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What & Why Corporate Governance

Corporate Governance

As organizations in the Middle East & North Africa region are realizing more and more the hefty cost implications of silo work within their own respective functions and the dilution of efforts, resources and competitive advantage, they realize the importance of building a Governance Framework in achieving Competitiveness & Growth by improving effectiveness & efficiency and addressing the modern challenges. (OECD (2019), Corporate Governance in MENA: Building a Framework for Competitiveness and Growth, Corporate Governance, OECD Publishing, Paris, https://doi.org/10.1787/2a6992c2-en)

What & Why
Corporate Governance

Corporate Governance is a Framework that enhances the performance of the management, promotes internal control & identifies the roles, rights & responsibilities of all internal & external stakeholders to deliver the desired output.

Corporate Governance sets the Objectives & Policies, builds the Culture, sets the Values and nurtures Accountability within the defined & measured Performance.

Corporate Governance connects with Risk Management and Compliance as an output for the desired Future State from Strategy definition, Functional Structure, Systems & Processes and People.

In simple terms, Corporate Governance is the "WHAT” mandated by the Board (Strategic Planning & Leadership) for the "HOW” delivered by the Management Team.

Governance – Risk - Compliance

Integrating Risk & Compliance with Governance

When managed separately, Governance, Risk & Compliance pose a threat to achieving Business Objectives. Alternatively, their Integration leads to a holistic unit that benefits the organization across its different arms. According to the OCEG® GRC maturity survey 2020*, 93% of organizations said that GRC integration benefits, met or exceeded expectations. *Every two years, OCEG® publishes a report on GRC maturity in companies. If you want to see more detailed data, you can find a summary of the report here.

Governance

The alignment of processes and actions with the organization's Business Objectives that allows the organization’s direction, through strategy and policy, to monitor the performance and evaluate outputs.

Risk

An event (or a series of) with harm or loss potential impacting the achievement of the Business Objectives. Risk Management is controlling these events by identifying, analyzing and establishing mitigating protocols.

Compliance

Adhering to the guidelines - set and regulated by - relevant authorities & respective industry bodies. This enables Business Objectives realization within regulatory requirements, & beyond industry standards.

Our Expertise & Sector Services

  • Strategic Planning Facilitation

    To help Boards and the Executive & Leadership teams to visualise and achieve organizational goals.

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  • Advisory Boards Establishment

    To oversee the growth of wealth whether it is a legal requirement or not, establishing a Board of Directors is fundamental in steering the organization and prepating it for it's FutureState.

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  • Governance Framework & Reviews

    For IPO to ensure profitable and stable returns for the shareholders.

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  • Board and Committee Charters, Policies and Director Handbooks

    To clearly establish the role of the Board and the delineation between Governance, Management, and family matters.

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  • Board Succession Planning & Transitions Phases

    To fulfill the needs of growth or fill sudden unexpected vacancies.

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  • Governance, Risk & Compliance (GRC) Audits

    To ensure all capabilities are operating effectively.

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