Focus on good governance
According to Prof. Rob Melville, a visiting faculty member of Cass Business School Dubai, a key factor for listed companies in Gulf region to reach performance objectives is good corporate practices.
He added that the relationship between corporate governance and firm performance in companies listed on Gulf Co-operation Council (GCC) stock markets is not only an important consideration for investors’ decision-making but also a critical determinant of these companies’ corporate governance practices.
A research paper co-authored by him shows that 56 % of companies in the GCC don't have a complete understanding of the benefits of corporate governance and 95 % of the companies attested that their governance practices needed to be improved in some capacity.