Case study: How the Saudi Investment Bank gains and preserves public trust through effective corporate governance practices
As one of Saudi Arabia’s leading financial institutions, seeking to ensure economic stability and growth for employees, shareholders, customers, and Saudi Arabia, the Saudi Investment Bank (SAIB) strives, through effective corporate governance practices, to embrace and promote transparency, gaining and preserving public trust.
Abstract
Ensuring public trust and confidence in the Saudi Investment Bank (SAIB) and in the banking system as a whole is key for SAIB in building a successful, sustainable business. In order to gain and preserve public trust through effective corporate governance practices, SAIB took action to:
• monitor compliance, assess risks and opportunities through the Board of Directors
• comply with governance requirements set out by national and international authorities and agreements
• assess the effectiveness of corporate governance practices
• implement a Code of Conduct and Ethics
Using the GRI Standards in order to maintain and increase the value of your company
With each publication in this series the FBRH team will highlight one key impact identified by a company reporting in accordance with the GRI Standards and show how it has taken a structured, systematic approach to improving performance. With such positive action companies build trust, by dealing responsibly and conscientiously with their impact on the environment and on their stakeholders (e.g. clients, suppliers, shareholders, local communities, NGOs or local government). Stakeholders that can hold it back or stop it from reaching its objectives
By building trust your company creates loyalty and long-term commitment to its services and brands
