Al-Ghamdi: Governance and digital transformation are necessary to keep pace with the vision and its objectives
The Chairman of the Board of Directors of the Tamkeen Cooperative Society for Consultation and Training, Muhammad bin Saleh Al-Ghamdi, stressed that governance and digital transformation are among the important steps that companies, large or small, must follow, especially in light of the great development of the national economy in light of the implementation of the 2030 vision. Governance is an important entry point in activating the role of shareholders and facilitating the exercise of their rights. It plays a major role in clarifying the tasks and responsibilities of the Board of Directors and the executive management, as well as its enhancement of control and accountability tools. Digital transformation also comes to give institutions more efficiency in performance and creativity in customer service, stressing that they are any Governance and digital transformation lead to institutional upgrading and thus the ability to compete in a rapidly changing market.
Al-Ghamdi was a guest on Tuesday's meeting at the Asharqia Chamber, Tuesday, October 12, which was attended by Board Member Najib Al-Sihati, and moderated by the Secretary-General, Abdul Rahman bin Abdullah Al-Wabel, and several businessmen, interested people, and specialists in the areas of governance and digital transformation.
Al-Ghamdi pointed out, through a visual presentation, the objectives of governance and its role in raising awareness of the importance of professional behavior at work and urging institutions to adopt and develop it. Those concerned with implementing governance, namely: (shareholders, general assembly, board of directors, executive management, stakeholders), stressing that governance by its application leads to many advantages such as preserving rights, achieving justice, raising administrative efficiency, effective supervision, achieving sustainability, and other advantages.
In the context of digital transformation, Al-Ghamdi said that there is an urgent need for digital transformation as it improves efficiency, reduces spending, accelerates the completion of procedures, and facilitates the completion of operations at any time and from anywhere, pointing out that digital transformation is not limited to a specific field, but can be implemented in many From fields such as education, training, trade, health, media, judiciary, industry, banking, security, and safety.
Al-Ghamdi went on to say that despite the advantages and success factors of digital transformation include, some challenges stand in the way of its implementation, such as creating new business models, redrawing competition arenas, as well as software and services businesses, and providing conscious digital leadership, noting that in a time of The coronavirus has transformed remote work from a mere option to a new, widely accepted work culture, stressing that digitization efforts in organizations are successful when participants in achieving transformation are ready to embrace change for progress and innovation.
