Conflict of interest is a pivotal issue in modern corporate governance, especially at the board level. It can jeopardize the integrity of management decisions when a board member's personal interest overlaps with the interests of the company they manage. The question often arises as to whether conflict of interest is merely an organizational flaw that can be addressed internally, or whether it is a legal liability that requires accountability under regulations. In this article, we explore the concept.

On the importance of corporate governance

“Governance is no longer just a regulatory luxury, but a strategic necessity to ensure corporate sustainability, enhance stakeholder confidence, and achieve compliance in light of the Kingdom’s Vision 2030.”