Governance Services
Concept of Governance
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.
Includes ministries, government agencies and institutions.
Includes businesses, both family and public, and non-profit institutions.
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.