The 4th edition of the Global Governance, Risk, Compliance, and Performance (GPRC) Summit commenced today in Riyadh. Held under the theme “Integrated Governance, Risk, and Compliance to Enhance Strategic Performance,” the event brought together over 800 leaders, decision-makers, and international and local experts.
From Traditional Oversight to Innovation Catalysts
In his opening remarks, Dr. Fahad Al-Tuwaijri, Chairman of the Summit’s Organizing Committee, stated that the current edition aims to fundamentally transform the concept of GRC systems. The goal is to shift from a traditional regulatory framework to active engines that drive innovation and economic growth. He emphasized the importance of establishing modern practices that keep pace with the rapid transformations in the Kingdom, in alignment with Saudi Vision 2030.
The first day featured a keynote session titled “Risk is Part of Business,” focusing on integrating risk management into the core strategic objectives of organizations rather than relying on paper-based documentation. Panel discussions also showcased pioneering experiences from major Saudi entities, including the Governance Center (PIF), the Royal Commission for AlUla, stc, and the Ministry of Municipalities and Housing.
Strategic Partnerships and Global Support
The summit is held in strategic partnership with the Riyadh Governance Center, hosted by Corporater, and organized by Saudi Meetings, with Siddor as the Innovation Partner. The event is supported by an elite group of sponsors, including:
Platinum Sponsors: Swiss GRC, StoreIT, Cubes Platform, and Optimass AI.
Gold Sponsors: Control Risks, AS Consulting, and Alvarez & Marsal.
Silver Sponsors: Riskonnect, Keypoint, Shefra | Juzoor, Jadaya, Oryx, Safe Decision, Al-Suhail Company, and Tamkeen Technologies.
The GCC Board Directors Institute (BDI) and the Business Continuity Institute (BCI) also joined as institutional partners to provide a comprehensive platform for knowledge transfer.
Expert Insights: Governance as an Added Value
Speakers, including Tor Inge Vasshus (CEO of Corporater) and Jehan Hyde (CEO of Saafa), agreed that the Kingdom has moved beyond “token compliance” to a stage of “comprehensive corporate culture.” They highlighted that transparency and accountability now represent a competitive advantage that attracts global investment and ensures sustainable growth within the nation’s Giga-projects.
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