Riqueza for Financial Consultancy guides and helps the companies apply governance policies

About Governance

What is Governance?

Rules, regulations and procedures that best protect and balance the interests of the directors of the company, its shareholders and other related stakeholders, ie, the existence of systems governing the relations between the principal parties in the company ( board members, executive management, shareholders, etc.) to achieve transparency, justice and  anti-corruption. It aims at granting the right of company's accountability to protect shareholders and ensure that the company is working to achieve its objectives and long-term strategy. It is a set of laws and systems aimed at achieving quality and excellence and selecting appropriate and effective methods to accomplish the plans and objectives of the company or institution, it also includes long term strengthening elements of institution and specifies persons in charge and their responsibilities. 

Advantages of Corporate Governance

1-   Development of investment climate and increase of economic growth in general.

2-   Absolute Protection of rights, such as protecting the rights of shareholders, owners, employees, and dealers such as customers, creditors, suppliers and state agencies. Such protection shall incorporate society as a whole and the environment surrounding the company.

3-   Achievement of the best possible rates of sustainability for the companies.

4-   Improvement of the operation efficiency and performance monitoring.

5-   Provision of financing and reduction of the cost of capital.

6-   Reduction of the impact of risks and crises.

7-   Working on avoiding conflict of interest in transactions of internal shareholders and related parties.

8-   Helping family-owned businesses to transform into an institutional form.

Through the implementation of corporate governance, closed joint-stock companies will be able to easily register their securities in the stock exchange, which requires their shareholders and departments to follow the application of governance in preparation for registeration in the stock market. The proper qualification of public offerings or registration in the Stock Exchange is achieved through the proper application of the principles of governance.