LONDON, March 30, 2015 /PRNewswire/ --
Ras Al Khaimah National Insurance Company (RAK Insurance) has
won the award for Best Corporate Governance in the Middle East for the insurance industry in the
Ethical Boardroom Corporate Governance 2015 Awards.
Ethical Boardroom Magazine the leading journal for global
governance issues, has recognised RAK Insurance of the United Arab Emirates (UAE) as a regional
leader in corporate governance.
The Ethical Boardroom Corporate Governance 2015 Awards reward
outstanding companies who have exhibited exceptional leadership in
the area of governance to ensure protection and long-term value for
all their stakeholders.
All finalists are publicly listed companies that have undergone
a thorough analysis of 120 governance factors and extensive
scrutiny on governance attributes categorised under four pillars -
Board Composition, Board Committees, Shareholder Rights and
Transparency.
Andrew Smith, CEO of RAK
Insurance, said: "We, at RAK Insurance, are greatly honoured and
humbled to be given the accolade of this award. The company has
been transformed during the past two years including refocusing our
business for greater economic efficiency and being awarded as 'Best
Corporate Governance - Insurance - Middle
East 2015' is a testament that we are on the right
track."
"RAK Insurance has been in the UAE insurance industry for the
past 40 years. We continue to withstand tough competition and RAK
Insurance is still emerging as a pioneer insurance provider in the
UAE. The core values of the company which we uphold until this day
serves as our framework in ensuring a balance of the interests of
our stakeholders including its shareholders, management, staff,
customers, suppliers and the wider community."
Detailed information on the Ethical Boardroom Corporate
Governance 2015 Awards in the Middle
East can be found at
http://ethicalboardroom.com/corporate-governance-winners-2015-middle-east/.
About Ethical Boardroom
Magazine:
Ethical Boardroom is a premier, subscription-based magazine and
website that is trusted by influencers for delivering in-depth
coverage and astute analysis of global governance issues. Ethical
Boardroom, published quarterly and distributed to corporate
secretaries, general legal counsels and board directors of both
publicly traded corporations and large private companies worldwide,
is essential reading for those who want to stay ahead of the
governance curve.
http://www.ethicalboardroom.com