Corporate Governance and Saudi Vision 2030: Driving Value for the Business Sector

Introduction Corporate governance has become a strategic imperative for Saudi businesses as the national economy accelerates toward the ambitions of Vision 2030. Compliance, disclosure, risk management, and internal controls are no longer mere regulatory checkboxes; they are core drivers of investor confidence, operational efficiency, and market credibility. What is governance and why now? Corporate governance is the framework that organizes the relationships among the board of directors, executive management, shareholders, and stakeholders through policies and procedures that ensure integrity, accountability, and sound decision-making. Saudi Arabia’s regulatory landscape—including the Companies Law (2022), the Corporate Governance Regulations of the Capital Market Authority (CMA), and requirements of the Ministry of Commerce—has strengthened standards on disclosure, shareholder rights, committee structures, and conflict-of-interest management. This evolution aligns with Vision 2030 ob