Utility company says it operates according to the World Bank’s best practices for electricity and water suppliers around the world
Dubai Electricity and Water Authority (DEWA) and Siemens have organised a joint workshop on governance and compliance in Munich. The workshop is expected to enhance partnerships and facilitate the exchange of best practices.
According to a statement, DEWA presented its approach on good and effective governance and compliance with the highest global standards, as well as the impact of data privacy on workflows. Siemens reviewed its strategy in different aspects of governance, internal controls, corporate compliance and applying the highest global compliance standards.
Ali Almuwaijei, vice president of Governance & Compliance at DEWA and Martina Maier, chief compliance officer at Siemens AG attended the workshop, along with officials and employees representing both parties.
“DEWA adopts clear procedures, policies, and strategies to ensure good governance practices, and complies with the regulations and laws governing its work according to the highest standards, and best practices of governance, accountability, transparency and trust, which supports its efforts in achieving sustainability and agility of doing business. Our comprehensive plan for compliance and good governance takes into consideration our ability to adapt to changes that affect the local, regional and global energy sector, and utilise the relevant opportunities. This promotes DEWA’s global leading position in adopting the world’s best practices and creating new opportunities in the energy sector,” said Saeed Mohammed Al Tayer, MD & CEO of DEWA.
He added, “DEWA operates according to the World Bank’s best practices for electricity and water suppliers around the world, which includes following a comprehensive governance framework and implementing a governance policy and charter. This has resulted in maintaining the UAE’s first global ranking, represented by DEWA, for the third consecutive year in all ‘Getting Electricity’ indicators in the World Bank’s Doing Business 2020 report.”
“Our long-term partnership with DEWA extends beyond supplying energy, and this collaboration on compliance and governance is a testament to our deep relationship. The workshop in Munich was an opportunity for Dewa and Siemens to learn how governance and compliance matters are handled by our respective organisations, and to share best practices in these areas,” concluded Dietmar Siersdorfer, CEO, Siemens Middle East and UAE.