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Corporate Governance

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Dubai Properties Group (DPG), a member of Dubai Holding, develops and manages properties, communities and destinations.

Through its subsidiaries DPG provides integrated solutions for a variety of services including sales, leasing, facilities management and security. Founded on the principles of transparency, accountability, and reliability, Dubai Properties Group aspires to become the best partner in providing vibrant residential, retail and business communities. It wants to be recognised  as a world class organization that delivers excellence through industry knowledge and expertise. DPG constantly seeks ways to deliver effective solutions to its clients, stakeholders, investors and business partners.

DPG recognises the significance of strong corporate governance, particularly in large diversified operations. It is committed to the highest standards of corporate governance practices and acts with discipline, integrity and professionalism, following a corporate governance framework for all its business entities. This framework has been developed after extensive benchmarking against international and local best practices, and is aligned with local regulations. 
 
As part of its corporate governance practices, DPG has recently established a Board of Directors that includes three independent non-executive directors and two executive directors. The Board is responsible for setting long-term business strategies, overseeing implementation, ensuring the adequacy of internal controls, and strategic risk management. Audit and Risk, Executive Human Capital and Investment & Allocation committees have also been formed following the establishment of the Board. 

DPG Board Members

Abdulla Al Shamsi
Independent Chairman

Abdulla Hamad Al Shamsi is the General Manager of United Arab Shipping Agencies Co. He is Chairman of Middle East Container Repair Co. and Vice President of Dubai Shipping Agents Association. Mr. Al Shamsi is a Board Member of Du since 2007 and was a Board Member of Dubai Islamic Bank for 9 years.

Mohammed Al Jallaf
Independent Director

Mohammed Al Jallaf is the Managing Director of Al Huda Investments. Mr Al Jallaf has spent more than 16 years in several key positions at Emirates NBD. Currently, he is a Board Member of National General Insurance Company, Commercial Bank of Dubai, Dubai Investments Real Estate Company and Al Taif Investments. He has also served as Board Member of Dubai Chamber and Dubai Bank, and as a member of Dubai Municipality Rental Committee.

George Mushahwar
Independent Director

George Mushahwar is the Managing Partner of Zaya Advisory. Previously, Mr Mushahwar has acted as Secretary General of Dubai International Financial Centre, Acting CEO of Dubai Aerospace Enterprise and Chief Operating Officer of TECOM Investments. Mr Mushahwar has also served on the Boards of Tunisie Telecom, Interoute, Axiom, Emirates International Telecommunications and DIFC Investments.

Nicholas Clayton
Independent Director

Nicholas Clayton is the Chief Operating Officer of Jumeirah Group. Prior to joining Jumeirah Group, Mr Clayton was President and later CEO of the Viceroy Hotel Group. Mr Clayton has spent 14 years with Ritz-Carlton in the United States, Australia and Singapore, and served as Senior Vice President Operations, Mandarin Oriental.

Khalid Al Malik
Executive Director

Khalid Al Malik is the Group Chief Executive Officer of Dubai Properties Group (DPG) since July 2009. Prior to joining DPG, Mr Al Malik was CEO of Tatweer, overseeing a diverse portfolio of interests including Dubai Healthcare City, Dubai Industrial City and DUBAILAND. He has previously served as the Director of Operations at the Dubai Development and Investment Authority. Mr Al Malik is on the board of several prominent Dubai companies.

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