Riyadh | Saudi Companies System Course

The program presents the consultant and expert in corporate governance | Mr. Faisal Al-Nafaei (Certified and licensed trainer) about the trainer: holds a master's degree in economics from Western Illinois University in the United States. Holds two bachelor's degrees, one of which is in law. Has practical experience spanning more than 20 years, of which more than 15 years in governance, secretariat of boards of directors and committees in many Saudi banks and major companies in the Saudi market, contributing to the completion of many pioneering governance projects for these banks, financial institutions, and companies. Member of several councils and committees. Member of the Saudi Bar Association. Member of the Saudi Economics Society. Member of the British Institute of Governance. Member of the American Corporate Governance Association. The aim of the program: The training program on the Companies System aims to provide a detailed explanation of the system, its executive regulations, and the updates introduced in the system and its regulations. Features of the program: The trainee receives printed educational material on the first day. Certified by the General Organization for Technical and Vocational Training. A WhatsApp group is created and continues after the course for questions, consultations, and trainee support. Trainees are added to a platform supervised by the trainer on LinkedIn, dedicated only to those who attended this course. Targeted audience: Legal department managers and officials, governance officers and those working in it, board members and senior executives, secretaries of boards of directors in the private and public sectors and their employees, businesspeople and entrepreneurs in small and medium enterprises, employees in regulatory bodies, internal audit, risk, compliance, academics and students interested in governance, professionals in law, economics, finance, and administrative fields, and those wishing to enter the governance field and understand its concepts. Main topics of the training program: Key provisions of the new system, legal forms of companies and their main provisions, new types of companies and their provisions, general provisions, non-profit company, professional company, holding company and subsidiary, company transformation, merger, and division, foreign companies, company dissolution and liquidation, penalties in the Companies System, final provisions in the system, buying back shares and the difference from treasury shares, controls on pledging shares, issuing, transferring, and selling them in the public auction, issuing and selling preemptive rights resulting from capital increase, limited company buying and pledging shares, controls on establishing professional companies and practicing the profession, managing the professional company, appointing and ending board members, duties of care and loyalty, controls on board member compensation and disclosure, rules for general assembly meetings and quorum calculation, introduction to preferred shares and their provisions, issuing preferred shares or redeemable shares and their transfer and sale, splitting or merging shares, definition of preemptive rights and provisions for issuing and selling them, licensing controls for works and contracts carried out on behalf of the company where a board member has a direct or indirect interest, or licensing the practice of competing businesses, company division.