1. Executive Summary of the National Bonds Corporation
The establishment of the National Bonds Corporation (NBC) was a step in the right direction to endear the masses to adopt a saving culture. The NBC offers several saving schemes that welcome all, from minors to the aged. Good corporate governance is geared towards meeting the objectives and the obligations of a corporation/company. A decade ago, the term corporate governance was unheard of in the business circle. However, today, corporate governance is the business buzzword of this decade. It has become the epicenter through which most companies have either succeeded or failed. While there is no set formula for a good corporate governance structure, the widely-accepted and long-established …show more content…
It that report, the ICD unveiled the detailed numbers as part of its move to raise funds for the first Islamic bond issue. Accordingly, the National Bonds Corporation is subject to international audit mechanisms, more so now due to the financial crisis of 2007/08, that led to the loss of money by many investors. With a net worth of paid-up capital to the tune of AED 150 million, several issues that contribute to such figures must be examined, hence this report on its corporate governance structures. This report is for a self-reflection by the NBC to enhance several business parameters that are material to the success. These include its governance system, the degree of ethical standards, and its corporate social …show more content…
This award recognizes achievements of the memorizers of the Holy Quran, its scholars, and all those committed to Quranic learning.
For three consecutive years running, in 2009, 2010, and 2011, the NBC has sponsored the Princess Haya Award for Special Education. This award targets international best practices in special needs education.
The NBC also supports the Dubai Autism Centre. The Centre rehabilitates children with autism and creates awareness on the condition for early identification and care management measures.
During the Holy Month of Ramadhan, the NBC supported the Iftar Meals for the needy. This initiative is organized by the Aisha Bint Hussein Cultural Centre. In line with this humanitarian action, the NBC through its employees participates in the Blood Donation Drives. This drive is organized by the Amlek Finance PJSC in conjunction with the Al Wasl Hospital and the Blood Donor Unit.
Finally, the NBC organizes a reward scheme to the tune of over Dh 1 million every week for its shareholders in which the winner pockets Dh 1 million. This reward scheme is geared towards attracting investors both local and international to invest in the NBC.
4.
The establishment of the National Bonds Corporation (NBC) was a step in the right direction to endear the masses to adopt a saving culture. The NBC offers several saving schemes that welcome all, from minors to the aged. Good corporate governance is geared towards meeting the objectives and the obligations of a corporation/company. A decade ago, the term corporate governance was unheard of in the business circle. However, today, corporate governance is the business buzzword of this decade. It has become the epicenter through which most companies have either succeeded or failed. While there is no set formula for a good corporate governance structure, the widely-accepted and long-established …show more content…
It that report, the ICD unveiled the detailed numbers as part of its move to raise funds for the first Islamic bond issue. Accordingly, the National Bonds Corporation is subject to international audit mechanisms, more so now due to the financial crisis of 2007/08, that led to the loss of money by many investors. With a net worth of paid-up capital to the tune of AED 150 million, several issues that contribute to such figures must be examined, hence this report on its corporate governance structures. This report is for a self-reflection by the NBC to enhance several business parameters that are material to the success. These include its governance system, the degree of ethical standards, and its corporate social …show more content…
This award recognizes achievements of the memorizers of the Holy Quran, its scholars, and all those committed to Quranic learning.
For three consecutive years running, in 2009, 2010, and 2011, the NBC has sponsored the Princess Haya Award for Special Education. This award targets international best practices in special needs education.
The NBC also supports the Dubai Autism Centre. The Centre rehabilitates children with autism and creates awareness on the condition for early identification and care management measures.
During the Holy Month of Ramadhan, the NBC supported the Iftar Meals for the needy. This initiative is organized by the Aisha Bint Hussein Cultural Centre. In line with this humanitarian action, the NBC through its employees participates in the Blood Donation Drives. This drive is organized by the Amlek Finance PJSC in conjunction with the Al Wasl Hospital and the Blood Donor Unit.
Finally, the NBC organizes a reward scheme to the tune of over Dh 1 million every week for its shareholders in which the winner pockets Dh 1 million. This reward scheme is geared towards attracting investors both local and international to invest in the NBC.
4.