General UAE Legal Questions LawDecree No. (35) of 2019

Article (1) The following words and expressions, wherever mentioned in this Decree, will have the meaning indicated opposite each of them unless the context implies otherwise: Emirate: The Emirate of Dubai. Law: Law No. (4) of 2016 Establishing the Dubai Economic Security Centre. ©2020 The Supreme Legislation Committee in the Emirate of Dubai 1 Every effort has been made to produce an accurate and complete English version of this legislation. However, for the purpose of its interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text will prevail.

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Decree No. (35) of 2019 Amending Decree No. (21) of 2016 Concerning the Board of Directors of the Dubai Economic Security Centre Page 2 of 3 Executive Council: The Executive Council of the Emirate of Dubai. DESC: The Dubai Economic Security Centre. Board of Directors: The board of directors of the DESC. Chairman: The chairman of the Board of Directors. CEO: The chief executive officer of the DESC. Functions of the Board of Directors

Article (3) a. The Board of Directors is the highest authority of the DESC. It will undertake the general supervision of the work and activities of the DESC and ensure that the duties and powers assigned to the DESC under the Law and the legislation issued in pursuance thereof are duly exercised. In particular, the Board of Directors will have the duties and powers to: 1. approve the general policy of the DESC; and the strategic and development plans, programmes, and initiatives that are conducive to achieving the objectives of the Law; 2. approve the draft annual budget and financial statements of the DESC, and submit the same to the competent entities in the Emirate for final approval; 3. approve the organisational structure of the DESC, and submit the same to the Executive Council for final approval; 4. approve the regulations and bylaws pertaining to the administrative, financial, and technical work of the DESC, including the regulations governing the DESC contracts, projects, and bidding processes; 5. approve the human resources regulation of the DESC employees; 6. approve the services, work, and activities of the DESC; 7. review the annual performance reports of the DESC and take the necessary action in this regard;

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Decree No. (35) of 2019 Amending Decree No. (21) of 2016 Concerning the Board of Directors of the Dubai Economic Security Centre Page 3 of 3 8. form permanent and temporary sub-committees and work teams, and determine their functions, duties, and terms of reference; and seek the assistance of any experts and specialists it deems appropriate; and 9. exercise any other duties or powers required for the achievement of the objectives of the Law. b. The Board of Directors may delegate any of its powers under paragraph (a) of this Article to any of its members or to the CEO, provided that such delegation is specific and in writing. Repeals