National bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, today announced that it has become the first UAE corporate member of the Securities & Investment Institute ('SII'), the leading and most widely respected professional body for those who work in the securities and investment industry.
The decision reflects NBAD's keen interest in promoting and improving good corporate governance practices. Corporate Membership of the SII represents NBAD's public commitment to excellence, quality and integrity. Corporate membership carries responsibilities such as actively supporting individual membership of the SII, encouraging staff to take SII examinations, maintaining NBAD staff's ongoing competence through SII's Continuing Professional Development (CPD), and endorsing and adhering to the SII code of conduct.
"We are delighted to have become a corporate member of the SII. At NBAD we believe good corporate governance has a significant positive effect on our performance as it enhances corporate accountability, hence, improve business relationships with stakeholders" said Mr. Abdulla Mohammed Saleh AbdulRaheem, NBAD's Senior General Manager and Group Chief Operating Officer.
"NBAD's business performance is the outcome of the many approaches it adopts with regard to good corporate governance, fostering leadership, developing its people, implementing strategies, serving its customers, constantly improving its processes and systems and pursuing corporate social responsibility. Excellent organizations invariably use these factors as the enablers to achieve excellent performance. NBAD has been a recipient of many excellence and best bank awards over the years in its pursuit of organizational excellence.
"As a responsible and transparent financial institution, NBAD looks forward to working closely with SII to actively promote and improve good corporate governance practices in the UAE and in other countries where we operate" said Mr Abdulla Saleh.
Simon Culhane FSI, Chief Executive of SII, said, "We are delighted to welcome the National Bank of Abu Dhabi as our first UAE corporate member. SII corporate membership demonstrates publicly that a firm is a leader in integrity and competence. By signing up to our Code of Conduct and supporting employees who become members of SII, NBAD is demonstrating its professionalism."