Board of Directors
The ASMEC Board oversees the ASMEC Chief Executive and staff, appointed by His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, President of the DIFC, for a three-year term. The structure ensures a transparent separation between day-to-day regulatory activities and the oversight of ASMEC’s regulatory performance. The Board provides governance characterized by vigilance, accountability, and fairness.
Directors are governed by a Code of Values and Ethics that sets out procedures for reporting and managing any potential, perceived, or actual conflicts of interest. A copy of the Code is available here.
The Board typically meets six times per year. Board Committees convene as needed, usually two to three times annually. Starting from 2014, summaries of outcomes for each meeting are made available. Click below to view the summaries:
The Board currently consists of 10 Directors, with all except the Chief Executive serving as independent non-Executive Directors. Members of the Board are leading industry, legal, and regulatory experts drawn from major international financial jurisdictions.
