News – GetNEDs

COVID-19, Forward Looking

Posted on June 18, 2020June 18, 2020Newsby

Mansour Al Alami

COVID-19 impacted all businesses and posed challenges at all levels and for all sectors. Some may be hit harder and sooner than others but in general, all sectors will almost certainly be affected drastically. The world will be different, rules and policies will swing and change, new habits will prevail and tension and conflicts will […]

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GetNED as featured in Arabian Business

Posted on February 19, 2020March 10, 2020Newsby

GetNED Publications

Congratulations to Mr. Yann Mrazek for being recognized as the “Entrepreneur of the Week” by Arabian Business

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NEDworking Lunch @ La Serre

Posted on January 4, 2020March 10, 2020Newsby

GetNED Publications

Get-NED: M/HQ launches NED match-making platform

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Pursuant to ESR, certain companies deploying a “relevant activity” have to demonstrate that they have effective substance in their jurisdiction by satisfying a so-called “economic substance test”. ESR is in force in the UAE since 30th April 2019.

A company meets the test if it is directed and managed in the UAE and has adequate people, premises and expenditure in the country.

In this context, the composition and competence of the board of directors – composed of both executive director(s) and NED/s –, and the proper recording of minutes of all board meetings are key factors when assessing whether a company is compliant or not.