KSA - SAMA - Key Principles of Governance in Financial Institutions - 3rd Edition - June 2021

Frameworks

Corporate Governance

Kingdom of Saudi Arabia – Saudi Central Bank (SAMA)

If you wish to understand better the Kingdom of Saudi Arabia’s Saudi Central Bank (SAMA – Saudi Arabian Monetary Authority) Corporate Governance Frameworks, specifically the Key Principles of Governance in Financial Institutions under the Control and Supervision of the Saudi Central Bank – 3rd Edition – June 2021, effective 1st January 2022, then please access the following download.

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Kingdom of Saudi Arabia – Saudi Central Bank (SAMA)

Kingdom of Saudi Arabia – Saudi Arabian Monetary Authority – Key Principles of Governance in Financial Institutions under the Control and Supervision of the Saudi Central Bank – 3rd Edition June 2021. Effective 1st January 2022. Covering:

 

Chapter I:

Definitions and General Provisions

Chapter II: – Key Principles of Governance

1st Principle: Qualifications of Board Members

2nd Principle: Formation, Appointment and Board Affairs

3rd Principle: Responsibilities of the Board

4th Principle: Responsibilities of Executive Management

5th Principle: Committees formed by the Board

6th Principle: Rights of Shareholders

7th Principle: Disclosure and Transparency

Appendix: Governance Controls of The Money Exchange Sector

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