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Jean-David Sidler

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Jean-David Sidler

Active 4 years, 2 months ago
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Name

Jean-David Sidler
Your Country

United Arab Emirates
Company

Sidler Advisory LLC
Position

Founder
Gender

Male
Core Industries

Accounting and Audit, Audit and Control, Banking, Compliance and Risk Management, Consultancy, Financial Institutions, Fintech, Insurance, Pharmaceutical Industry, Real Estate, Tax and Fiduciary Services
Experience

25 years of experience in regulatory transformation projects of Financial & Reporting Departments mainly in Banking and Insurance sector. Project management vision combined with operational assistance to Finance Departments. Expertise in cross-organization processes.

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NEDs and Economic Substance (“ESR”)

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.

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