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Navigating FY2025: Where Board Members should focus in vibrant environment of Saudi Arabia
The Saudi Arabian government’s 2025 budget reinforces its commitment to Vision 2030, projecting growth in the non-oil sector. However, global uncertainties require boards to be vigilant.
Key Areas of Focus for Boards in 2025:
1. Managing Geopolitical and Economic Risks
Assess external risks, ensure robust risk monitoring, and prioritize supply chain localization.
2. Understanding and Governing GenAI Adoption
Align AI deployment with objectives and regulations, monitor risks, and invest in AI talent.
3. Strengthening Cybersecurity and Data Governance
Review data governance frameworks, oversee cybersecurity measures, and ensure an incident response plan.
4. ESG and Regulatory Compliance
Integrate ESG factors, comply with sustainability disclosures, and strengthen corporate culture.
5. CEO Succession and Talent Development
Define leadership skills, align talent strategies, and ensure succession planning.
Strengthening Board Oversight and Composition:
Clearly define risk oversight, assess board composition, and encourage diverse perspectives.
Let’s future-proof your business.
At Dulaijan Professional Consultancy, we empower board members with insights and strategies. We also help you understand the story behind financial statement numbers. We provide tailored support to enhance your effectiveness.
Let’s work together to strengthen board leadership and drive sustainable success.
Contact us today at +966-537073970 or info@aldulajiancpa to discuss your needs.