الهيئة العامة للرقابة المالية

Corporate governance is crucial in boosting climate investment and benefits companies and their shareholders. Corporate governance improves the efficiency of financial markets through a raft of its instruments, namely:

·       Application of international accounting and auditing standards.

·       Formation of independent and effective audit committees.

·       Conducting regular internal and external audits.

·       Implementing principles of transparency and full disclosure of financial information.

·       Adopting Effective risk management practices.

·       Establishing a sound governance framework for the Board of Directors.

The full implementation of governance instruments helps in:

·       Increasing disclosure and transparency.

·       Provision of valuable financial information to various market stakeholders.

·       Reflecting stakeholder confidence.

·       Enhancing efficiency of the securities market.

  Benefits of Corporate Governance:

·       Improve the efficiency of corporate management.

·       Boost investor confidence.

·       Reduce capital cost.

·       Increase the market value of companies.

·       Enhance governance of the capital market.

Corporate governance is a shared responsibility among all company stakeholders, including the board of directors, executive management, shareholders, investors, creditors, employees, and the community, which plays a crucial role in ensuring the company’s operations are in line with societal values and expectations.

By implementing corporate governance principles, companies cannot only create a more attractive investment environment but also pave the way for long-term benefits for all stakeholders. This forward-thinking approach can lead to a more sustainable and prosperous future for the company and its stakeholders.