On the side of advisory projects, the Yemeni Institute of Directors implemented the governance project of The Yemen Financial Services company (We NET). on December 18, 2023, after the company submitted a request to the Institute to implement one of the advisory services, which is diagnosing governance practices, through which the company will be able to know where it is now? And where is the position you want to reach? In essence, they are two questions: “Where are we?” And “Where do we want to be? As it enables it to measure best practices in various key dimensions of governance and to develop a plan to improve the performance of the company’s governance internally, the project went through several stages as follows:
• The Institute’s advisory team obtained several basic files on the company.
• Coordinating to attend a workshop that included the company’s work team and stakeholders, shareholders’ representatives, the Board of Directors, senior executives and the Board Secretary, for the purpose of diagnosing its governance practices.
• Unpacking and analyzing the data of the diagnostic tool for governance practices within the company.
• Read and interpret information to conclude.
• Preparing a report on the results of the diagnosis that includes recommendations for improvement, which will form an action plan for governance applications in the coming stages.
