Riyadh, September 30, 2024 – The National Center for Non-Profit Sector in the Kingdom of Saudi Arabia has unveiled an innovative new service titled "Governance Data Disclosure," designed to empower non-profit organizations with a self-assessment tool for evaluating their governance practices. This initiative is part of the center's broader mission to enhance transparency, accountability, and effectiveness within the non-profit sector, promoting a culture of self-monitoring and continuous improvement.
As a foundational element of this service, the National Center for Non-Profit Sector has developed comprehensive supportive guidelines that include detailed instructions for registration, an overview of the evaluation process, and the necessary forms that organizations need to complete. These resources aim to simplify the governance evaluation process and make it more accessible to non-profit entities across the Kingdom.
The Governance Data Disclosure service underscores the center's commitment to advancing governance standards within the non-profit sector. The center has also announced several updates to the governance standards indicators, strategically designed to alleviate burdens on organizations and facilitate higher compliance rates. Key modifications include adjustments to various practices and their weights within the compliance framework, specifically focusing on commitment, transparency, and disclosure standards. Notably, the activation of the financial safety standard is a significant enhancement, as it is now factored into the overall evaluation rating.
In addition to the service launch, the center has indicated that it will conduct numerous field visits to organizations that have not yet undergone evaluation, ensuring that all non-profits are engaged and supported throughout this process. Non-profit organizations can conveniently access the Governance Data Disclosure service through the center's official website. For any inquiries or support, organizations are encouraged to reach out via the customer care page on the website, reinforcing the center's commitment to providing comprehensive assistance.
This initiative represents a critical step towards strengthening the governance framework within Saudi Arabia's non-profit sector, fostering an environment of transparency and accountability that aligns with the Kingdom’s Vision 2030 goals.