The Thumbay Group, a leading diversified business conglomerate in the UAE, has announced its commitment to strengthening corporate governance in order to ensure transparency and drive 2X growth in the coming years.
In recent times, the global business landscape has witnessed an increasing focus on corporate governance as companies recognize the importance of transparency and accountability in driving sustainable growth. The Thumbay Group, with its diverse portfolio of businesses spanning healthcare, education, hospitality, and retail, has recognized the need to bolster its corporate governance framework to align with global best practices and meet the expectations of stakeholders.
As part of its efforts to strengthen corporate governance, the Thumbay Group has implemented several key initiatives aimed at enhancing transparency and accountability across its businesses. This includes the establishment of a dedicated corporate governance committee tasked with overseeing and monitoring governance practices, ensuring compliance with regulations, and driving ethical business conduct.
Furthermore, the group has invested in robust internal control mechanisms and risk management frameworks to mitigate potential operational and financial risks. This includes the appointment of independent directors on the board to provide strategic oversight and governance expertise.
In line with its commitment to transparency, the Thumbay Group has also undertaken measures to enhance disclosure and reporting practices, ensuring that stakeholders have access to accurate and timely information about the company’s performance, operations, and financial health.
The focus on corporate governance is not only a strategic imperative for the Thumbay Group but also a key enabler for driving 2X growth in the coming years. By instilling a culture of accountability and transparency, the group aims to enhance investor confidence, attract strategic partners, and unlock new growth opportunities.
Dr. Thumbay Moideen, Founder President of the Thumbay Group, emphasized the importance of corporate governance in driving sustainable business growth. He stated, “We are committed to upholding the highest standards of corporate governance to build trust, enhance accountability, and drive sustainable growth. By strengthening our governance practices, we aim to create long-term value for our stakeholders and establish Thumbay Group as a leading business conglomerate in the region.”
The Thumbay Group’s focus on corporate governance comes at a time when the business environment is becoming increasingly complex and interconnected, requiring companies to adopt a proactive approach to governance to navigate challenges and capitalize on opportunities.
By aligning its governance practices with global standards, the Thumbay Group is well-positioned to drive 2X growth and emerge as a trusted partner for investors, customers, and other stakeholders. With its unwavering commitment to transparency and ethical conduct, the group is setting a benchmark for corporate governance in the region and paving the way for sustained success in the years to come.
