Advisory
Corporate Governance
Since 20179 Since 2017
- FTA approved tax agency
- Fixed fees, quoted up front
- Filed in your name
Talk to an adviser
Tell us what the business is trying to decide and we will tell you what it would take to answer it.
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- FTA approved
- Direct to a specialist
The question this answers
Is this set up so decisions get made properly?
Who decides what, who is accountable for it, and whether that holds when the business grows.
Overview
What Corporate Governance involves
Corporate governance is the bedrock of the success of any organization, especially in the UAE which has positioned itself as a hub for international trade. With the rapid shifting of the business environment, it is essential to comply with the best practices in corporate governance to guarantee proper transparency, accountability, and adherence to the regulations. The core business of Vigor Accounting & Taxation is the provision of a complete range of corporate governance services to companies in the UAE that we have honed over the years, especially in ensuring the ethical conduct of businesses, improving the quality of governance and management in addition to compliance with legal standards.
- Advisory services, one practice
- 11Advisory services, one practice
- years, since 2017
- 9years, since 2017
- Professionals in Business Bay
- 75+Professionals in Business Bay
The basics
Understanding Corporate Governance
Corporate governance refers to the process of allocation, authorization, and applying the system of checks and balances in administration of a business enterprise. There are a variety of issues such as the board structure, adherence to regulations, disclosure, and the participation of the stakeholders in decision-making.
Detail
Corporate Governance Services in UAE by Vigor Accounting & Taxation
Corporate governance can be deemed as the predominant pillar of a business's success especially in Dubai which is one of the most famous business centres in the world. As the business landscape is getting more and more complicated corporate governance practices that are in line with the best practices are used to show compliance to the regulatory frameworks and to offer transparency and accountability.
Vigor Accounting & Taxation offers a wide variety of corporate governance services to firms in the UAE that are aimed at encouraging integrity, streamlining management processes, and ensuring compliance with legally mandatory requirements.
Eleven questions
Nobody wakes up wanting corporate governance
They wake up wondering who gets to decide what. Every service in this practice answers a question somebody actually asked, so here they are as the questions rather than as the names.
Before you commit
The question asked while it is still a decision.
Running it
Direction, money and who decides what.
Knowing where you stand
What the business is worth, what it owes, what the figures mean.
Changing shape
When the business has to become something else, or belong to someone else.
The groupings say when a question usually comes up, not what order to do things in. A business can need a valuation and a succession plan in the same month, or a feasibility study years after it started trading.
Or go straight to one
Government Agencies
We work closely with all Government Agencies
Company formation, licensing, visas, customs codes and tax registration all pass through these authorities. Start a company setup.
Answers
Questions asked about Corporate Governance
The 6 asked most often, answered by an adviser.
01Is corporate governance mandatory for companies in the UAE?
Formal corporate governance codes are mandatory mainly for listed companies and certain regulated entities such as banks and insurers. Other companies are not legally required to adopt a full framework, though good governance, clear board structures, internal controls and documented policies support compliance with corporate tax, Economic Substance Regulations and audit requirements, and are increasingly expected by banks and investors.
02How much does corporate governance advisory cost?
There is no fixed fee, as the scope depends on company size, ownership structure and which policies, board arrangements or internal controls need to be built or reviewed. We assess this at a consultation and provide a written proposal before any work begins, so costs are agreed in advance.
03What are the risks of not having proper corporate governance in place?
Weak governance increases the risk of disputes between shareholders or directors, poor financial oversight, related party transactions that are not properly documented, and gaps that surface during an audit or a corporate tax review. It can also delay licence renewals where audited financial statements or clear ownership records are required.
04Which businesses actually need a corporate governance framework?
Any company with multiple shareholders, a board of directors, related party dealings or plans to raise financing benefits from a governance framework. The exact requirements depend on legal form, whether the entity is listed or regulated, and its free zone or mainland licence conditions, so this is assessed case by case.
05What documents are needed to review or set up governance policies?
We typically need the memorandum and articles of association, shareholder agreements, board resolutions, organisational charts, existing internal policies if any, and details of related party transactions. Additional documents may be requested depending on the company's structure and the specific governance gaps identified.
06How long does it take to put a corporate governance framework in place?
Timelines vary with company size and how much documentation already exists. A straightforward review and policy update can take a few weeks, while building a full framework covering board charters, delegation of authority and internal controls for a larger group takes longer. Vigor confirms a timeline once the scope is agreed.
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