General Description
This training package aims to equip trainees with the theoretical concepts and essential practical skills in the field of the regulatory and legal framework for governance in the Kingdom of Saudi Arabia, and to link them to the organization’s legal form, activities, licensing, and operational compliance in accordance with best international standards and relevant regulatory frameworks.
The training package covers analyzing the structure of the Saudi regulatory environment and the hierarchy of regulatory sources and authorities, exploring the components of the Companies Law and its Implementing Regulations, duties of care and loyalty, conflicts of interest, and financial statements, in addition to studying the corporate governance frameworks applicable to listed joint-stock companies in the financial market, the requirements of the Saudi Central Bank (SAMA), and sector-specific and cross-sector regulatory authorities such as the Insurance Authority, the Saudi Data and AI Authority (Personal Data Protection Law), and the National Cybersecurity Authority.
The training package focuses on developing skills in reading and analyzing regulatory texts and extracting actionable and monitorable obligations, distinguishing between a requirement, an obligation, a control, and evidence, while emphasizing the accurate determination of the scope of applicability, assigning ownership of implementation and internal controls, identifying compliance evidence, and managing regulatory changes and amendments.
The package also includes a systematic study of developing a Regulatory Inventory, an Obligations Register, and compliance mapping, along with practical cases and interactive simulations for financial institutions and listed and unlisted companies in the Saudi environment, with the aim of preparing professionals capable of developing a Regulatory Obligations Map and an integrated governance and compliance framework that meets the needs of contemporary businesses and supports the governance and compliance system.
