GOVERNANCE IN LOCAL COMPANIES
By EXCPR™ for Strategic Consultant
The Governance is one of the basic tools for the
modern business, which is use to keep a company work in high level of integrity
and at the same rate of efforts for longer period. Thus, it is more about
applying practices and philosophy at high level of standard of excellence. Then,
the governance is the point that will participate the company’s owner requirement
with the management, employee, government and social together.
In this regard, the founder and MD for EXCPR™
consultancy services firm –Mr. Nayef Abduljalel Bastaki –said, that the company
is initiate a project which it works to apply such Governance element in the
region companies to observe such benefits and opportunities. Thus, the first
stage of such project will discuss the present of data and reference to have
the same background in each organization, while the second stage is more about
number and measurement.
At the
same time, the Capital Markets Authority in the state of Kuwait apply its
standards for governance which is contain more than 300 elements, to be follows
by the related companies.
The following
are the main concepts of the governance in the country:
·
Structure of organization
·
Efficient leadership and
management
·
Roles and responsibility
·
Impartiality
·
Internal audits
·
Risk management
·
Code of conduct
·
Social responsibility
Finally,
Mr. Bastaki said that the governance subject is one of the important concept in
today’s business, which is a must to be follow in order to follow the growing
modern organization in the world.
P.O. BOX 21407 – SAFAT 13075 KUWAIT
Tel: +965 600-excpr (600-39277)
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