Skip to main content
Mobile
  • Finance, Accounting & Economics
  • Global Business Management
  • Management, Leadership & Organisation
  • Marketing & Sales
  • Strategy
  • Technology & Operations
HS Talks HS Talks
Subjects  
Search
  • Notifications
    Notifications

    No current notifications.

  • User
    Welcome Guest
    You have Limited Access The Business & Management Collection
    Login
    Get Assistance
    Login
    Forgot your password?
    Login via your organisation
    Login via Organisation
    Get Assistance
Finance, Accounting & Economics
Global Business Management
Management, Leadership & Organisation
Marketing & Sales
Strategy
Technology & Operations
You currently don't have access to this journal. Request access now.
Practice paper

A review of corporate governance in the Saudi Arabian insurance sector

Shanar Shafi Alsuyayfi, Rasidah Mohd Said, Roslan Ja'Afar and Ali Albada
Journal of Risk Management in Financial Institutions, 16 (3), 293-303 (2023)
https://doi.org/10.69554/PTGV4942

Abstract

This research aims to highlight the gaps in literature on corporate governance and risk management, and their impact on organisational performance in Saudi Arabia, specifically in the insurance sector. Existing studies that measure such relationships are limited. Moreover, the literature has revealed several constraints in the Saudi Arabian corporate governance environment that exacerbate the challenge associated with regulatory set-up, compliance and the detection of any changes in corporate governance procedures. Considering the `great` importance of the insurance sector in the Saudi economy, and the important role of corporate governance in regulating the insurance business, the study proposes that policy makers and regulators develop policies and regulations that would ensure that firms implement appropriate risk management strategies to improve the performance of the insurance industry in Saudi Arabia. Finally, the policy makers should focus on strengthening Takaful insurance because it has much potential due to its risk-averse characteristics.

Keywords: financial performance; corporate governance; board of directors; board independence; audit committees

The full article is available to subscribers to the journal.

Already a subscriber? Login or review other options.

Author's Biography

Shanar Shafi Alsuyayfi is a PhD student at the UKM Graduate School of Business, Universiti Kebangsaan Malaysia. He holds a Master of Commerce (Finance) from the University of Adelaide, Australia, obtained in 2012, and a Bachelor of Business (Finance), from Auckland University of Technology, New Zealand, obtained in 2009.

Rasidah Mohd Said Dr Rasidah Mohd Said is an associate professor based at the Graduate School of Business, Universiti Kebangsaan Malaysia. She holds a Doctor of Business Administration (DBA) obtained from Universiti Kebangsaan Malaysia in 2003, an MSc in Actuarial Science from the University of Nebraska, USA obtained in 1987, and a BSc in Actuarial Science, also from the University of Nebraska, USA obtained in 1985. She has extensive experience teaching advanced quantitative techniques, managerial finance, financial markets and institutions and a practical guide to the Malaysian equity market. Her research areas are finance and insurance.

Roslan Ja'Afar Dr Roslan Ja'afar is a senior lecturer at UKM-Graduate School of Business, Universiti Kebangsaan Malaysia. He received his Bachelor of Economics (BEc Hons) from Universiti Kebangsaan Malaysia and MBA from Universiti Putra Malaysia. He also received his PhD (business) from Western Sydney University. His major research interests include pension system, bank risk, finance and economics.

Ali Albada Dr Ali Albada is an assistant professor based at Sohar University. He holds a DBA in Finance from the National University of Malaysia and has extensive experience teaching accounting and finance courses at both undergraduate and postgraduate levels, and his research areas focus on initial public offerings (IPOs), environmental, social and governance (ESG) and corporate governance.

Citation

Alsuyayfi, Shanar Shafi, Said, Rasidah Mohd, Ja'Afar, Roslan and Albada, Ali (2023, June 1). A review of corporate governance in the Saudi Arabian insurance sector. In the Journal of Risk Management in Financial Institutions, Volume 16, Issue 3. https://doi.org/10.69554/PTGV4942.

Options

  • Download PDF
  • Share this page
    Share This Article
    Messaging
    • Outlook
    • Gmail
    • Yahoo!
    • WhatsApp
    Social
    • Facebook
    • X
    • LinkedIn
    • VKontakte
    Permalink
cover image, Journal of Risk Management in Financial Institutions
Journal of Risk Management in Financial Institutions
Volume 16 / Issue 3
© Henry Stewart
Publications LLP

The Business & Management Collection

  • ISSN: 2059-7177
  • Contact Us
  • Request Free Trial
  • Recommend to Your Librarian
  • Subscription Information
  • Match Content
  • Share This Collection
  • Embed Options
  • View Quick Start Guide
  • Accessibility

Categories

  • Finance, Accounting & Economics
  • Global Business Management
  • Management, Leadership & Organisation
  • Marketing & Sales
  • Strategy
  • Technology & Operations

Librarian Information

  • General Information
  • MARC Records
  • Discovery Services
  • Onsite & Offsite Access
  • Federated (Shibboleth) Access
  • Usage Statistics
  • Promotional Materials
  • Testimonials

About Us

  • About HSTalks
  • Editors
  • Contact Information
  • About the Journals

HSTalks Home

Follow Us On:

HS Talks
  • Site Requirements
  • Copyright & Permissions
  • Terms
  • Privacy
  • Sitemap
© Copyright Henry Stewart Talks Ltd

Personal Account Required

To use this function, you need to be signed in with a personal account.

If you already have a personal account, please login here.

Otherwise you may sign up now for a personal account.

HS Talks

Cookies and Privacy

We use cookies, and similar tools, to improve the way this site functions, to track browsing patterns and enable marketing. For more information read our cookie policy and privacy policy.

Cookie Settings

How Cookies Are Used

Cookies are of the following types:

  • Essential to make the site function.
  • Used to analyse and improve visitor experience.

For more information see our Cookie Policy.

Some types of cookies can be disabled by you but doing so may adversely affect functionality. Please see below:

(always on)

If you block these cookies or set alerts in your browser parts of the website will not work.

Cookies that provide enhanced functionality and personalisation. If not allowed functionality may be impaired.

Cookies that count and track visits and on website activity enabling us to organise the website to optimise the experience of users. They may be blocked without immediate adverse effect.