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Corporate governance
What is corporate governance in Saudi Arabia ?
Corporate governance is the system established within a company that determines how it is managed, directed and controlled. Corporate governance includes a set of laws, practices and principles aimed at balancing the interests of shareholders (such as shareholders and bondholders) and the interests of Management, Executives, Partners and other employees of the company.
Why move towards governance ?
Corporate governance aims to ensure transparency and integrity in the management of the company, promote accountability and protect the rights of shareholders and investors. Governance seeks to achieve efficiency in the management of the company and enhance trust between investors and partners .
The benefits of corporate governance for companies
Corporate governance can be achieved by defining the role and responsibilities of both the executive management, the board of directors and shareholders, establishing mechanisms for monitoring the company’s performance and making critical decisions. The principles of corporate governance also include promoting integrity and transparency in financial reporting and ensuring that the company complies with local and international laws and regulations.
If the corporate governance system is implemented well, this can contribute to strengthening trust between investors and shareholders, increase the attractiveness of the company to new investors, thereby enhancing its stability and sustainable growth.
Corporate governance is important in increasing trust and stability in building the company’s trust with the public and investors, which increases business stability and enhances growth opportunities, as well as improves corporate performance of management efficiency and operational performance of the company, which leads to improved profits and sustainability, and of course, protecting the rights of shareholders and investors, corporate governance is a way to protect the rights of investors and shareholders and ensure fair distribution of profits .
Corporate governance services at Al Othman law firm
At Al Othman lawyers and consultants, we ensure the proper functioning of corporate governance to achieve a balance between the interests of investors, partners and shareholders .
Al Othman lawyers and consultants are one of the leading companies in corporate governance and providing specialized legal services in the field of corporate governance.the office provides high-quality legal services expertise to small and large companies alike.
Al Othman company’s services include lawyers and consultants consulting on the preparation and application of effective corporate governance policies and providing specialized training programs and orientation sessions to help companies implement governance practices effectively
We also assist companies in reviewing legal compliance and updating policies and procedures in compliance with legislation
We provide support in the preparation of annual governance reports and sustainability reports.
When you are looking for a professional legal partner in the field of corporate governance, you can rely on Al Othman lawyers and consultants for the services provided by the company to ensure the application of best governance practices in your company, which enhances the chances of success and sustainability.
Accreditations of Al Othman company lawyers and consultants in the field of companies
- Accredited to the Ministry of Justice
- Accredited by the Ministry of investment
- Accredited by the Center for attribution and liquidation
- Certified in commercial arbitration
- Accredited by the General Directorate of documentation
- Accredited by the Capital Market Authority
Achievements of Al Othman company lawyers and consultants in the field of companies
- Providing legal advice to the environmental rehabilitation project of Wadi Hanifa, which is worth more than SAR 6 billion
- Contributed to strengthening corporate governance of four global companies
- Conclusion of a deal between a local company specializing in oil and an international company, the value of the deal exceeds 81 million Saudi riyals
- Commercial arbitration in more than 25 commercial cases
- Resolving a dispute between partners in a commercial franchise between two institutions the value of the dispute exceeds 6 million riyals
- Resolving a dispute between partners in an international company whose dispute value exceeds SR 40 million
- Commercial arbitration in a dispute between local partners and investors, the value of the dispute exceeds SAR 105 million
In conclusion, corporate governance is an essential element for success and sustainability in today’s business world by guiding companies towards better and more transparent practices, enhancing trust and achieving sustainable growth depending on the legal services provided by Al Othman office lawyers and consultants can be the right step towards achieving the governance goals of your company.
To book an appointment or request legal advice from the best corporate governance experts in Saudi Arabia, we are glad to hear from you…