Excellence in Corporate Governance

Why Attend

The concept of governance has recently become increasingly popular in the public sector due to its significant impact on improving and sustaining the operations of any organization. According to the Arabic Language Academy, governance is synonymous with good management. Its origins stem from the ancient Greek word "governance," which expresses the ability of a ship's captain to steer it safely to shore, thanks to his sense and skill in preserving the lives and property of passengers. Governance is defined as a set of systems and controls that regulate relationships between stakeholders and achieve a set of principles such as justice, transparency, and equality. Governance begins its practice by building an integrated governance system, defining behaviors that serve its interests, and urging leaders to make ethical decisions. Governance practices rely on formal controls such as legislation, regulations, and laws, which forces governments and organizations to leverage this role to produce an effective model that achieves good results and eliminates unfavorable models. This enables governments and organizations to achieve efficient performance and the ability to make decisions with high commitment and a sufficient degree of accountability and transparency. This is the clear impact of implementing a governance system. Its impact is clearly reflected through consistent management and clear, coherent policies. Thus, the effective application of governance contributes to the increased development of the economies of countries and their organizations.