Salik Earns ISO 37001: A New Era in Ethical Governance
Salik Company PJSC achieves ISO 37001 certification, marking a significant step in its commitment to corporate governance and ethical business practices.
Summary
Salik Company PJSC has received the ISO 37001 certification for its Anti-Bribery Management System, highlighting its dedication to ethical business conduct and enhancing investor confidence.
Salik Company PJSC, the exclusive toll gate operator of Dubai, has recently achieved a significant milestone by receiving the ISO 37001 certification for its Anti-Bribery Management System (ABMS). This certification is a testament to Salik's dedication to maintaining the highest standards of integrity, transparency, and ethical excellence in its operations.
The ISO 37001 is an international standard that outlines measures organizations can implement to prevent, detect, and address bribery. By securing this certification, Salik showcases its commitment to establishing best-in-class internal controls and proactive measures to mitigate corruption risks. This achievement not only strengthens Salik's position as a well-governed entity but also enhances investor confidence in its ethical and transparent business practices.
The certification process was led by Salik's Compliance Section, which ensured that the company's Anti-Bribery and Anti-Fraud framework aligns with leading regulatory standards, including those of the Securities and Commodities Authority (SCA), Dubai Financial Market (DFM), and UAE Companies Law (CCL).
Mr. Ibrahim Sultan Al Haddad, CEO of Salik, expressed his satisfaction with this achievement, stating that it marks a crucial step in Salik's journey towards becoming a global benchmark in corporate governance and ethical business conduct. He emphasized that this reflects Salik's deep commitment to operating with the highest standards of transparency and accountability, creating sustainable value for shareholders, stakeholders, and the broader community.
From a financial analyst's perspective, the attainment of the ISO 37001 certification can be seen as a positive indicator for potential investors. It demonstrates Salik's proactive approach to corporate governance, which is likely to enhance its reputation and attract further investment. Given the strategic importance of Salik's operations in Dubai and its exclusive rights under a 49-year concession agreement, the company is well-positioned for future growth.
In conclusion, the certification reinforces Salik's standing as a reliable and ethical player in the market. Investors might consider this development as a reason to 'buy' Salik shares, given the company's strong governance framework and growth potential in the toll gate sector.
Source
Summary
Salik Company PJSC, the exclusive toll gate operator in Dubai, has received the ISO 37001 certification for its Anti-Bribery Management System. This certification highlights Salik's commitment to integrity and transparency in its operations. The certification process involved a thorough evaluation of Salik's anti-bribery and anti-fraud framework, which aligns with various regulatory standards. The initiative was led by Salik's Compliance Section, emphasizing the company's dedication to accountability and corporate governance. CEO Ibrahim Sultan Al Haddad stated that this certification is a significant step in Salik's commitment to ethical business conduct, aiming to create sustainable value for shareholders and stakeholders. ISO 37001 is a global standard that outlines measures to prevent and address bribery, and Salik's compliance with it enhances its reputation as a well-governed entity and boosts investor confidence.
