Corporate governance

Corporate Governance

A package of procedures, systems, mechanisms, laws and regulations governing the relationship between the parties, and are applied with discipline and transparency to achieve excellence in performance through optimum utilization of the available resources for realization of justice and better benefits to the stakeholders. The International Finance Corporation defines Corporate Governance as "the structures and processes by which companies are directed and controlled."

Family Corporate Governance

"Governance is a prerequisite for owners who wish to preserve both their families and wealth without sacrificing one in favor of the other. There are abundant chances for families who apply the governance system in their companies in terms of maintaining their wealth, growing wealth for the next generations and facilitating their transfer and fair distribution, thus enhancing family bonding and maintaining achievements for the community."

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