1. Introduction

Overview of the Licensed Companies Compliance Index

It classifies the companies licensed to provide digital certification services based on their compliance results. Companies demonstrating high compliance performance are granted the opportunity to compete for an annual recognition that supports their motivation and sustained excellence.

Overview of the Qualified Companies Compliance Index

It classifies the companies qualified to conduct digital government activities under the revenue-sharing model based on their compliance results. Companies demonstrating high compliance performance are granted the opportunity to compete for an annual recognition that supports their motivation and sustained excellence.

2. Index Objectives:

• Enhancing Compliance Within Companies
  Promoting a culture of compliance within companies and institutions by encouraging them to adhere to the Authority’s regulations and standards.

• Encouraging Regulatory Innovation
  Encouraging companies to innovate in developing internal policies and systems that contribute to enhancing compliance with the Authority’s regulations and standards. 

• Encouraging Competition
  Creating a healthy competitive environment among companies to improve their performance in regulatory compliance.

Licensed and qualified companies that lead in adopting distinguished regulatory compliance practices are recognized based on specific criteria.

3. Importance of Compliance for Licensed / Qualified Companies

1. Achieving Strategic Objectives
    Compliance with laws and ethical standards enhances sustainability, reduces legal risks, contributes to financial growth, ensures successful market expansion, and strengthens the culture of compliance within the company.

2. A Safe and Reliable Investment Environment
   Licensed, qualified, and compliant companies build a strong and reliable reputation in the market, as customers and partners recognize that these companies adhere to high-quality standards and can be trusted and contracted with.

3. Creating a Distinctive Regulatory Environment
   Licensed and qualified companies earn greater trust from customers and investors, which helps strengthen long-term relationships with them and increases opportunities for growth and financing.

4. Principles of Compliance

Compliance is based on a set of principles and regulatory foundations designed to ensure the effective implementation of laws and regulations, thereby contributing to the protection of the rights of all stakeholders.  It also supports a work environment built on transparency, effective governance, and continuous improvement.  These principles include:

1. Compliance with Regulations
2. Transparency
3. Responsibility
4. Flexibility

5. Index Perspectives

1. Compliance Monitoring Outcomes
2. Compliance Awareness
3. Beneficiary Experience
4. Responsiveness to the Digital Government Authority

For more information, click on the link below:

Introductory Overview of Compliance Indexes