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ICSI takes a lead, launches ICSI Guiding Principles on Stewardship at Middle East Conference in Abu Dhabi
OdishaRay
Bhubneswar (04/09/2024): The Institute of Company Secretaries of India (ICSI) inaugurated its Middle East Conference in Abu Dhabi, UAE on Wednesday. Organized on the theme Responsible Investment for Sustainable Future, the Conference witnessed the presence of H.E.Dr.Abdelrahman Almuaini, Assistant Undersecretary for IP Sector, Ministry of Economy, UAE, as the Chief Guest and A.Amarnath, Deputy Chief of Mission, Embassy of India, UAE; Yusuff Ali M.A., Chairman & Managing Director, LuLu Group International; Abdulla Salem Alnuaimi, Group CEO, Abu Dhabi Securities Exchange; Hamad Sayah Al Mazrouei, CEO, ADGM Registration Authority, as the Guest(s) of Honour. Taking a leap forward in the Stewardship Landscape, the ICSI created a milestone at the Conference by launching the ICSI Guiding Principles on Stewardship (IGPS), a framework of ethical stewardship practices to empower Institutional Investors and Service Providers.Outlining best practices for responsible investment, encompassing environmental, social, and governance factors, the ICSI IGPS is first of its kind principles, that aligns with the global trend and offers much needed guidance towards sustainable and responsible investing. Highlighting India-UAE partnership, H.E.Dr.Abdelrahman Almuaini, Assistant Undersecretary for IP Sector, Ministry of Economy, UAE, thanked the ICSI for holding an appropriate conference to support cross border businesses & invited Company Secretary Professionals to join in the journey of building a sustainable future. Abdulla Salem Alnuaimi, Group CEO, Abu Dhabi Securities Exchange, emphasized that ADX shares ICSI's perspective and believes that Sustainable Finance, which is intertwined with Economic Growth and Governance, is reshaping businesses today. Yusuff Ali M.A., Chairman & Managing Director, LuLu Group International acknowledged the competence & reliability of Company Secretaries in the corporate landscape and appreciated their commitment towards governance, ethics and sustainability. Hamad Sayah Al Mazrouei, CEO, ADGM Registration Authority, advocated ADGM's commitment to sustainable practices & long-term value creation and invited ICSI & CS Professionals to align with the broader vision of sustainable development. A.Amarnath, Deputy Chief of Mission, Embassy of India, UAE, appreciated the CS community in UAE & affirmed that their collective contribution will be vital for building India-UAE bilateral relationship. Echoing the sentiments of distinguished luminaries, CS B Narasimhan, President, the ICSI reiterated that ICSI is playing a pivotal role in contributing to a more resilient global economy.The IGPS is a testament to ICSI’s commitment towards fostering responsible governance and building an equitable and just society. The ICSI also launched the Backgrounder of ICSI Middle East Conference, Handbook on Business Responsibility and Sustainability, Governance and Compliance Standard on Prevention, Prohibition and Redressal of Sexual Harassment at Workplace, Revised Edition of CS: A Preferred Professional, ICSI Middle East (DIFC) NPIO International Newsletter. Organized in hybrid mode, the Middle East Conference is witnessing the participation of over 200 delegates in person and over 2000 delegates virtually, bringing together governments, regulators, investors, and businesses from India and UAE, on to this unique platform.