Corporate Governance in Saudi Arabia: Strides Towards the Future.
What is Corporate Governance? Corporate governance is a set of rules, systems, and procedures that govern the management of a company and influence its relationship with its shareholders, employees, customers, and the community as a whole. Simply put, it is a set of rules that ensure a company is managed in a fair, transparent, and accountable manner.
The Evolution of Corporate Governance in Saudi Arabia with Vision 2030: Corporate governance is a cornerstone of Saudi Arabia's Vision 2030, which aims to build a thriving economy based on transparency and accountability. The Kingdom has witnessed significant advancements in corporate governance in recent years, including Strengthening laws and regulations and establishing regulatory bodies and Training and raising awareness among officials and also Encouraging companies to adopt governance principles.
In essence, corporate governance is the cornerstone of Saudi Arabia's Vision 2030. By promoting transparency, accountability, and operational efficiency, and by attracting foreign investments, corporate governance is instrumental in building a robust and sustainable economy.
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Collection Officer at Mashreq Bank (MGN) - MBA Holder
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