What is corporate governance?

Corporate governance is the set of systems, rules and procedures that structure relationships between the board, executive management, shareholders and other stakeholders, including how decisions are made and supervised.

Core governance principles

Governance succeeds when principles become daily institutional practice, rather than documents retained for compliance alone.

  • Transparency and disclosure.
  • Accountability and defined responsibility.
  • Fairness and protection of rights.
  • Independence and conflict management.
  • Efficient and effective use of resources.

Why it matters in Saudi Arabia

Governance strengthens investor confidence, performance, stakeholder protection and regulatory readiness. It also supports Vision 2030’s goals for a competitive economy and more capable, sustainable institutions.