We believe this means operating to a system which by definition encompasses all processes, customs, policies, laws and even includes people and institutions which affect the way a corporation is administered, directed or controlled. Accordingly, in 2008, we formalized and aligned ALFAHIM’s Corporate Governance framework to the UAE Securities and Commodities Authority Regulations (ESCA - Decision No. R/32, Corporate Governance Regulations for Joint-Stock Companies and Institutional Discipline Criteria) and implemented all material requirements ahead of the 2010 deadline, two years ahead of schedule.