Dubai Electricity and Water Authority (DEWA) has launched the Governance and & Compliance Champions (G&C) programme to achieve its updated vision to become a leading sustainable innovative global corporation. DEWA organised a workshop for the G&C champions nominated by all divisions in DEWA. Robert Papp, Chief Compliance Officer at General Electric (GE), gave a lecture during the workshop, where he explained the implementation of governance and compliance in GE.
“Effective governance is key to realising DEWA's vision to become a globally leading sustainable innovative corporation. We are committed to implementing the best corporate governance practices based on an integrated framework that covers all its activities and operations. DEWA follows the Organisation for Economic Co-operation and Development (OECD) guidelines on Corporate Governance for State Owned Enterprises, World Bank guidelines, and other international standards such as BS 13500. DEWA’s governance model is based on the four pillars of Trust, Accountability, Transparency and Fair Practices. Implementing effective governance practices has helped DEWA achieve global competitive results in various areas,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.
Waleed Salman, Executive Vice President of Business Development & Excellence at DEWA, noted that DEWA had adopted governance standards since 2008 and is now a global governance leader in the utility sector. He encouraged DEWA’s G&C champions to share practices in good governance with their colleagues across DEWA, so DEWA can make a positive impact on its productivity and customers’ experiences of DEWA’s services.
In 2018, DEWA fulfilled the requirements for the British Standard (BS 13500:2013) Code for Practice for Delivering Effective Governance, becoming the first utility in the world to implement this global standard. DEWA received the certification after a thorough auditing process by the British Standards Institute (BSI) to ensure DEWA’s processes are in line with effective governance standards.