🇸🇦 Live Insurance

Saudi CMA Corporate Governance Regulations

Saudi Capital Market Authority rules on board composition, shareholder rights, disclosure, and internal controls for listed companies. Applies to companies listed on the Saudi Exchange (Tadawul).

Rules extracted

Obligations decomposed

4.3x

Avg obligations per rule

🇸🇦 Saudi Arabia

Jurisdiction

What AuditDSS covers

Source

Regulation

Extracted

Rules

Decomposed

Obligations

4.3x

Decomposition ratio

Each rule is decomposed into an average of 4.3 atomic obligations — the smallest testable units that can be independently violated.

Fully extracted & scored

All 43 obligations have been decomposed, titled, risk-scored, and embedded for semantic matching.

Risk scoring

Every obligation in CMA Governance Regs is scored across independent risk dimensions:

Obligation Weight

How critical within the regulatory framework

Violation Likelihood

How often breached in practice

Enforcement Evidence

Regulator enforcement history and penalties

Cascade Dependency

How many obligations depend on this one

Regulatory details

Full title: Saudi CMA Corporate Governance Regulations
Regulatory body: Capital Market Authority of Saudi Arabia
Jurisdiction: 🇸🇦 Saudi Arabia
Document type: regulation
Effective date: January 18, 2023
Industry: Insurance

Who this applies to

listed companies on Tadawulboard membersaudit committeessenior executives

Key requirements

board composition (1/3 independent)
non-executive chairman
audit committee (3-5 members)
remuneration and nomination committees
conflict of interest disclosure
related party transactions
shareholder rights protection
annual board performance evaluation
10-year record retention
comply-or-explain for guiding provisions

Frequently asked questions about CMA Governance Regs

What is CMA Governance Regs?

Saudi Capital Market Authority rules on board composition, shareholder rights, disclosure, and internal controls for listed companies. Applies to companies listed on the Saudi Exchange (Tadawul).

Who does CMA Governance Regs apply to?

CMA Governance Regs applies to listed companies on Tadawul, board members, audit committees, senior executives.

How many obligations does CMA Governance Regs contain?

AuditDSS has decomposed CMA Governance Regs into 43 atomic obligations from 10 rules. Each obligation is independently testable and risk-scored.

What are the key requirements of CMA Governance Regs?

The key requirements include: board composition (1/3 independent), non-executive chairman, audit committee (3-5 members), remuneration and nomination committees, conflict of interest disclosure, related party transactions, shareholder rights protection, annual board performance evaluation, 10-year record retention, comply-or-explain for guiding provisions.

How can I assess my CMA Governance Regs compliance?

Upload your compliance policy to AuditDSS. The platform maps your document against all 43 CMA Governance Regs obligations using deterministic AI scoring — not checklists or LLM summaries. You get a risk-scored gap analysis showing exactly which obligations are covered, partially covered, or missing.

Which jurisdiction enforces CMA Governance Regs?

CMA Governance Regs is enforced in Saudi Arabia by Capital Market Authority of Saudi Arabia.

When did CMA Governance Regs come into effect?

CMA Governance Regs became effective on January 18, 2023.

What industry does CMA Governance Regs apply to?

CMA Governance Regs is primarily relevant to the Insurance industry. AuditDSS covers 98 regulations in this industry sector.

Build a CMA Governance Regs compliance pack

Don't have a compliance policy yet? AuditDSS generates a complete compliance pack for CMA Governance Regs — alone or combined with other regulations your business needs. Every clause is mapped to specific obligations.

Policy

High-level commitments and governance framework covering CMA Governance Regs requirements.

Procedures

Step-by-step operational procedures to implement each policy commitment.

Forms & checklists

Ready-to-use forms, registers, and checklists for day-to-day compliance operations.

Multi-regulation

Combine CMA Governance Regs with other regulations into a single unified compliance pack for your business.

Build CMA Governance Regs compliance pack

Already have a policy? Assess it against CMA Governance Regs

Upload your document

Upload your compliance policy, program manual, or operational document. AuditDSS accepts any text-based document.

AI maps against 43 obligations

Your document is scored against every obligation in CMA Governance Regs. Each claim is mapped to the obligation tree and evaluated for coverage.

Risk-scored gap report

Receive every gap ranked by risk priority with remediation guidance, enforcement evidence, and cascade impact analysis.