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Corporate Governance & Qualification for Listing Output #6

Governance Output · #6

Development of Policies & Procedures

Designing and building internal policies, regulations, and operational manuals to transition organizations from individual-based workflows to systematic institutional control.

Transitioning from unstructured management to institutional rigor and well-defined policies is a cornerstone of successful public listing. At Next Dimension, we guide companies in structuring and documenting operational, financial, and HR workflows to guarantee strong internal controls, mitigate operational risks, and fulfill CMA listing criteria.

Policies & Procedures Directory

Select a manual category below to view its key sub-policies, approval lines, and IPO relevance:

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Financial & Accounting
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Operations & Commerce
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Human Resources
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Governance & Compliance

Financial & Accounting

Regulating financial operations and ensuring the integrity and reliability of corporate reporting.

1
Accounting Policies & Financial Reporting Manual (IFRS)
2
Internal Controls, Financial Audit & Risk Policies
3
Treasury, Cash Flow Management & Delegation of Financial Authorities
Approval Line

Recommended by the Audit Committee, approved by the Board of Directors.

IPO Relevance

Ensures books comply with IFRS standards, preventing auditor qualifications in due diligence reports that might halt or delay the listing.

CMA Mandated Corporate Policies

The Capital Market Authority (CMA) in Saudi Arabia mandates the formulation of specific policies to protect shareholders' rights and organize Board duties:

1. Conflict of Interest Policy

Governing potential conflict scenarios for Board members and executives, providing procedures for reporting and managing related cases with full transparency.

2. Related Party Transactions Policy

Defining regulations for transactions or contracts between the company and its major shareholders, Board members, or affiliates to ensure arms-length terms.

3. Disclosure & Material Events Policy

Establishing timelines and official channels for disclosing material events and crucial business developments to the public and market authorities.

4. Dividend Distribution Policy

Detailing dividend calculations, payment frequencies, and statutory reserves required to maintain appropriate capital adequacy.

Our Policies & Procedures Methodology

Next Dimension designs tailored policies that fit your operations while complying with the highest corporate standards:

1

Gap Analysis & Operational Review

Evaluating current procedures and conducting interviews with department heads to locate compliance and control gaps.

2

Technical Drafting & Flowcharting

Writing detailed policies and flowcharts in coordination with your team to fit Saudi labor and corporate law directives.

3

Governance & Listing Compliance Audit

Reviewing all policy manuals by our compliance auditors to guarantee full alignment with the Saudi Capital Market rules.

4

Launch, Training & Practical Implementation

Conducting interactive workshops for employees to ensure practical adoption of new policies in their daily work routines.

Ready to Establish an Institutional Policy Architecture?

At Next Dimension, we write custom manuals and policy procedures that protect your assets and qualify you for successful market listing.