Dubai: The GPRC Summit 2023 in Dubai has witnessed several notable discussions on the state, transformation of governance, risk, and compliance in the UAE’s future digital economy. The summit was organised by Ejtemaat Events and hosted by Corporater, a global software company providing integrated governance, performance, risk, and compliance (GPRC) solutions.
The event was attended by GRC experts, CEOs, and executives, as well as key decision-makers from various industries to discuss technologies, insights, and key trends shaping the future of enterprise management.
An effective governance, risk, and compliance system is a fundamental requirement for a strong cybersecurity strategy. He stressed that organisations must first establish a GRC system to achieve cybersecurity objectives and create a secure working environment.
Dr. Mohamed Al Kuwaiti, Head of Cybersecurity, shared.
Mr. Al Kuwaiti pointed out that the Cybersecurity Council’s support in partnership with the UAE Banksigital Federation for the GPRC Summit 2023 in Dubai comes as part of the council’s commitment to participate in creating an innovative work environment.
Mr. Abdallah Al Shamsi, Assistant Undersecretary, Monitoring and Follow-up, at the Ministry of Economy, said, “Comprehensive GRC systems enable process automation, accurate risk assessments, and cost efficiencies, and provide a single source of affirmation for the entire organization.”
“As you all know, the UAE economy is transforming into a flexible, more open, and sustainable model through updated legislation, strengthened regulatory frameworks, and ambitious visions and business strategies. Sound GRC practices will help the UAE’s corporate sector attract investment and help companies achieve their business objectives,” Mr. Al Shamsi added.
The event looked at GRC from a holistic perspective, examining how internal cybersecurity, operational technology evolution, digital finance, and work culture shape the long-term value of GRC. Speakers further stressed the necessity for organisations to focus on agility, resilience, integrity, accountability, and engagement in risk management.
The summit further set the stage for world-renowned GRC and strategy experts and C-level executives to share the latest trends in corporate governance, GRC-related challenges, and solutions that enable organisations to improve performance as well as better align their priorities with business objectives.