coronary heart price and respiratory price to rise, and also you lose frame water via expanded breathing and sweat. According to the American Academy of Family Physicians, you have to drink a tumbler of water half-hour earlier than a workout, then drink approximately a cup of water each 20 mins in the course of exercising. When you end exercising, drink a tumbler of water inside half-hour.
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elevateaccounting · 9 months ago
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Smooth Company Liquidation in Abu Dhabi with Elevate Auditing.
Navigating the liquidation process in Abu Dhabi can be complex, but Elevate Auditing simplifies it for you. With our extensive experience and knowledge of local regulations, we ensure a smooth transition. We specialize in Company Liquidation Services in Abu Dhabi, handling all legal and procedural aspects to wind down your business efficiently. Trust us to make the process seamless and stress-free.
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jeanjane · 3 months ago
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The Legal Implications of Company Liquidation in Abu Dhabi
Company liquidation in Abu Dhabi is a legal process through which a company’s assets are sold off, liabilities are settled, and the business ceases to operate. This process is often a result of financial instability, insolvency, or a decision to dissolve the company voluntarily. Understanding the legal framework surrounding company liquidation is essential for business owners, shareholders, and creditors to navigate the complexities involved in this process. This article explores the legal implications of company liquidation in Abu Dhabi, focusing on the role of auditing, legal requirements, and professional services available.
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What is Company Liquidation?
Company liquidation is a legal procedure that involves the dissolution of a business entity. It typically occurs in two forms:
Voluntary Liquidation: This occurs when the shareholders or directors of a company decide to wind up the company voluntarily, often due to business failure or the business reaching its natural conclusion.
Involuntary Liquidation: This happens when a company is forced into liquidation by the courts due to insolvency or when the company fails to meet its financial obligations. In this case, creditors may initiate the liquidation process.
In both cases, the goal is to settle the company’s affairs by selling assets, settling debts, and distributing any remaining funds to shareholders. Once the liquidation process is complete, the company is legally dissolved and ceases to exist.
Legal Requirements for Company Liquidation in Abu Dhabi
Liquidation in Abu Dhabi is governed by the UAE Commercial Companies Law and other relevant regulations. Companies must comply with these laws when undergoing liquidation, and the process can be complex, requiring strict adherence to legal and regulatory requirements. Here are the essential legal steps:
1. Appointment of a Liquidator
A key legal step in the liquidation process is the appointment of a liquidator. The liquidator’s role is to oversee the entire liquidation process, ensuring that it is conducted in accordance with the law. The liquidator is typically an external party with expertise in handling liquidation matters. In some cases, the shareholders may appoint a liquidator, while in other cases, the court may assign one if the liquidation is involuntary.
The liquidator is responsible for:
Identifying and selling the company’s assets
Paying off creditors
Filing necessary legal documents
Ensuring compliance with the UAE Commercial Companies Law
2. Creditor Claims and Settlement of Debts
One of the most critical aspects of company liquidation is settling the company’s debts. Creditors are entitled to make claims for amounts owed to them by the liquidated company. The liquidator is responsible for verifying these claims and distributing the available funds accordingly. Creditors are ranked in priority, with secured creditors receiving payment first, followed by unsecured creditors.
In some cases, disputes may arise regarding the amount owed, and legal action may be necessary. It is advisable for companies undergoing liquidation to consult accounting and auditing firms in UAE to ensure transparency in the financial records and help resolve any discrepancies.
3. Asset Distribution and Final Settlement
After settling creditor claims, the remaining assets (if any) are distributed among shareholders. However, if the company’s debts exceed its assets, the shareholders may not receive any funds. It is essential to note that shareholders' personal assets are not typically at risk unless they have provided personal guarantees for the company's debts.
The final step in the liquidation process involves filing the necessary documents with the relevant authorities to formally dissolve the company. Once this is done, the company ceases to exist under UAE law.
Legal Implications for Directors and Shareholders
1. Director Liability
During liquidation, company directors must ensure that they comply with legal and regulatory requirements. In cases of voluntary liquidation, directors are responsible for overseeing the process and ensuring that all legal obligations are met. Failure to do so can result in legal consequences, such as personal liability for the company’s debts or potential criminal charges if fraud is suspected.
In some instances, directors may be held liable for the company’s debts if they were found to have been negligent in their duties or acted in bad faith during the liquidation process. Directors should seek professional advice from external auditing services in Abu Dhabi to ensure they are fulfilling their legal responsibilities correctly.
2. Shareholder Protections
Shareholders have the right to receive a distribution of the company’s assets after the debts have been settled. However, in cases where the company is insolvent and does not have enough assets to cover its liabilities, shareholders may lose their investments. Shareholders must also comply with the liquidation process and cooperate with the appointed liquidator.
In certain cases, shareholders may be held personally liable for the company's debts, particularly if they have provided personal guarantees or engaged in fraudulent activities.
The Role of Audit Services in UAE
The liquidation process involves reviewing and verifying the company’s financial records to ensure the fair and transparent distribution of assets. Audit services in UAE play a vital role in this process by providing an independent assessment of the company’s financial situation. Professional auditors can help the company identify potential liabilities, assess the value of assets, and ensure compliance with tax and regulatory requirements.
Hiring a reputable accounting and auditing firm in UAE during liquidation can significantly reduce the risk of errors and fraud. Auditors also help companies avoid disputes with creditors by ensuring that financial records are accurate and up-to-date. This step is crucial for protecting both the company’s reputation and the interests of its stakeholders.
Company Liquidation Services in Abu Dhabi
Several firms in Abu Dhabi offer company liquidation services, providing assistance to businesses throughout the liquidation process. These services typically include:
Legal Advice: Expert legal counsel on the liquidation process, ensuring that all steps comply with UAE laws.
Financial Assessment: A thorough review of the company’s financial records to identify assets and liabilities.
Tax Compliance: Ensuring that all tax obligations are met before final dissolution.
Debt Settlement: Helping businesses negotiate with creditors and settle outstanding debts.
Asset Distribution: Facilitating the fair distribution of remaining assets among shareholders.
Engaging a company liquidation service in Abu Dhabi is essential for ensuring that the process runs smoothly and that all legal requirements are met. These services provide guidance on managing the complexities of liquidation and can help avoid common pitfalls.
Conclusion
Company liquidation in Abu Dhabi is a complex legal process that requires careful attention to regulatory requirements and proper handling of financial matters. Understanding the legal implications is crucial for company directors, shareholders, and creditors to protect their interests and ensure the smooth dissolution of the company. Consulting with audit services in UAE and accounting and auditing firms in UAE can help ensure transparency and compliance during liquidation. Additionally, professional company liquidation services in Abu Dhabi provide valuable assistance in managing the legal, financial, and operational aspects of the process, ensuring that the company is properly dissolved in accordance with UAE law.
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dailykhaleej · 5 years ago
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UAE banking sector better prepared to withstand COVID-19 impact
A futuristic Emirates NBD department in Dubai. Monetary establishments that leverage expertise and information to ship could also be in a better place to drive enterprise progress and overcome disruption attributable to the worldwide COVID-19 pandemic, in accordance to KPMG’s newest UAE Banking Views report. Picture Credit score: DailyKhaleej Archives
Dubai: Monetary establishments that leverage expertise and information to ship could also be in a better place to drive enterprise progress and overcome disruption attributable to the worldwide COVID-19 pandemic, in accordance to KPMG’s UAE Banking Views report.
In accordance to KPMG examine the UAE banks can have to intently study their enterprise continuity plans, in gentle of the present Covid-19 risk.
“Banks and other financial institutions are faced with tough times ahead, but technology can help mitigate negative effects for customers and business,” stated Abbas Basrai, Companion and Head of Monetary Companies, KPMG Decrease Gulf.
“Banks that effectively leverage their digital assets, bolster cyber resilience and manage third-party risks will likely reap the benefits of increased revenue streams, regulatory compliance and enhanced operational efficiency.”
Stimulus assist
The Central Financial institution of the UAE (CBUAE) has been proactive in rolling out stimulus packages and has introduced a complete Dh256 billion ‘Targeted Economic Support Scheme’ to comprise the repercussions of the pandemic.
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Banks and different monetary establishments are confronted with robust occasions forward, however expertise might help mitigate detrimental results for purchasers and enterprise.
– Abbas Basrai, Companion and Head of Monetary Companies, KPMG Decrease Gulf
The CBUAE is permitting banks to free-up their regulatory capital buffers to increase lending capability and assist the UAE financial system; all banks working within the UAE can have entry to loans and advances prolonged at zero price in opposition to collateral by the CBUAE.
All banks will likely be allowed to faucet right into a most of 60 per cent of their capital conservation buffer, and people designated as systemically essential will likely be ready to use 100 per cent of their extra capital buffer for issues of systemic significance.
The CBUAE can also be lowering the quantity of capital banks have to maintain for his or her loans to SMEs by 15 to 25 per cent. This transformation, which is broadly in step with the minimal requirements set by the Basel Committee, will facilitate additional entry of SMEs to financing, and the CBUAE may even revise the prevailing restrict which units the utmost publicity that banks can have to the actual property sector. Banks will likely be allowed to improve it to 30 per cent, however will then be required to maintain extra capital.
“Major banks in the UAE have been proactive in providing financial relief to customers, in line with the CBUAE’s Dh256 billion economic stimulus package,” stated Emilio Pera, Companion, Head of Audit KPMG Decrease Gulf.
Authorities assist
The Dubai and Abu Dhabi governments are additionally being proactive in rolling out stimulus packages with the intention of optimizing prices and supporting companies.
The packages embrace a variety of initiatives geared toward lowering the price of doing enterprise and simplifying enterprise procedures, particularly within the industrial, retail, exterior commerce, tourism, and power sectors.
Digital future
The KPMG report confirmed that banks are more and more exploring the idea of ‘banking the ecosystem’, which is an interconnected set of companies, the place clients can fulfill a wide range of wants in a single built-in expertise. This integration of companies might characterize the cornerstone of digital banking within the years to come, making a differentiated expertise that may enhance buyer satisfaction, improve loyalty and generate extra income streams.
In accordance to KPMG examine, the banking trade within the nation the quickly evolving buyer expectations and rising regulatory scrutiny are placing stress on UAE banks to modernize each side of their operations. Many are structuring their companies in new and thrilling methods and are recognizing buyer expertise as a supply of economic worth quite than as a differentiator versus their competitors.
The report additionally noticed a wholesome pattern of accelerating banking profitability over the previous three years, with whole progress of 13.9 per cent in internet revenue among the many prime ten UAE banks in 2019. The first cause seems to be stronger non-interest revenue efficiency and sure one-off occasions, with revenues flowing in from price revenue and decrease credit score provisioning.
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A comparability of key indicators corresponding to loans to deposit ratio (LDR), capital adequacy ratio (CAR) and liquidity ratios of prime 10 UAE banks. Picture Credit score: KPMG
“The CBUAE has been very supportive of the financial services sector in light of the disruption caused by the pandemic. “But the banking sector may have to rely on a combination of external support and internal resilience-building to emerge unscathed,” stated Basrai.
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techsciresearch · 5 years ago
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UAE Soap Market to Grow at a substantial CAGR until 2025
Increasing population and rising disposable income to drive UAE soap market
According to TechSci Research report, “UAE Soap Market By Form (Liquid, Solid), By Distribution Channel (Store based, Non-store based), By Application (Kitchen, Laundry, Personal, Novelty, Perfumed, Beauty Soaps, Medicated and Others), By Region, Forecast & Opportunities, 2025”, market for soaps in UAE is expected to witness a substantial growth during the forecast period due to increase in population, thereby, increasing the demand for soaps in the country. There has been a globl product development which has made it easier to wash piles of clothes in one washing machine. Convenience always attracts customers, thus, almost every household as of now has a washing machine to make the procedure of doing laundry less cumbersome. Increased use of washing machines has led to the growth of detergent market, thereby fueling overall UAE soap market.
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Furthermore, there has been an evident rise in consumer awareness regarding protection from various viruses, bacteria, and diseases, for instance, Corona virus in the present day. Washing hands for sanitation is extremely crucial in order to protect oneself from such diseases. Besides, companies like Johnson & Johnson (J&J) produce special baby-care soaps as babies need special care of their skin. Thus, soaps play a vital role in the healthcare sector as well, which is enhancing the share of soap market of UAE.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " UAE Soaps Market"
https://www.techsciresearch.com/report/uae-soap-market/4625.html
Hand-crafted soaps have also come into existence and have grown popular among the consumers. There is a presence of soap manufacturing companies in UAE which produce hand-crafted soaps in cities like Dubai, Sharjah, Ajman, Abu Dhabi, etc. For instance, the Camel Soap Factory, in Dubai, produces about 10000 kgs of soap every month and is one of the highly renowned soap companies of UAE. The company produces hand-made, chemical-free and sustainable soaps and tries to make the best out of waste by generating as less waste as possible. They are also environment friendly as the percentage of plastic used by the company in soap production is quite less.
UAE soap market can be segmented based on form, distribution channel, application and region. Form segment is further bifurcated into solid and liquid soaps.  Solid soaps are expected to hold the largest market share as they are evidently cheaper than the liquid soaps. Additionally, they also provide customers with a wider range of variety, which has made solid soaps dominate liquid soaps in the UAE soap market. Based on distribution channel, market can be segment into store based and non-store based channels. It seems more convenient to people to buy soaps from a nearby store as soaps are used on a daily basis rather than buying it online and waiting for days for its delivery, contributing to the share of store based segment in the UAE soaps market.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4625
Customers can also request for 10% free customization on this report.
Key Players :
Detergent Industrial & Trading Co. Ltd., Ditra Sitra, Al Aslaf Detergents Trading, Ptal International FZC, Horsens International FZC, JP International FZCO, Fayfa Adhesives, Makkavi Soaps Trading, Emami International FZE, Modern Detergents Ind (LLC), etc. are some of the leading players of UAE soap market. Customer satisfaction is         the basic motive of these companies to fulfil owing to which they adopt numerous organic strategies like increasing the companies’ total production along with launching new products. Besides, there exists a fierce inter-company competition in the soap market of UAE. To sustain themselves in the long-run, companies tend to opt for many inorganic strategies too, like acquisitions, mergers, collaborations, joint ventures, etc.
“UAE soap market is anticipated to witness significant growth during the next five years as the utility of soaps is increasing in various end use applications. Medicated and herbal soaps are available in the market, which are meant to provide better care than normal soaps to oily, dry, sensitive or diseased skin. Precision soaps have also been introduced to curb unique skin problems, which has prominently contributed to the market growth in the country.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Soap Market By Form (Liquid, Solid), By Distribution Channel (Store based, Non-store based), By Application (Kitchen, Laundry, Personal, Novelty, Perfumed, Beauty Soaps, Medicated and Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of UAE soap market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in UAE soap market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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daniel882646-blog · 5 years ago
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PVC Flooring dubai Supply and Installation in Dubai and Abu Dhabi, Provide An Amazing Look To Your Office And Home
Guidance To Buy PVC Flooring
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tadawulacademy · 6 years ago
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CISI Training: Corporate Governance and Its Interpretation
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CISI Training: Corporate Governance and Its Interpretation
Relevant to the following CISI qualifications: ICWIM, ICAWM, Risk in Financial Services DEFINITION Corporate governance is the system by which organizations are directed and controlled. The defects of poor corporate governance have recently been very visible in financial institutions around the world. Since the endorsement of Sarbanes–Oxley, companies have set up audit committees, added financial experts to their boards, improved financial whistle-blowing capacity, and enhanced corporate transparency in financial statements and shareholder disclosures. However, are there any benefits from all of these requirements and best practices, and do they pay any dividends? For good corporate governance to work, open and honest communication is necessary, with transparent policies and practices, clear lines of authority, and strong internal controls and audit functions, backed by a board that can act with clear independence from management. A board has to identify with the business and its competition, focus on strategic problems and risk management, and establish high, yet pragmatic, standards of performance. The board directs the plans of the company but does not manage the company. The board must pick first-rate people to run the business while retaining its role to confront, evaluate, and hold managers accountable. To do this, the board must develop and approve a strategic plan, establish specific and measurable goals, establish risk parameters (which should be reviewed regularly in light of the strategic objectives), encourage and preserve open lines of communication, select competent management, measure managers’ performance, and hold management responsible using compensation and continued employment. In contrast, management has the responsibility to implement the board’s strategy, risk tolerances, and policies; keep directors fully informed; deal with the day-to-day operations of the business and its staff; and operate the information systems, procedures, and reports that keep the lines of communication open. The costs of poor corporate governance have been very evident in the present financial crisis. Firms that engage in unscrupulous and risky behavior will generally fail, while those that have enhanced corporate governance will have higher valuations, greater profitability, and better sales. The recent market turmoil suggests that buying shares in firms that score highly in corporate governance may yield positive returns. ADVANTAGES • Good corporate governance is part of good risk management. It brings problems and concerns to light, allowing them to be addressed promptly. • Good corporate governance helps businesses to focus on strategic issues and risk management, and establishes realistic standards of performance. • Decision-making is improved by thorough analysis under good corporate governance. Management is held accountable, and management compensation is linked to shareholder value. • The board can select good managers to run the business while maintaining its role to challenge, measure, and hold managers responsible. DISADVANTAGES A board that lacks independence may not be willing to address poor performance by a line of business or even hold the management accountable. The dual loyalty that many board members feel to the management and to the institution is normally resolved in favor of the institution.   ——————————————- Tadawul Academy is an Accredited CISI Training Partner that delivers training in English and Arabic. You can learn more at www.tadawul.academy Tadawul owns and operates the first bilingual learning portal for CISI in the world: www.TadawulExams.com Tadawul delivers CISI training in Dubai, Abu Dhabi, Oman Qatar, Kuwait, Bahrain and Saudi Arabia. Tadawul’s portfolio includes: CISI IISI, CISI ICWIM, CISI ICAWM, CISI IFQ, CISI Securities, CISI Risk, CISI Derivatives, and many more. ------------------------------------------- Other exam articles that you might find useful: An Overview of Shariah-Compliant Funds Understanding Key Financial Terms and Statements Managing the Time Value of Money Identifying and Managing Exposure to Interest and Exchange Rate Risks Hedging Liquidity Risk Hedging Interest Rate Risk Hedging Foreign Exchange Risk Hedging Credit Risk The Structure and Function of the Foreign Exchange Market  Inflation, Interest Rates & Forex Share Capitalisation ------------------------------------------- Some video lectures from our YouTube Channel:   Read the full article
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