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Corporate Governance

At The Red Sea Development Company (TRSDC), our ambition is to preserve and enhance the natural environment as we deliver on our commitment to become the world’s most ambitious regenerative tourism project.

 

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Corporate Governance is central to an organisation's operations, stakeholders, and reputation. The principles and integrity captured by an organisation's corporate governance practices are central to the ongoing ability to pursue and achieve long term objectives whilst ensuring ongoing transparency, accountability, fairness, and responsibility. The Red Sea Development Company takes a comprehensive approach to setting new standards in good governance, compliance, and risk management. We have embedded a holistic approach to structural governance into the business at every level, from construction through to hospitality operations.

Internal Control Toolkit

Our Toolkit aims to help organizations implement a best practice approach towards good governance. The Toolkit offers step-by-step guidance, roadmaps, templates, and tools through the different governance elements that can be implemented across a project or organization.

This is the Toolkit that we have developed at The Red Sea Development Company and will continue to follow, and are now proudly sharing for the benefit of all.

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Whistleblowing

At The Red Sea Development Company, we have zero tolerance towards any form of discriminatory behaviour and continually ensure that our employees and relevant stakeholders are provided with a safe means to report incidents of misconduct, including, but not limited to, fraudulent activities, misuse of assets and/or authorities, misrepresentation of facts, workplace harassment, and non-compliance with required obligations.

In the case of having a concern about possible misconduct, you can report your concern anonymously via our Whistleblowing Platform.

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Good governance is what unifies us to deliver The Red Sea Project successfully.

In the 8th and final of our Ground Breakers video series, our leadership team elaborate on how we’re Breaking New Ground in abiding to the same set of ethical standards.