Abstract

The governance system is responsible for organizing the relationships between the main stakeholders in the organization, especially between the owners on the one hand and the executive management on the other hand, with the aim of rationalizing this relationship and organizing its balance and course of action on solid foundations and pillars of standards of compliance, disclosure, accountability, transparency, and the flow of information between all parties concerned with performance, and maintaining Organizational success and confirmation of the organization’s citizenship, sustainability, and social and environmental affiliation. The outcome of this is fully reflected, whether positive or negative, in the strategy of building, strengthening and instilling confidence in the hearts of customers in all banking and other organizations. Which, in its positive aspect, certainly leads to an increase in the organization’s market share, higher rates of growth in the industrial environment, and the consolidation of its community relations and thus its success and the sustainability of its competitive advantage.

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The article was added to IASJ on 2023-12-03

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