Directors Liability Assessment - KSA - SAMA-CMA

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If you are a Director of an entity under SAMA / CMA, this may affect you directly and personally.

Please ensure that you are adequately protected and, if appropriate, seek professional advice.

We assist you directly with this service in assessing your personal liability exposure position relative to the SAMA/CMA Director requirements that you are mandated to comply with.

Are you serving on a KSA Board, a Director of an entity regulated under SAMA/CMA, the Company Secretary or the Chief Executive Officer or equivalent of your organisation? Perhaps an aspiring “new Director” seeking a Board seat?

Then this GRC Consulting Service is of interest to you personally and will benefit your Board.

We assist you directly with this Service in assessing:

Individual Directors – your liabilities,

The Board – those of your fellow directors,

thereby enabling, for the Board, the establishment of the Board’s:

  1. collective current liabilities position,
  2. establishing the priority areas of strategic importance to the Board that require attention,
  3. an action plan to address shortfalls/make material improvements, and
  4. with the outcome of improving the Board’s capabilities and performance.

All founded on the 71 Director requirements under SAMA / CMA regulations that you are mandated to comply with and provide a tailored Personal Plan to then take Action – to reduce your EXPOSURE / LIABILITY.

Simple to understand, Simple to implement and Simple to use.

Want to work with us?

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

With the Saudi National Transformation 2020 and Vision 2030, there are understandably significant changes taking place both across the Kingdom and, importantly, legislatively, through the issue of news laws and regulations, such as the recent Professional Companies Law.

In seeking to attract Foreign Direct Investment (FDI) and new sophisticated new investors, stimulate local business and update and enhance the fabric of the Kingdom, the demands for enhanced oversight, internationally accepted norms, stricter and improved definitions, ethical and effective governance, and other drivers are contributing to increased pressures, one of which we are focusing upon here, namely increasing Director exposure and liability, which is not expected to reduce, but to continue to increase over time.

It is therefore critical for Directors to:

  • re-evaluate your potential exposures,
  • ascertain your potential positions, and
  • actively plan and take the necessary action,
  • to be prudent, limit exposure and potential liability, and
  • stay out of harm’s way.

This dedicated section aims to expand the Summary of our Services Section, to assist you, the SAMA / CMA Director make the right and sensible choice.

Director Liability Assessment
The Kingdom of Saudi Arabia

We have Challenged the Status Quo and Achieved Simplicity to directly benefit you.

We have thought differently, to solve one of the challenges facing KSA SAMA / CMA regulated Directors for long term benefit.

We are providing a Unique Tailor-made Solution that delivers a Director Liability Assessment DIRECTLY aligned to SAMA / CMA Regulations in beautiful simplicity.

Simple to understand, Simple to implement and Simple to use.

We are Boardroom Leadership Governance, Risk and Compliance Experts.

Want to work with us?

Are you Concerned? Exposed? Do not know where to start to reduce your exposure and liability?

 

Please don’t wait until it is too late and too expensive.

 

Act now and click on the link to receive the GRC Consulting

Director Liability Assessment Service

Reduce your Risk and Liability Exposure now.

Sleep more peacefully, and without liability, because you took

the right action at the right time when no one was looking!!!

Click the link and let GRC Consulting help you reduce your exposure and liability.

 

Our Director Liability Assessment is designed to highlight the Regulated Corporate Governance Requirements

that you, as a Director, under SAMA/CMA, are mandated to comply with.

 

Key incentives and benefits are:

  • Directly and specifically tied to the SAMA / CMA Regulatory requirements (mandated compliance).
  • Quick digital delivery, saving time, money, effort and reducing your liability with a Plan to Act.
  • Generates directly aligned Corporate Governance specific actionable items to reduce your exposure.
  • Tailored to you as an individual Director, letting you plan, take action and sleep at night.
  • Provides individual Director Corporate Governance regulatory compliance positioning.
  • Provides focused points and a documented guide for your actions.
  • Provides a road map for you to action your Liability Exposure Reduction Plan.
  • Provides real value for money.
  • A Service to Reduce your exposure to meet your Liability Needs.

As Corporate Governance Experts within the region, we know of no other directly relevant service offering that delivers direct, one to one, actionable Corporate Governance intelligence for Directors and your personal compliance with the mandatory KSA SAMA / CMA regulatory requirements.

Simple to understand, Simple to implement and Simple to use.

Want to work with us?

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

Your Liability - Why it Matters & Why it can be Costly ...

To highlight: as a Director, you have 2 main Fiduciary Duties, that arise because of your privileged position within the organisation:

  1. Duty of Loyalty, and
      • The duty of loyalty is a responsibility to act in the best interests of the organisation, even when that action may conflict with a personal interest.

2. Duty of Care.

      • The duty of care requires directors and officers to act with the care of an ordinarily prudent person in like circumstances.

The above is simplistic, and you may be exposed to a range of liabilities from many sources.

Therein lies the problem!!!

Our Service is designed to highlight the Regulated Corporate Governance Requirements that you as a Director, under SAMA/CMA are mandated to comply with.

We look at Evidence and Effectiveness, and in doing so, provide you with a Plan to then take Action.

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

Your Liability - How You can begin to Reduce Liability ...

As a very brief summary:

  1. We Distill the 71 Directors Liability Mandatory SAMA/CMA Corporate Governance Requirements.

2. We organise these 71 criteria under 3 areas of Director Liability Exposure.

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

Our Expertise - Director Liability Assessment ...

GRC Consulting understands your concern and importantly, your liability exposure.

We are Boardroom Leadership Corporate Governance experts.

We have a perfect, tailor-made digital solution to assist you.

Delivered electronically, no fuss, no pain, maximum gain.

Delivered in beautiful simplicity.

Simple to understand, Simple to Implement, and Simple to use.

Itemised Reporting tailored to you individually.

Graphical analysis and “heat maps” of your assessment results, identifying your priority action items.

A defensible document to help you plan, act and stay out of liability to exposure.

Provides you with a rated assessment of your exposure to the 71 identified personal Director Liability requirements

under the Corporate Governance Regulated frameworks of SAMA and CMA.

An excellent road map for you to incorporate into your Director Liability Reduction Plan.

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

Our Solution - Director Liability Assessment ...

We are providing a Unique Tailor-made Solution that delivers a

Directors Liability Assessment

DIRECTLY aligned to SAMA / CMA Corporate Governance Regulations.

Our Solution - Directors Liability Assessment - H2

Provides everything you need to show the Regulator

on your Director Corporate Governance Compliance.

Provided by Boardroom Leadership Governance, Risk and Compliance Experts.

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

How it Works - Tailoring the Governance Frameworks ...

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The Process - Director Liability Assessment Service ...

As Corporate Governance Experts within the region, we know of no other directly relevant service offering that delivers direct, one to one, actionable Corporate Governance intelligence for Directors and your compliance with the mandatory KSA SAMA / CMA regulatory requirements.

Simple to understand, Simple to implement and Simple to use.

Want to work with us?

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

Your Benefits - Director Liability Assessment Service ...

Simple to understand, Simple to implement and Simple to use.

Want to work with us?

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

Director Reports Provided - The Start Point for Your Plan ...

1. Online Director Liability Assessment.

2. By Category Summary and Category Results Graph.

  • Category Summary Report (Evident / Effective  Scores + SD’s / Total Score with Summary Stats) + Graphs
    • 1.1. Duties, Roles and Responsibilities
    • 1.2. Independence & Conflicts
    • 1.3. Actions & Conduct
      • Refer opposite for the Graph
      • Refer below for the illustrative Category Summary Report headers

3. SAMA Governance Framework Assessment Compliance Map.

3. CMA Governance Framework Assessment Compliance Map.

4. Individual Director Liability Compliance Sign-off.

  5. Top 10 Improvements

  • Evident Line Report (Evident / Effective + SD’s / Total Score with Summary Stats) + Graphs
  • Effective Line Report (Evident / Effective + SD’s / Total Score with Summary Stats) + Graphs
  • Illustrative Report Header, Fields and Footer with Statistics / Calculations

As Corporate Governance Experts within the region, we know of no other directly relevant service offering that delivers direct, one to one, actionable Corporate Governance intelligence for Directors and your compliance with the mandatory KSA SAMA / CMA regulatory requirements.

Simple to understand, Simple to implement and Simple to use.

Want to work with us?

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

Your Next Steps ...

We are providing a Unique Tailor-made Solution that delivers a

Director Liability Assessment

DIRECTLY aligned to SAMA / CMA Regulations

in beautiful simplicity.

Simple to understand, Simple to implement, and Simple to use.

We are Boardroom Leadership Governance, Risk and Compliance Experts.

Want to work with us?

Click on the website Link to have this service

or contact us on our contact points on the last page.

Talk soon.

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

Your Process - Once you have clicked and purchased ...

In more detail, for your comfort, the process map below outlines the overview step-by-step sequence of events,

from the time you have clicked on the link to purchase this service offering,

through to you receiving the Final Reports that provide you,

with your tailored and personal Plan to then take action.

Please click the “Purchase Now” button opposite to Purchase this Service Offering.

A further Recommendation from GRC Consulting ...

Don’t leave your fellow Board and Directors out and exposed.

Copy them on this.

Let us assist the Board as a whole.

In addition, we provide other valuable Board Reporting, for Board action.

Simple to understand, Simple to implement, and Simple to use.

We are Boardroom Leadership Governance, Risk and Compliance Experts.

Want to work with us?

Click on the website Link to have this service

or contact us on our contact points on the last page.

Talk soon.

To arrange for the Service Offering relevant to the Board, please contact us directly.

Board Reporting - Understanding the Differences ...

Board Reporting differs from that of individual Directors, driven by the following Key factors:

Section and Factor

Driver Implication for Reporting

1.Board of Directors

= Multiple Directors

1.A. Board Scope Summaries.

1.B. Individual Director Summaries. Section – “Director Reports Provided”

1.C. Record of Voting Spreads by Director on each Competency.

1.D. Standard Deviation of Director Voting on each Competency.

1.E. Board Compliance Sign-off by the Chairman of the Board.

The Process - Board Liability Assessment Service ...

As Corporate Governance Experts within the region, we know of no other directly relevant service offering that delivers direct, one to one, actionable Corporate Governance intelligence for the Board and its Directors and your compliance with the mandatory KSA SAMA / CMA regulatory requirements.

Simple to understand, Simple to implement and Simple to use.

Want to work with us?

To arrange for the Service Offering relevant to the Board, please contact us directly.

Board Reports Provided - The Start Point for Your Plan ...

Section 1: Board of Directors

Please Note:

The following Reporting only pertains to the Board’s Reporting.

Each participating Director will receive his individual Director Reporting, as illustrated under the “Director Reporting” section.

1. Online Director Liability Assessment.

2. By Category Summary and Category Results Graph.

  • Category Summary Report (Evident / Effective  Scores + SD’s / Total Score with Summary Stats) + Graphs
    • 1.1. Duties, Roles and Responsibilities
    • 1.2. Independence & Conflicts
    • 1.3. Actions & Conduct
      • Refer opposite for the Graph
      • Refer below for the illustrative Category Summary Report headers

3. SAMA Governance Framework Assessment Compliance Map.

3. CMA Governance Framework Assessment Compliance Map.

4. Board Liability Compliance Sign-off.

5. Top 10 Improvements

  • Evident Line Report (Evident / Effective + SD’s / Total Score with Summary Stats) + Graphs
  • Effective Line Report (Evident / Effective + SD’s / Total Score with Summary Stats) + Graphs
  • Illustrative Report Header, Fields and Footer with Statistics / Calculations

6. Category Summary Detailed Analysis Reports

    • 1.1. Duties, Roles and Responsibilities
    • 1.2. Independence & Conflicts
    • 1.3. Actions & Conduct
      • Refer opposite for the Graph
      • Refer the Graphic below that reflects the reports Sectional Descriptions.

As Corporate Governance Experts within the region, we know of no other directly relevant service offering that delivers direct, one to one, actionable Corporate Governance intelligence for the Board and its Directors and your compliance with the mandatory KSA SAMA / CMA regulatory requirements.

Simple to understand, Simple to implement and Simple to use.

Want to work with us?

To arrange for the Service Offering relevant to the Board, please contact us directly.

Section 2: Board of Directors

7. Board Action Plans

We will provide or agree with you a Template Format to gather Liability Action Planning data for the Top High Priority Liability Improvement Items and or recommend from our prior Reporting, or agree with you, which Liability Improvement Items you wish to Action Plan, for electronic delivery to individual, specified or identified groups of Directors as appropriate. All Directors will have significant latitude to be responsible but also to view fellow Directors Plans etc prior to this step’s completion. The illustration opposite is simply to demonstrate the likely fields and sections for data gathering through our electronic process.

As Corporate Governance Experts within the region, we know of no other directly relevant service offering that delivers direct, one to one, actionable Corporate Governance intelligence for the Board and its Directors and your compliance with the mandatory KSA SAMA / CMA regulatory requirements.

Simple to understand, Simple to implement and Simple to use.

Want to work with us?

Simple to understand, Simple to implement and Simple to use.

Want to work with us?

To arrange for the Service Offering relevant to the Board, please contact us directly.