GetNED Publications

Corporate Governance Roundtable — Enhancing Governance in the UAE

1 November 2022

Corporate Governance Roundtable — Enhancing Governance in the UAE

Archived: Corporate Governance Roundtable

NEDs in the context of Economic Substance Regulations

10 March 2020

Archived: GetNED Essentials

When should a company consider retaining a NED?

2 March 2020

Archived: GetNED Essentials

Key qualities one should look for a NED

24 February 2020

Archived: GetNED Essentials

GetNED as featured in Arabian Business

19 February 2020

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

Archived: News

What are NEDs’ responsibilities?

17 February 2020

Archived: GetNED Essentials

How can a NED contribute to a high growth company?

10 February 2020

Archived: GetNED Essentials

NEDworking Lunch @ La Serre

4 January 2020

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

Archived: News

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.