A set of principles, standards, and systems through which companies are managed and their activities monitored to ensure excellence and protection, achieve balance and stability, organize interactions among shareholders, managers, and stakeholders, and safeguard the rights of all parties to ensure the fulfillment of the company’s mission and attainment of its objectives.
Corporate governance aims to enhance the efficiency and effectiveness of organizational management. It provides a stable foundation for a company to conduct its operations with clearly defined roles and responsibilities, and through necessary controls and balances. Therefore, corporate governance is a practical tool and an essential component of successful business practices.
Develop and implement governance regulations for all companies and institutions according to modern principles and concepts, aligning with the requirements of relevant regulations, laws, and guidelines.
Public bodies (government)
Includes ministries, government agencies and institutions.
Private companies & institutions
Includes businesses, both family and public, and non-profit institutions.
Stakeholders:
It includes employees, beneficiaries, customers, and suppliers.
Public bodies (government)
Includes ministries, government agencies and institutions.
Private companies and institutions
Includes businesses, both family and public, and non-profit institutions.
Stakeholders:
It includes employees, beneficiaries, customers, and suppliers.
– Governance enables companies to increase economic efficiency through effective oversight of all their operations.
– It establishes controls that regulate the relationship between managers, the board of directors, and shareholders, which promotes administrative stability.
– It helps to set up an organizational structure that allows for defining the company’s objectives and determining how to achieve those objectives.
– Governance protects the rights of all shareholders, including financial and regulatory rights, such as the right to vote and participate in decisions that may affect the company’s future performance.
– Governance aids in full disclosure of the company’s performance and accurately determines its financial status. It also helps shareholders assess the risks associated with investing in the company.
Protecting the rights of shareholders and stakeholders.
Protecting the interests of all relevant parties associated with the company.
Establishing a structure for distributing all rights and responsibilities between the board of directors and shareholders.
Achieving optimal financial and administrative sustainability for companies.
Ensuring fairness and equality among shareholders of different types.
Providing information with the necessary accuracy and transparency.
Establishing rules and principles related to organizing work within the company to achieve its goals.
Implementing effective regulatory systems to minimize manipulation, conflicts of interest, and unauthorized actions, and to monitor the company's management and board members.
Protecting the rights of shareholders and stakeholders.
Ensuring fairness and equality among shareholders of different types.
Protecting the interests of all relevant parties associated with the company.
Providing information with the necessary accuracy and transparency.
Establishing a structure for distributing all rights and responsibilities between the board of directors and shareholders.
Establishing rules and principles related to organizing work within the company to achieve its goals.
Achieving optimal financial and administrative sustainability for companies.
Implementing effective regulatory systems to minimize manipulation, conflicts of interest, and unauthorized actions, and to monitor the company's management and board members.