scholarly journals Governance of Formal Zakat institution in Saudi Arabia

2019 ◽  
Vol 4 (2) ◽  
pp. 23-40
Author(s):  
Abdulsalam Ahmed Sawmar ◽  
Mustafa Omar Mohammad
Keyword(s):  
Saudi Arabia ◽  
Content Analysis ◽  
Good Governance ◽  
Qualitative Interviews ◽  
Relevant Literature ◽  
Control Mechanisms ◽  
Diverse Backgrounds ◽  
Lack Of Control ◽  
Governance Practices ◽  
Practical Implications

This study investigates the issues pertaining to governance practices of the formal zakat institution in Saudi Arabia, GAZT. It also attempts to develop a framework which explains how to improve zakat compliance through good governance. In order to achieve its objectives, the study employs a content analysis of relevant literature and qualitative interviews. Specifically, a total of 21 interviews were conducted with zakat experts in Saudi Arabia who represent diverse backgrounds to explore the issues and factors related to zakat governance-compliance relationship. The findings of the interviews’ analysis suggested several issues that likely affect zakat payers’ compliance in the Saudi context. These issues included the lack of control mechanisms that guarantee zakat payers’ compliance, the perceived image of the GAZT role in relation to zakat, the lack of trust, and issues affecting the perceived procedural fairness. In addition, the analysis of the qualitative interviews was used to develop a framework that explains how to improve zakat compliance through good governance. This study contributes to the literature by investigating governance issues and challenges to improving zakat payers’ compliance. Also, it provides practical implications for zakat administrators, especially in Saudi Arabia, to address these issues and improve the effectiveness of the zakat authority.

scholarly journals Editorial: Practical implications of governance and regulation

2021 ◽  
Vol 10 (2, special issue) ◽  
pp. 192-194
Author(s):  
Branka Mraović
Keyword(s):  
Western Europe ◽  
Good Governance ◽  
Special Issue ◽  
The Balkans ◽  
Regulatory Frameworks ◽  
Governance Practices ◽  
The Usa ◽  
Market Opportunities ◽  
Written Word ◽  
Practical Implications

The authors of papers in this special issue of the Journal of Governance and Regulation come from different parts of the world such as West and South Africa, South and Southeast Asia, the Middle East, the Balkans, Western Europe, and the USA, and offer interesting, vivid and educational experiences how countries with different economic, political, cultural and regulatory frameworks deal with global challenges, testifying that the universalism of science and good governance practices transcend geopolitical conflicts and divisions. Each of these papers sheds light on some aspect of governance and provides financiers, investors, regulators, scientists, managers, professionals, students, and other interested readers with useful insights into the market opportunities and challenges of developing countries. The practical implications of these academically written papers are supported by a solid research methodology that ensures the credibility of the written word and calls for new empirical verifications.

Review of Saudi Arabia company law reforms and its implications on corporate governance framework- an evidence from emerging market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lubna Javed Rizvi ◽  
Zahid Hussain
Keyword(s):  
Corporate Governance ◽  
Saudi Arabia ◽  
Financial Management ◽  
Good Governance ◽  
Emerging Market ◽  
Relevant Literature ◽  
Company Law ◽  
Content Type ◽  
Governance Framework ◽  
Vision 2030

Purpose This paper aims to review the literature of CG regime in Saudi Arabia, an emerging market for several compelling reasons. Most of the earlier literature on corporate governance subjects mainly aimed at large emerging economies. To date, there is a lack of studies examining the following: authorities and obligations, subcommittees and the regulatory system in Saudi Arabia. Therefore, this paper is an attempt to bridge this gap by reviewing the current laws, regulation, trends and key reforms in corporate governance framework in the country as the current amended laws focused to offer more competence and precision to the regulatory setting in line with the development of the Saudi Arabian stock market and the influx of foreign reserves. Design/methodology/approach The current paper has espoused a content analysis approach in which relevant literature was deliberated and studied. Findings The amended CG rules include some developments into corporate governance and substitutes the earlier version of the long overdue regulation of 1965. The new 2017 implemented Code will reinforce the implication of good governance as a condition model for accomplishing good financial management in the country. This study has provided an overview of the evolution and development of corporate governance in Saudi Arabia by highlighting the key reforms. Research limitations/implications This study has implications for the policymakers and institutional bodies to review the current developments and progress in the country’s overall corporate governance framework in an attempt to attract more foreign direct investment. Saudi Arabia is among the nations that have a potential for huge foreign investments due to its plan of expanding its economy “Vision 2030.” Therefore, this paper will aid foreign investors in deciding to invest in the country after reviewing the current developments in an attempt to implement vision 2030. Originality/value This study contributes to existing literature by examining the current trends in CG, with the discussion on the development of company law in Saudi Arabia which emphasizes on sections that borders on corporate governance.

Governance Practices and CEO Hubris

2021 ◽  
pp. 161-182
Author(s):  
Paola Ferretti ◽  
Cristina Gonnella
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Internal Control ◽  
Financial Distress ◽  
Good Governance ◽  
Power Dynamics ◽  
Control Mechanisms ◽  
Managerial Entrenchment ◽  
Governance Practices

This chapter analyzes the connection between CEO hubris and corporate governance contingencies, including a case study of an Italian bank for which the state of financial distress shall be linkable also to bad governance. The main objective is to verify whether, in presence of hubristic CEO, the internal control mechanisms, set to ensure the board vigilance and limit the overconfidence of the leader, are implemented, and if so, whether such mechanisms, even when formally respected, may be not so appropriate to guarantee a good governance. Particularly, the existence of a CEO hubris could neutralize their positive expected balancing effects on the power dynamics between CEO and board, such as to give prevalence to substance over form. Therefore, it may occur that some governance mechanisms (e.g., independence, non-duality), even if formally implemented, are unable to stem the managerial entrenchment of the CEO, who succeeds in enhancing immoderately his substantial power in the decision-making process.

Smart City Governance

2019 ◽  
pp. 1417-1453
Author(s):  
Maria do Rosário Matos Bernardo
Keyword(s):  
Decision Making ◽  
Content Analysis ◽  
Good Governance ◽  
Smart Cities ◽  
Future Research ◽  
Extensive Literature ◽  
Governance Practices ◽  
Smart Governance ◽  
Different Levels ◽  
Public Decision

Smart governance is one of the characteristics of smart cities, having its roots in e-government, in the principles of good governance, and in the assumptions of citizens' participation and involvement in public decision-making. This chapter aims to answer the question: “What smart governance practices are being implemented in smart cities” through an extensive literature review in the areas of e-government, good governance, smart cities and smart governance, and content analysis of the websites of seven smart cities: Amsterdam, Barcelona, Copenhagen, Lisbon, Manchester, Singapore, and Stockholm. The objective was to identify the presence of factors related with e-participation; e-services; and public administration functioning on the cities' websites. The chapter ends with directions for future research and the conclusion that all the smart cities analyzed presented some factors related with smart governance, but with different levels of development and application.

Smart City Governance

2017 ◽  
pp. 290-326 ◽  
Author(s):  
Maria do Rosário Matos Bernardo
Keyword(s):  
Decision Making ◽  
Content Analysis ◽  
Good Governance ◽  
Smart Cities ◽  
Future Research ◽  
Extensive Literature ◽  
Governance Practices ◽  
Smart Governance ◽  
Different Levels ◽  
Public Decision

Smart governance is one of the characteristics of smart cities, having its roots in e-government, in the principles of good governance, and in the assumptions of citizens' participation and involvement in public decision-making. This chapter aims to answer the question: “What smart governance practices are being implemented in smart cities” through an extensive literature review in the areas of e-government, good governance, smart cities and smart governance, and content analysis of the websites of seven smart cities: Amsterdam, Barcelona, Copenhagen, Lisbon, Manchester, Singapore, and Stockholm. The objective was to identify the presence of factors related with e-participation; e-services; and public administration functioning on the cities' websites. The chapter ends with directions for future research and the conclusion that all the smart cities analyzed presented some factors related with smart governance, but with different levels of development and application.

Achieving sustainable development by enhancing the quality of institutions in Saudi Arabia

2021 ◽  
pp. 026858092199332
Author(s):  
Bassam A Albassam
Keyword(s):  
Economic Development ◽  
Saudi Arabia ◽  
Human Development ◽  
Good Governance ◽  
Strategic Plans ◽  
Governing System ◽  
Governance Practices ◽  
Vision 2030 ◽  
Development Plans

Economic and human development have been central to all of Saudi Arabia’s strategic plans since 1970, yet the country has not managed to achieve a sustainable rate of development. This study analyzes the most significant governmental dimensions in Saudi Arabia’s economic and human development. This research focuses on helping decision-makers to accomplish and sustain the outcomes of the country’s specific development plans (e.g., Vision 2030). The study uses data collected in the Kingdom of Saudi Arabia from 1996 and 2017 and cubic regression analysis to answer the research questions: Is there a relationship between good governance practices and economic development (i.e., economic growth and human development) in Saudi Arabia? Which good governance factors are the most significant for Saudi Arabia’s economic development? The results agree with the extant literature on Saudi Arabia and other developing countries, which suggests that the Saudi government needs to augment governmental effectiveness, control corruption, and enhance its accountability levels to create and maintain an efficient and effective governing system.

scholarly journals UK governance at the time of the financial crisis: Calls for change

2009 ◽  
Vol 6 (4) ◽  
pp. 568-574
Author(s):  
Suzanne Young ◽  
Vijaya Thyil
Keyword(s):  
Financial Crisis ◽  
Best Practice ◽  
Good Governance ◽  
Qualitative Interviews ◽  
Stakeholder Involvement ◽  
Economic Recession ◽  
Executive Remuneration ◽  
Governance Practices ◽  
Key Factor ◽  
The Uk

The financial crisis in the UK began in late 2008 and the consequential economic recession has brought to the attention of media, commentators, policy makers and academics the importance of corporate governance. This research explores UK governance, what it means, what are its influences and how it is changing at the time of this financial crisis. The researchers conducted a series of qualitative interviews in five UK companies across a spectrum of industries (including institutional investors) in late 2008. Three key propositions were investigated: Proposition 1 is that board characteristics, the importance of which are pronounced by agency theorists are not the only key factor in „best practice‟ governance. Proposition 2 is that shareholders and stakeholder involvement in governance will improve governance practices. Proposition three is that key to understanding governance failures is examining cognition and behaviours inside the black box of decision-making. Propositions two and three were supported by the interviews. The main conclusions are that the importance of good governance in establishing trust again at the time of the financial crisis is key and changes seem to be called for in a number of areas: in enhancing shareholder voice; better disclosure in explaining variations to the application of the principles of the Combined Code, in explaining risks, and in how decisions are made; and ensuring that executive remuneration is more clearly linked to profits, costs of capital and risk and reflects long-term value creation.

scholarly journals Corporate governance practices and the pandemic crisis: UK evidence

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sheeja Sivaprasad ◽  
Sudha Mathew
Keyword(s):  
Corporate Governance ◽  
Content Analysis ◽  
External Information ◽  
Case Study Approach ◽  
Content Type ◽  
Study Approach ◽  
Governance Practices ◽  
The Impact ◽  
Practical Implications

Purpose This paper aims to investigate the impact of the COVID-19 pandemic on the corporate governance practices in the UK. The authors adopt a case study approach and use content analysis, using internal and external media releases as well as annual reports to analyse the impact of the pandemic on governance practices. Design/methodology/approach The research design is qualitative in nature and adopts a case study approach. HSBC, an international bank, is used as the case study and a content analysis of internal and external information released after the COVID-19 outbreak is used. Themes arising from the analysis are discussed and recommendations are made. Findings Results from the thematic analysis show that firms must be resilient in difficult times, follow sustainable practices and are attentive to the well-being of their employees. Firms must address the adequacy of IT Infrastructure and assess the IT related risks during these times. Practical implications The pandemic crisis triggered unprecedented changes in the manner the firms are governed and managed. The recommendations made by the study have practical implications for firms who can adopt them to be make the business resilient and sustainable. Originality/value To the best of the authors’ knowledge, this is the first study to explore the impact of the pandemic and analyse firms’ responses to the crisis in the corporate governance context. This study contributes to the corporate governance literature by providing insights of the impact of the COVID-19 pandemic.

Smart City Governance

2019 ◽  
pp. 196-232 ◽  
Author(s):  
Maria do Rosário Matos Bernardo
Keyword(s):  
Decision Making ◽  
Content Analysis ◽  
Good Governance ◽  
Smart Cities ◽  
Future Research ◽  
Extensive Literature ◽  
Governance Practices ◽  
Smart Governance ◽  
Different Levels ◽  
Public Decision

Smart governance is one of the characteristics of smart cities, having its roots in e-government, in the principles of good governance, and in the assumptions of citizens' participation and involvement in public decision-making. This chapter aims to answer the question: “What smart governance practices are being implemented in smart cities” through an extensive literature review in the areas of e-government, good governance, smart cities and smart governance, and content analysis of the websites of seven smart cities: Amsterdam, Barcelona, Copenhagen, Lisbon, Manchester, Singapore, and Stockholm. The objective was to identify the presence of factors related with e-participation; e-services; and public administration functioning on the cities' websites. The chapter ends with directions for future research and the conclusion that all the smart cities analyzed presented some factors related with smart governance, but with different levels of development and application.

What do marketers post on brands’ Facebook pages in Islamic countries?

2019 ◽  
Vol 10 (4) ◽  
pp. 1272-1287
Author(s):  
Mohammad Hatim Abuljadail ◽  
Louisa Ha
Keyword(s):  
Saudi Arabia ◽  
Content Analysis ◽  
Design Methodology ◽  
Arabic Language ◽  
Content Type ◽  
Global Brands ◽  
Product Categories ◽  
Informative Content ◽  
Facebook Pages ◽  
Practical Implications

Purpose This paper aims to investigate the “posting” behavior of marketers on brands’ Facebook pages and whether these “posting” behaviors differ between local and global brands in Saudi Arabia. Design/methodology/approach The study randomly selected a total of 400 Facebook brand page posts from a matching sample of top 20 global and 20 local brands in Saudi Arabia using content analysis. Findings One of the notable findings show that global brands are more likely to post content that consists of prizes/giveaways, games/competitions and socializing than local brands, while local brands are more likely to post informative content than global brands. The findings also show that local brands are more likely to use content that includes Islamic messages, women in modest clothing, Arabic language and Saudi dialect than global brands. Research limitations/implications This study is limited to 20 global and 20 local brands. More product categories are needed. Practical implications The findings of this study have implications for marketers in regards to what types of communication content is more likely to be posted on brands’ Facebook fan pages in Saudi Arabia – especially for those global brands that are interested in having a localized brand Facebook fan page for Saudi Arabia. Originality/value The first study to compare Facebook strategies used by global brands and local brands in the same market.

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