Dr. Sami Alwuhaibi Participates in "World Quality Day Forum"
And Presented a Work Paper Entitled "Governance, Concept and Purpose"
D. Sami Al-Wahaibi, founder of Awuael Holding and Assistant Professor of Strategic Management and Family Business at King Fahd University of Petroleum and Minerals, participated at the World Quality Day Forum, organized by the Branch of Saudi Standards, Metrology and Quality Organization, on Thursday, 10 November 2016, with collaboration with the Eastern Province Branch of Saudi Society for Quality, which was held in the organization branch in Dammam, under the patronage of the Governor of the Commission Dr. Saad Algosaibi, under the slogan "Quality is a Global Language of Excellence and Creativity".
Dr. Alwahibi presented a work paper entitled "Governance, Concept and Purpose", in which he referred to the definition of governance between the past and the present and its importance in standardizing procedures and upgrading the performance of enterprises.
The paper reviews a number of themes, the definition of governance, protection system, the integration and separation of ownership and control, and the applications of governance in social, economic and governmental institutions.
The paper also tackles a set of definitions of governance, including family governance, which regulates decision making in the family, helps regulate family's relationship with its institutions and wealth, and corporate governance, laws and standards to recommend and monitor companies and regulate relationships between management, the board of directors, shareholders and other stakeholders.
The paper also discusses the governance of government institutions, namely the exercise of economic and administrative authority to manage state affairs at all levels, including mechanisms, processes and institutions through which citizens and groups express their legal interests and fulfill their obligation and accept mediation to resolve their conflicts.
Dr. Alwuhaibi gave a comprehensive definition of governance, is a system for protecting the assets, earnings and the stakeholder unit of any organization (family, commercial, charity or government).
Dr. Alwuhaibi also discussed governance system, which includes a definition of the Board of Directors, the average number of its members, their supervisors, their responsibilities, the values and ethics of work, and he mentioned four rules of conduct, namely, justice, conflict of interest, use of information and resources, acceptance of gifts and rewards.
Mr. Abdulaziz Almahboob, the head of Saudi Society for Quality, delivered a speech at the forum, in which he stressed the importance of spreading the culture of quality and that it is no longer an option for application only, but has become a demand for excellence and creativity.
Mr. Tames Ali Alhammadi, General Director of the Saudi Standards, Metrology and Quality Authority, delivered the opening remarks on behalf of His Excellency the Governor of the Authority. He said that the celebration of this day "reflects the importance of quality and its important role in the industrial and service sector. In which all competent bodies look forward to spreading and promoting a culture of quality in all societies, strengthening the status of the Saudi economy and activating quality mechanisms in the market, so that quality will ultimately be a key component in achieving the ambitious vision of our benevolent Kingdom, Vision 2030.
At the end of the forum, a discussion session was held by the General Director of the Branch, in which all the speakers participated. Many interventions and questions were posed by participants which has had a great impact on the success of this forum. It is noteworthy that there was a number of employees of the Saudi Authority for Hearing Disabilities and Sawaed Association in the Eastern region among the participants and sign language was used during the Forum to support this group of society.