Corporate Governance Review In Saudi Arabia
Corporate governance is the foundation of business transparency, accountability, and long-term success. In Saudi Arabia, regulatory authorities and investors are placing greater emphasis on governance frameworks, especially for companies aiming for growth, funding, or IPO readiness. MHK Services offers expert corporate governance review in Saudi Arabia, ensuring that your board practices, compliance structures, and internal controls align with both legal requirements and global standards.
Why Corporate Governance Review Matters In Saudi Arabia With MHK Services
Saudi Arabia’s Capital Market Authority (CMA), Ministry of Commerce, and Vision 2030 initiatives have elevated expectations for corporate governance — not only for listed companies but also for private entities and SMEs. A structured governance framework builds investor trust, reduces risk, and ensures regulatory compliance.
MHK Services helps you assess your current governance model and strengthen key areas such as board oversight, internal controls, and compliance documentation.
What’s Included In Our Corporate Governance Review Services?
We provide end-to-end evaluation and advisory support including:
- Review of board composition, roles, and independence
- Assessment of board committees (audit, risk, nomination)
- Shareholder rights and transparency checks
- Evaluation of internal controls and compliance frameworks
- Conflict of interest and related party transaction policies
- Policy documentation review (code of conduct, ethics, risk)
- Corporate secretarial process evaluation
- Reporting structures and delegation of authority
- Alignment with CMA, G20/OECD, and international governance guidelines
- Governance training and awareness sessions
MHK Services delivers governance reviews that are practical, risk-focused, and regulator-ready.
Is Corporate Governance Review Mandatory In Saudi Arabia?
While governance reviews are mandatory for publicly listed entities under CMA, private companies planning for investment, scaling, or market credibility are also expected to have governance practices in place. CMA and MoC may also request such reviews during licensing, funding rounds, or legal proceedings.
MHK Services ensures your governance structure meets legal expectations and prepares you for future growth or public offering.
Estimated Pricing, Timeline, And Review Process
Estimated Pricing
For SMEs and private companies, governance review projects start from SAR 8,000. For listed or regulated entities, detailed reviews may range between SAR 15,000 to SAR 35,000+, depending on board size, documentation volume, and committee evaluations. A detailed quote is shared based on your company’s structure and compliance level.
Estimated Timeline
A standard governance review can be completed within 2–3 weeks. Comprehensive reviews involving board interviews, committee observations, and control testing may require 4–6 weeks. MHK Services ensures a clear timeline with milestone reporting.
How The Process Works
We begin with a discovery meeting and document request. Our consultants then review governance policies, board structures, and committee effectiveness. Gaps are mapped against legal and international benchmarks. A final report with recommendations and an implementation roadmap is then delivered to the management or board.
Benefits Of A Corporate Governance Review For Saudi Companies
A strong governance framework helps your business:
- Improve board efficiency and oversight
- Enhance transparency for investors and regulators
- Reduce risk of internal fraud or mismanagement
- Prepare for external audits, IPOs, or funding rounds
- Comply with CMA, MoC, and stakeholder expectations
- Build a professional corporate culture
MHK Services ensures that governance is not just a checklist — but a value driver.
Contact Us
Book an Appointment with Us
Schedule a consultation with MHK Services today and discover how our expert Actuarial Valuation and financial consulting services can enhance the accuracy and reliability of your financial records.
What Risks Arise Without Governance Oversight?
Businesses lacking structured governance may face:
- Board conflicts and unclear decision-making
- Compliance violations or delayed reporting
- Misuse of authority or funds
- Investor or shareholder mistrust
- Difficulty in raising capital or going public
- Regulatory fines or suspension in extreme cases
How MHK Services Delivers Reliable Governance Reviews
We provide:
- Industry-specific governance benchmarks
- Detailed board and committee evaluations
- Review of internal audit and compliance systems
- Practical policy and process improvements
- Support in building governance manuals and charters
- Readiness for investor due diligence or listing requirements
Why Choose MHK For Corporate Governance Review In Saudi Arabia?
MHK Services combines local legal knowledge with global governance expertise. Our governance reviews are strategic, actionable, and fully aligned with Saudi corporate laws and CMA guidelines.
Ready To Strengthen Your Corporate Governance Framework?
Let MHK Services review and improve your corporate governance in Saudi Arabia — clearly, professionally, and with your future growth in mind.
FAQ's
A Corporate Governance Review is crucial as it helps ensure your business adheres to ethical standards, regulatory requirements, and best practices. It enhances decision-making, builds trust with stakeholders, and supports long-term success by improving overall governance practices.
MHK conducts a governance review through a comprehensive process that includes creating detailed annual reports, applying best practices for ethical conduct, and enhancing the function of key board committees. We tailor our approach to your specific needs, working closely with your leadership for a focused and effective evaluation.
Our governance review services provide strategic insights, customized assessments, and actionable recommendations. Additionally, we offer ongoing support to ensure your governance practices remain effective over time, helping you achieve sustainable success and compliance with regulatory standards.
MHK helps manage enterprise risks by providing expert analysis and strategic guidance on understanding and defining risk appetite. We offer proactive risk management strategies aligned with your business goals, ensuring resilience and improved strategic decision-making.