khaleejtimes, Thursday, Apr 20, 2017 | Rajab 23, 1438
Success depends on 'ability to innovate'
A mutual respect for universal values has enabled the deep and enduring
friendship between UAE citizens and the Non-Resident Indians who have helped and
who continue to help the UAE develop as a peaceful and prosperous global
crossroads, Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Culture and
Knowledge Development, said on Wednesday.
Addressing the Dubai Global Convention organised by the Institute of Directors,
Sheikh Nahyan said a mutual respect for those universal values is the basis for
the bond struck recently between His Highness Sheikh Mohammed bin Zayed Al
Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed
Forces, and Indian Prime Minister Narendra Modi.
He said leaders in this age must have a global view and an understanding of how
their organisations, their countries, and their regions fit into the global
"Leadership in this age is required to understand that our future success
depends on our ability to innovate and create new knowledge, new technologies
and new products and processes. Success depends on building relationships across
boundaries and borders and strengthening cooperation at all levels," Sheikh
Nahyan said at the convention based on the theme "Driving Performance Excellence
Through Disruptive Innovation and Visionary Leadership."
He said the UAE, which hosts people of 200 different nationalities, is
comfortable with globalisation "because we are willing and able to connect
beyond our borders in a curious, somewhat adventurous, and always respectful
"We have acknowledged that diverse elements constitute our world. We have not
demanded that people different from us shed their identity and become instead
reflections of us. We have recognised universal values that we share with other
people. We have come to judge people by their actions, not their nationality,
culture, ethnicity, religious or philosophical beliefs, gender, language, or
physical appearance. We know as well that knowledge comes from all over the
world. We are not the exclusive source of knowledge," said Sheikh Nahyan.
Two corporate leaders from Dubai were honoured at Dubai Global Convention and
Golden Peacock Awards Presentation by the Institute of Directors.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Dr Khalaf
Ahmad Al Habtoor, Group Chairman, Al Habtoor Group, were conferred respectively
with Golden Peacock Business Leadership Award and Golden Peacock Business
Lifetime Achievement Award for Business & Social Inclusiveness at ceremony.
Sheikh Nahyan and Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief
Executive Officer of Emirates airline and group, and Chairman of Dubai World,
presented the awards.
Addressing an IOD session on the first day, Dr. BR Shetty, founder and Chairman,
NMC Healthcare and UAE Exchange, said constant innovation, cost-consciousness,
encouraging innovative ideas and treating everyone with love and respect would
help any business grow and flourish.
Talking on "Enterprise Governance: Visionary Boardroom Leadership," Shetty said
his simple rule of governance came from his mother's teachings that "do whatever
you wish and go wherever you may desire, but ensure that you do good to at least
ten people around you."
"To me the governance of the enterprise has only meant to be making the lives of
people better and comfortable. They in turn 'govern' your wellbeing. There was a
time that I used to remember all the names of all of the employees. Not only
that, I used to remember what their parents are and where their children are
studying," Shetty recalled.
He said the same principle applies to boardroom leadership. "My goal is to
ensure the best returns to my shareholders and once I am proved right the board
follows me in every step that I undertake as they have confidence in my decision
making," said Shetty.