Over the past few years, Corporate Governance in UAE, both in Private and Public Sector has come under a tremendous deal of scrutiny. The top management and government per se are giving a lot of emphasis to Board of Directors - it starts from ensuring scouting for the right person, selecting the most critical person in the organization, and monitoring the results - which is the ultimate metric on which the Board of Directors and CEOs are evaluated. On 25th November 2009, Dubai’s shocked the Corporate World by its decision to restructure its biggest corporate debtor ‘Dubai World’ and announced that the conglomerate would delay its debt repayment of more than US $59 Billion of liabilities. This will signal a broad Restructuring of the top management and Board of Directors in the corporate landscape of the emirate. UAE has been experiencing unprecedented growth rates, and so has the need for a structured system of corporate governance. History has proven that whenever growth rates are high, so are the Turnover of C-Level executives, especially amongst the Board of Directors. The focal point of this study is the all pervasive role of Corporate Governance in UAE, the ways in which the turnover among Board of Directors changed and the contributing factors for the same.