State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai

Programme Overview

State-owned enterprises represent critical drivers of infrastructure delivery, employment, and public services, yet their commercial performance directly shapes national fiscal sustainability.⁣​‌​‌​​‌​​‌‌​‌​​​​‌‌‌​‌‌‌​‌‌‌​​​​​​‌​‌‌‌​​​‌‌​​​‌​‌‌‌‌​​​​‌‌​‌​​‌⁣ This executive training programme in Dubai equips government shareholders, oversight units, and enterprise leadership with robust methodologies to enforce commercial discipline. Participants examine modern ownership arrangements, clear separation of regulatory and ownership functions, and mechanisms to enhance accountability across public corporate portfolios.

The curriculum addresses the complex operational realities of commercial public enterprises operating under market constraints. Delegates explore the application of international corporate governance frameworks, comprehensive fiscal risk quantification, and the design of verifiable performance contracts. Through structured diagnostic exercises, attendees examine the warning signs of enterprise distress, evaluate contingent liabilities, and establish transparent reporting architectures that satisfy the rigorous fiduciary requirements of international development finance institutions.

Focusing on practical institutional transformation, the course guides participants through balance sheet restructuring, operational turnaround planning, and objective performance benchmarking. Using comparative case analyses, participants gain the technical tools required to safeguard public wealth, eliminate hidden subsidies, and design viable restructuring pathways. The four days foster peer exchange on establishing sustainable oversight units capable of balancing commercial enterprise autonomy with national development objectives.

Governments across island developing states and emerging markets face acute pressures to contain fiscal risks emanating from non-performing public commercial entities.⁣​‌​‌​​‌​​‌‌​‌​​​​‌‌‌​‌‌‌​‌‌‌​​​​​​‌​‌‌‌​​​‌‌​​​‌​‌‌‌‌​​​​‌‌​‌​​‌⁣ Structural economic reform agendas, such as the enterprise competitiveness and growth initiatives currently prioritised in the Maldives, demand urgent improvements in enterprise efficiency, reduced reliance on state subsidies, and transparent shareholder oversight. Strengthening state-owned enterprise governance and restructuring frameworks is essential to mitigate sovereign liabilities, unlock private capital participation, and satisfy the rigorous public financial management standards required by international development financiers.

Delivered by Risalat Consultants International in Dubai, United Arab Emirates, it combines expert-led sessions, real cases and group work, so that participants can apply what they learn in their own institution.

The Programme Strengthens Institutional Capability

• International standards and ownership models: Implementing the OECD Guidelines on Corporate Governance of State-Owned Enterprises
• Institutional separation: Disentangling sector policymaking, economic regulation, and state shareholder oversight functions
• Board composition and mandate: Competency frameworks, independent director appointments, and fiduciary liabilities
• Public service obligations: Costing, funding, and ring-fencing non-commercial socio-economic mandates transparently
• Shareholder expectation statements: Codifying government strategic intent, return-on-equity targets, and ethical standards
• Sovereign exposure mapping: Identifying explicit loan guarantees, quasi-fiscal operations, and unhedged balance sheet risks
• Diagnostic financial analytics: Interpreting liquidity traps, working capital deficits, and debt service coverage limitations
• Stress testing enterprise operations: Assessing vulnerability to macroeconomic shocks, interest rate shifts, and revenue volatility
• Fraud risk assessment and fraud risk registers
• Design and testing of internal controls
• The Three Lines model and the role of oversight
• Audit planning, evidence and documentation

It is designed for officers and analysts from Ministry of Finance Public Enterprise Monitoring Units, shareholder oversight officials from state ownership and privatisation agencies, board directors and corporate secretaries of state-owned enterprises and others who want practical, current skills in fraud, audit and internal control.

The Growing Importance of State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai

Public bodies and donor-financed projects are expected to show that funds are used for their intended purpose. Auditors, oversight bodies and financiers increasingly look beyond the financial statements to the controls, records and behaviours behind them.

Fraud and control weaknesses rarely come from one failure. They grow where roles are unclear, records are incomplete and warning signs are not followed up. Teams that understand how fraud happens, and how controls stop it, protect both their institution and the people it serves.

Organisations increasingly require professionals capable of:

• Identify and rate fraud and control risks in their own processes
• Design controls that are proportionate and testable
• Gather and document reliable audit evidence
• Recognise red flags early and escalate them correctly
• Turn findings into practical, agreed actions

Strong fraud, audit and internal control systems help organisations:

• Reduce losses and ineligible expenditure
• Pass external audits with fewer findings
• Strengthen trust with financiers and citizens
• Respond to allegations in a fair and documented way

This State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai programme brings these elements together in a practical format, so that participants understand not only what good practice looks like but also how to introduce it in their own setting, with the people and resources they have.

Who Should Attend This State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Training?

This programme is designed for:

• Officers and analysts from Ministry of Finance Public Enterprise Monitoring Units
• Shareholder oversight officials from state ownership and privatisation agencies
• Board directors and corporate secretaries of state-owned enterprises
• Chief financial officers and finance directors of commercial public corporations
• Public asset managers and sovereign portfolio analysts
• State asset restructuring and liquidation taskforce specialists
• Government internal auditors and public enterprise compliance officers
• Project coordinators from public financial management reform programmes
• Policy advisers from economic development and national planning ministries
• Internal auditors and audit managers
• Finance managers and accountants
• Compliance and risk officers

The programme suits experienced professionals as well as those moving into new responsibilities. Groups that mix institutions and countries are encouraged, because participants learn a great deal from each other’s experience.

State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Training Objectives

Upon successful completion of this State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Training, participants will be able to:

• Apply the OECD Guidelines on Corporate Governance of State-Owned Enterprises to modernise sovereign shareholder arrangements
• Quantify explicit and implicit fiscal risks, including sovereign loan guarantees and contingent liabilities generated by public enterprises
• Formulate structured performance agreements establishing commercially verifiable key performance indicators and dividend policies
• Conduct comprehensive financial distress diagnostics using balance sheet analysis, solvency ratios, and operational cash flow assessments
• Design practical operational and financial turnaround plans for distressed commercial public entities requiring immediate intervention
• Delineate clear boundaries between government policy mandates, line ministry regulation, and commercial board autonomy
• Establish standardised monitoring and reporting protocols that align with international development partner fiduciary requirements
• Explain how and why fraud happens, using recognised fraud risk models
• Carry out a fraud and control risk assessment for a real process
• Map controls to risks using the Three Lines model

Each objective is practised during the programme through exercises, cases or group work, so that participants leave able to do it, not only to describe it.

Programme Contents and Structure

State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Training Methodology

The training employs an interactive executive seminar methodology combining technical presentations, practical diagnostic laboratories, and comparative peer review.⁣​‌​‌​​‌​​‌‌​‌​​​​‌‌‌​‌‌‌​‌‌‌​​​​​​‌​‌‌‌​​​‌‌​​​‌​‌‌‌‌​​​​‌‌​‌​​‌⁣ Participants work with real balance sheet extracts, draft shareholder mandates, and institutional oversight registers to apply analytical frameworks immediately. Facilitated discussions, turnaround simulation exercises, and template adaptation sessions enable attendees to contextualise international governance standards against the legal and administrative constraints of their home institutions.

The programme combines:

• Expert-led sessions on current practice
• Regional and international case studies
• Group work and practical exercises
• Simulations and role plays where relevant
• Discussion of participants' own challenges
• Peer learning across institutions and countries
• Practical tools and templates to take back to work
• Daily reflection and action planning

Before the programme, a short pre-assessment helps the facilitators understand each participant’s role and priorities, so that examples and exercises can be adjusted to the group. Each day ends with a short reflection in which participants note what they will apply at work.

Expected Outcomes

Upon completion of this State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Training, participants will be able to:

• Attain thorough understanding of international corporate governance codes and their implementation across state corporate assets
• Acquire the capability to evaluate and mitigate sovereign fiscal risks arising from enterprise debts and contingent liabilities
• Master the technical structure of enterprise performance contracts and commercial shareholder expectation frameworks
• Gain practical competence in conducting financial distress diagnoses and formulating realistic enterprise turnaround strategies
• Establish robust quarterly oversight, monitoring, and audit verification protocols within public asset oversight bodies
• Formulate an institutional implementation plan to modernise corporate boards, financial transparency, and commercial autonomy
• Assess fraud and control risks in their own processes
• Design and test proportionate controls

Participants leave with a personal action plan and practical tools they can use in their institution from the first week back. Institutions that send several participants can use the programme to agree shared methods and templates across teams, which makes improvements easier to sustain.

Institutional Application of State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Training

This programme supports organisations in strengthening:

• Fraud and corruption risk management
• Internal control frameworks
• Audit and oversight arrangements
• Follow-up of audit findings
• Integrity and reporting channels

Participants return with practical tools to improve:

• Risk registers and control maps
• Audit planning and testing
• Evidence and documentation
• Reporting to management and boards
• Prevention of ineligible expenditure

The programme is built so that learning moves from the classroom into the institution. Participants work on their own processes and documents where possible, and leave with an action plan that their managers can review and support.

Regional Relevance & Application

Europe

European institutions apply fraud, audit and internal control within detailed regulatory frameworks and reform agendas. Participants from Europe can compare their practice with colleagues from other regions and test how established methods work under different conditions.

Africa

Across Africa, ministries, agencies and project teams working in fraud, audit and internal control increasingly operate alongside donor-financed programmes that expect clear systems and evidence. The programme helps participants adapt good practice to the institutions and resources they work with.

Middle East

In the Middle East, national development strategies and diversification plans place growing demands on fraud, audit and internal control. Participants explore how to build the capability these plans need inside public bodies and companies.

Asia

Institutions across Asia combine rapid growth with ambitious modernisation programmes. Participants from Asia can share their experience of scaling systems quickly and learn from approaches used elsewhere.

Pacific

Small island and Pacific states face particular constraints of size, distance and capacity. The programme highlights practical, proportionate approaches to fraud, audit and internal control that suit smaller institutions.

Holding the programme in Dubai, United Arab Emirates brings participants together away from their daily pressures, so they can compare how fraud, audit and internal control is handled in different settings. The same programme can also be delivered in-house for one institution, in its own country or online, with cases taken from its current work.

Host Country Profile – United Arab Emirates

Programmes, Workshops, Exposures, Training Courses in Dubai, UAE by Risalat Consultants International

Studying away from their own country gives participants time to focus, a fresh view of their own institution and the chance to build a network with colleagues from other countries.

State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Training Deliverables

Participants receive support before, during and after the programme, so that preparation, learning and follow-up form one continuous experience.

Before the Programme

• Participant Pre-Assessment
• State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Readiness Assessment
• State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Resource Pack
• Preparatory Reading Materials
• Complimentary Visa Support & Advisory

During the Programme

• Airport Pickup & Welcome Assistance
• Accommodation with Breakfast
• Welcome Networking Dinner
• Risalat Training Kit (Bag, Bottle, Mug, T-Shirt, Cap, Passport Cover, Pens, Notebook, Magnet & Keychain)
• Comprehensive State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai Training Manual
• Fraud Risk Register Template
• Control Mapping Matrix
• Audit Evidence Checklist
• Findings and Follow-up Tracker
• Practical Workshops & Simulations
• Group Discussions & Peer Learning
• Daily Lunch and Refreshments
• Full Access to Training Venue Facilities
• Mini Pad / Tablet with Digital Learning Materials
• Field Visit (where applicable)
• Entertaining City Tour

After the Programme

• Certificate of Completion
• Risalat Programme Participation Recognition Award
• Post-Training Reference Materials
• Fraud Risk Self-Assessment Guide
• Control Testing Checklist
• Post-Training Support & Follow-Up Guidance
• Programme Report

Institutions can also request a tailored in-house version of this programme, delivered at their premises or online. Request a proposal.

Common Challenges in State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai, And How This Training Helps

How can institutions identify and rate fraud and control risks in their own processes?

The programme addresses this directly on the first day (State Ownership Architecture and Corporate Governance Codes), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.

How can institutions design controls that are proportionate and testable?

The programme addresses this directly on the second day (Fiscal Risk Assessment and Contingent Liability Monitoring), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.

How can institutions gather and document reliable audit evidence?

The programme addresses this directly on the third day (Turnaround Strategies and Operational Restructuring), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.

How can institutions recognise red flags early and escalate them correctly?

The programme addresses this directly on the fourth day (Performance Contracting, Benchmarking, and Shareholder Oversight), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.

How can institutions turn findings into practical, agreed actions?

The programme addresses this directly on the first day (State Ownership Architecture and Corporate Governance Codes), where participants practise the methods involved and adapt them to their own institution, then build it into their action plan.

Frequently Asked Questions

When and where does the State-Owned Enterprise Governance, Restructuring and Shareholder Oversight in Dubai programme take place?

It runs from 6 Sep 2027 to 9 Sep 2027, in Dubai, United Arab Emirates. The registration deadline is shown at the top of this page.

Who should attend?

The programme is designed for officers and analysts from Ministry of Finance Public Enterprise Monitoring Units, shareholder oversight officials from state ownership and privatisation agencies, board directors and corporate secretaries of state-owned enterprises, chief financial officers and finance directors of commercial public corporations, and others who want practical skills in fraud, audit and internal control.

Will I receive a certificate?

Yes. Participants who complete the programme receive a Certificate of Completion from Risalat Consultants International.

Can this programme be delivered for our institution only?

Yes. We can deliver a tailored in-house version at your premises, in another city or online, built around your own cases. Use the proposal request on this page.

Do I need prior experience in fraud, audit and internal control?

No specialist background is required beyond experience in a related role. A short pre-assessment helps the facilitators adapt the sessions to the group.

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