Internal controls are the processes by which a business accounts for operational efficiency, financial transparency, legal and regulatory compliance, and general ethical practices to steer their performance and growth. These processes are usually established by management and can cover activities ranging from administration to risk management. Some examples of internal controls include a separation of duties, access controls, record retention and verification of expenses.
If you want to set up internal controls within your business, use the toolkit and template as guides.
Corporate Governance Fundamentals: Transparency
A video guide on transparency for your business
أسس الحوكمة المؤسسية للشركات المتناهية الصغر والصغيرة والمتوسطة: الشفافية
فيديو إرشادي باللغة العربية حول تطبيق مبدأ الشفافية في مؤسستك.
Transparency Graphic Guide
This graphic guide explains what business transparency is, and how important it is for good governance in an organisation.
Enhancing Gulf Business Competitiveness
Evaluations of the Gulf Region’s economic sphere reveal that much of the business is carried out by Micro, Small, and Medium Sized Enterprises (MSMEs).
Bearing in mind the importance of MSMEs in job creation, innovation, and business growth, the Pearl Initiative undertook an extensive survey across these companies to understand their approaches to corporate governance and competitiveness. Our survey revealed that MSMEs are keen to expand their horizons, but encounter obstacles with funding, hiring skilled employees, allotting time for ventures, and retaining talent. The survey thus provides a framework that will help MSMEs address these issues through effective corporate governance towards more stable and successful forms of entrepreneurship.