1500 heads of departments and senior Abu Dhabi government employees disclose their "financial receivables"
The Abu Dhabi Accountability Authority announced the imminent completion of the fourth phase of the disclosure of financial receivables for senior Abu Dhabi government employees, which comes based on the directives of the wise leadership in enhancing transparency, accountability and trust, and continuous work to develop the regulatory and financial legislative environment, and the application of best practices of corporate governance at work. And keeping pace with the development renaissance witnessed by the emirate, pointing to the launch of the fourth complementary phase of the project, which will include all government agencies and companies that meet disclosure standards.
The agency revealed that the implemented stages of the project included about 1,500 senior Abu Dhabi government employees, including their excellencies heads of departments in the Abu Dhabi government, and their excellencies agents of departments, as well as their excellencies general managers and executives in all government agencies in the emirate, noting that The fourth stage, will include all senior employees in all companies and government agencies to which disclosure standards apply.
The agency stated that the project was implemented in accordance with the highest standards of accuracy, quality and confidentiality, using an advanced electronic platform that was developed and managed by qualified and creative national cadres, in partnership and cooperation with g42, a leading company in the field of information technology and artificial intelligence, in order to support the agency's endeavors to establish clear foundations and controls for transparency. Institutional, in order to enhance public confidence in government work, and to establish a new concept in the government work system, where disclosure of financial disclosure is a well-established practice in financial institutions, governments and other public and private sector institutions in various countries of the world.
The financial disclosure system aims to enhance the principles of integrity and transparency among employees of government agencies by disclosing their financial disclosure annually, upon assuming their positions, and upon the end of their service. Data of bank accounts and cash money inside and outside the country, data of companies, individual institutions, commercial, financial and professional businesses inside and outside the country, real estate data inside and outside the country, data of valuable movables used for trade purposes and others.
This system achieves a qualitative leap in government work in the Emirate of Abu Dhabi by strengthening the principles of integrity and transparency and highlighting this as one of the most important principles of government work, which aims to enhance confidence among those dealing with the Abu Dhabi government from individuals, companies and related organizations, and the financial disclosure system effectively contributes to raising the ratings of The government of Abu Dhabi and the government of the United Arab Emirates in the global indicators of integrity and transparency, and consolidates the reputation of the emirate as a safe investment destination that enjoys quality, efficiency and integrity of work as the main attracting factors for investors, in addition to other attractions that Abu Dhabi abounds in, such as advanced infrastructure.
According to the agency, the next five years will witness a qualitative leap in the concept of disclosure to become one of the principles of institutional culture, and part of the government work system, government companies and the private sector.
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