Abu Dhabi Global Market (ADGM) has published guiding principles on whistleblowing as it looks to further boost transparency in one of the fastest-growing financial hubs in the Middle East and North Africa.
The guidance is for all ADGM-registered entities and reflects the financial hub's commitment to accountability and market integrity, ADGM said in a statement on Tuesday.
“In line with global movements in favour of ever-increasing transparency and corporate accountability, strong and effective whistleblowing frameworks are considered a hallmark of good governance and risk management at any organisation,” said Emmanuel Givanakis, chief executive of ADGM’s Financial Services Regulatory Authority (FSRA).
The guidance on whistleblowing “highlights the importance of an ethical corporate culture to build strong foundations to secure the future success of any business”, he added.
ADGM, a central plank of Abu Dhabi's efforts to diversify its economy, connects the emirate with markets in the Mena region and economies in South and East Asia.
The financial free zone is home to more than 5,400 companies, including global businesses, financial institutions, treasury centres, professional services companies, small and medium enterprises, start-ups, FinTechs, digital asset trading and advisory entities.
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