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A set of corporate governance guidelines is being drafted which will eventually govern the activities of listed companies, Abdulla al-Turaifi, chief executive officer of the Securities & Commodities Authority, said in remarks delivered on behalf of Economy & Planning Minister Sheikha Lubna al-Qassimi to a seminar organised by the Dubai Ethics Resource Centre on 5 February. ‘There is a need to improve the levels of trust in the UAE market by enhancing the rule of law and voluntary disclosure,’ Al-Turaifi said. Corporate governance regulations would address management responsibilities, shareholder rights, conflicts of interest and transaction transparency.