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Dubai property developers to review draft corporate governance code
- United Arab Emirates: Wednesday, August 29 - 2012 at 12:30
The Dubai Land Department (DLD) has asked property developers to review the draft Code of Corporate Governance for Developers, after seeking suggestions from the public on the Real Estate Investor Protection Law in July, Emirates 24-7 has reported. "We kindly ask all real estate developers to review and share their opinion on the draft Code of Corporate Governance for Developers," the DLD said. Developed by Hawkamah, the Institute for Corporate Governance, in conjunction with the DLD, the proposed code outlines the responsibilities of a developer and ensures they disclose recourses and alternatives available for prospective investors in case of a delay in completion and handover.
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