7 CMA Board Governance Regulations Approved to Increase Level of Efficiency

The Saudi Capital Market Authority (CMA) Board of Commissioners approved 7 regulations and policies pertaining to the roles and responsibilities of CMA’s Board and its committees. These regulations and policies are designed to improve the regulatory and supervisory performance of the authority, increasing the level of efficiency in decisions making and leveraging on commissioners’ experience in the CMA’s main responsibilities including dealing with internal and external risks, policy development, identify and develop strategies and performance monitoring tools, increase participation in international affairs, and effective communication with external stakeholders. The CMA Board of Commissioners’ implementation of the governance regulations seeks to enhance best practices in corporate governance, with the goal of improving the performance of the Authority in its regulatory and supervisory roles.