Executive Leadership & Decision-Making

1. Executive Leadership Policies

1.1 Leadership Vision & Strategic Direction

Corporate Vision & Mission Alignment:

• Ensure all executive decisions align with BEC Arabia’s long-term vision and strategic goals.

• Maintain a leadership approach that fosters innovation, sustainability, and operational excellence.

Strategic Decision-Making:

• Base executive decisions on data-driven insights, market trends, and risk analysis.

• Prioritize projects and initiatives that contribute to business growth and financial stability.

Governance & Ethical Leadership:

• Uphold the highest standards of corporate governance and ethical leadership.

• Foster a culture of transparency, accountability, and integrity in all executive decisions.

1.2 Executive Decision-Making Framework

Structured Decision-Making Process:

• Implement a standardized framework for evaluating business opportunities and operational challenges.

• Utilize key performance indicators (KPIs) and financial models to support decision-making.

Delegation of Authority:

• Clearly define decision-making responsibilities across different management levels.

• Establish approval hierarchies for financial transactions, procurement, and project execution.

Crisis & Risk Management Decisions:

• Develop contingency plans and rapid response mechanisms for crisis situations.

• Ensure executive leadership remains proactive in mitigating business risks.

1.3 Board & Executive Committee Governance

Board of Directors Oversight:

• Establish a structured reporting system to keep the Board informed on strategic decisions.

• Conduct periodic board meetings to review company performance and approve major initiatives.

Executive Committee Responsibilities:

• Form specialized executive committees for finance, operations, and compliance oversight.

• Ensure all committee decisions are documented and aligned with corporate objectives.

Stakeholder Engagement & Corporate Communication:

• Maintain open communication with investors, government entities, and key business stakeholders.

• Ensure corporate decisions reflect the interests of employees, clients, and shareholders.

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2. Decision-Making Procedures

2.1 Strategic Planning & Execution Procedure

Annual Strategy Review:

• Conduct an annual strategic review to assess market conditions and organizational performance.

• Align departmental objectives with corporate goals and financial targets.

Implementation & Monitoring:

• Develop execution roadmaps with milestones and key deliverables.

• Assign accountability for strategic initiatives and monitor progress regularly.

2.2 Financial & Budgetary Decision Procedure

Budget Approval Process:

• Establish a structured budgeting process with clear approval levels.

• Ensure budget allocations align with revenue projections and business priorities.

Investment & Capital Expenditure Decisions:

• Evaluate capital investments based on ROI, risk assessment, and long-term value.

• Obtain executive and board approvals for major capital expenditures.

2.3 Risk & Compliance Decision Procedure

Enterprise Risk Management (ERM):

• Identify, assess, and mitigate business risks through structured ERM frameworks.

• Integrate risk considerations into strategic planning and daily operations.

Regulatory Compliance & Legal Approvals:

• Ensure all executive decisions adhere to Saudi Arabian laws and corporate regulations.

• Obtain legal and compliance approvals before executing high-impact decisions.

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3. Standard Operating Procedures (SOPs)

3.1 SOP for Executive Decision-Making Meetings

Objective: To ensure structured, well-documented, and result-oriented decision-making meetings.

Procedure:

1. Set meeting agenda with clear objectives and discussion points.

2. Collect and distribute relevant data and reports before the meeting.

3. Facilitate structured discussions and record key decisions.

4. Assign action items and define accountability.

5. Follow up on implementation and document meeting outcomes.

3.2 SOP for Corporate Performance Reviews

Objective: To monitor and evaluate organizational performance through executive reviews.

Procedure:

1. Compile performance reports on financials, operations, and projects.

2. Conduct quarterly executive reviews with department heads.

3. Identify performance gaps and strategic improvement areas.

4. Develop corrective action plans and track implementation.

3.3 SOP for Risk & Crisis Management Decisions

Objective: To establish a structured approach to handling business risks and crises.

Procedure:

1. Identify and assess potential risks through risk management frameworks.

2. Develop mitigation strategies and response plans.

3. Communicate decisions to relevant stakeholders.

4. Monitor risk factors and adjust strategies accordingly.

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Conclusion

The Executive Leadership & Decision-Making framework ensures that BEC Arabia’s management office operates with efficiency, transparency, and strategic foresight. By institutionalizing structured policies, procedures, and SOPs, the leadership team enhances decision-making capabilities, fosters business growth, and ensures regulatory compliance. Through well-defined governance structures and risk management frameworks, BEC Arabia maintains its leadership position in the construction industry while driving sustainable development and operational excellence.