The Red Sea Development Company (TRSDC) has been recognised in this year's Ethical Boardroom Corporate Governance Awards, by winning the ?Special Recognition Award for Real Estate Developer - Middle East'.
The tourism destination development company is setting new standards in sustainable development as it creates a luxury destination that will position Saudi Arabia on the global tourism map.
Ethical Boardroom's Head of Awards, Henry Smart, said: "The Red Sea Development Company is a on a mission to break new ground in both regenerative sustainability and governance by developing its own toolkit, based on international best practice. It thoroughly deserves to be named among the companies achieving success in this year's Ethical Boardroom Awards for excellence in corporate governance."
In an interview with Ethical Boardroom, Dr. Maryam Ali Ficociello, chief governance officer at TRSDC, says: "At The Red Sea Development Company we are striving to build a ground-breaking tourism destination, and that means taking a comprehensive approach that sets new standards in good governance, compliance and risk management.
"Ahead of welcoming our first guests to the destination in 2022, we have embedded a holistic approach to structural governance into the business at every stage, from construction through to hospitality partner management."
Every year, Ethical Boardroom Magazine the bi-monthly digital magazine that delivers in-depth coverage and critically astute analysis of global governance issues, recognises the world's leading corporate governance champions across their industry sectors.
All finalists in the Awards are publicly listed companies or state-owned enterprises that have undergone a thorough analysis of governance factors and extensive scrutiny on governance attributes, such as board composition, board committees, shareholder rights and transparency.
The Red Sea Development Company joins companies in the Middle East and Africa, such as Zenith Bank, Dubai Investments, Alba and East African Breweries, in this year's list of outstanding companies across industries including construction, banking and utilities.
Information on the Ethical Boardroom Corporate Governance 2021 Awards can be found at https://ethicalboardroom.com, with this year's Middle East and Africa winners revealed in the latest issue of Ethical Boardroom.
About Ethical Boardroom Magazine:
Ethical Boardroom is a trailblazing bi-monthly digital magazine that delivers in-depth coverage and critically astute analysis of global governance issues to help boards stay ahead of the governance curve.
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