The Impact of the Application of Corporate Governance on the Control Environment of Industrial Public Shareholding Companies in the Kingdom of Saudi Arabia

The aim of this study is to investigate the extent of compliance of public industrial companies in Saudi Arabia with the application of corporate governance principles and to determine the impact of corporate governance on the control environment of these companies. To achieve the study's objective, the statistical package for social sciences (SPSS) was used to analyze the data collected from the study population, which consisted of 27 public industrial companies in Saudi Arabia. A total of 345 participants from various educational and organizational levels participated in this study. The study found a statistically significant impact of implementing corporate governance principles and concepts on the control environment of public industrial companies in Saudi Arabia. Furthermore, the study revealed a consensus among most of the study participants regarding the positive impact and significant correlation between corporate governance and the control environment of public industrial companies in Saudi Arabia. The study recommended that senior management in these companies increase their focus on internal control processes and enhance the qualifications and competencies of employees involved in various control activities and related processes.