Abdullateef M
Saudi Arabia
Research Article
Corporate Governance and Board of Directors Responsibilities: The Case of Saudi Arabia
Author(s): Zerban AM, Abdullah M and Abdullateef MZerban AM, Abdullah M and Abdullateef M
Compliance with rules and regulations is very critical and important issue when organizations are infusing a culture of honesty and integrity in business. Commitment of board of directors and willing of top management and employees to strength corporate governance facilities the role of compliance officers. Failure to adhere to compliance function will increase operational risk and hence impacting interests of stakeholders. Corporate governance is a cornerstone in improving economic efficiency and growth in order to attract investors and gain their confidence. Saudi Arabian Monetary Agency (SAMA) which is the central bank in the Kingdom of Saudi Arabia with Capital Market Authority is thriving continuously to strength corporate governance rules for banks and financial institutions. One of the circulars for banks and financial institutions is the requirements for appointments of senior.. View More»
DOI:
10.4172/2472-114X.1000171