The FA Academy Holds Seminar on Governance of Clubs’ Companies
Monday, May 22nd, 2017: The FA Academy held a seminar on the governance of clubs’ companies and the mechanisms of application according to the new Corporate Law. The Seminar hosted at UAE FA Premise in Dubai was conducted by Mohamed Haitham Salman, holder of PhD in Corporate Law from Portsmouth University in United Kingdom; and attended by 16 participants from PLC, professional clubs and amateur clubs.
The seminar highlighted the new Corporate Act no. (2) of 2015 which aims at developing environment of work, the capabilities of the state and its economic indicators, especially with regard to rules of governance, protection of shareholders and promotion of companies social responsibility.
It discussed the frameworks and mechanisms of corporate governance stipulated in the law, which include accounting and auditing standards as well as duties and responsibilities of partners and CEOs in LLC companies. The seminar also addressed means of applying rules of governance on football companies.
The corporate governance is the set of rules, criteria and procedures that ensure the control in the management of the company pursuant to international standards, by defining the duties and responsibilities for board of directors, taking into account the protection of shareholders’ rights.