From: Ssulayem •MIMIn
To: Jeffrey Epstein <jeeproject@yahoo.com>
Date: Tue, 24 Nov 2009 07:14:53 +0000
Dear Jeffrey
I am intending to send this internaly
Dear Colleagues
As you will be aware, we have been assured by the Dubai Government that we have their full
support as an iconic company implementing the Government's vision for the future. At some
point, this will likely mean we and other Government linked companies will receive funding
to help us weather the current storm.
Consequently, as a matter of good corporate governance, I recently stepped down from the
Board of Dubai Government's holding group Investment Corporation of Dubai (ICD), where I
had been a director for four years. As Chairman of Dubai World, it would have been a
conflict of interest for me to sit on the Board of ICD, because it is the vehicle by which
the Dubai Government will distribute funding support for its iconic companies, including
Dubai World.
My decision to step down from the ICD Board has no impact on Dubai World - in fact, quite
the reverse; it should be taken as a signal that funding may soon be coming.
We at Dubai World, like ICD and the Government of Dubai itself, are committed to the
principles of good corporate governance, which provide the framework for sustainable
success. Our subsidiaries are founded on these principles and they apply to everyone
without exception.
Regards
Sultan bin Sulayem
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