Page 30 - Internal Auditor M.E. (English) - June 2018

regulators roles TO cOMMenT on the article,
eMail the author at ayshar_88@hotmail.com

By: Aysha Rashed AlHamrani AlShamsi
Modifying the Job Satisfaction

System in Organization.

IIA defines corporate governance as it is only through that the organization
“policies, processes and structures used will be able to increase their profit. The
by an organization to direct and control European mechanism of corporate
its activities to achieve its objective and governance indicates the relevance of
to protect the interests of its diverse corporate governance with the employee’s
stakeholder groups in a manner consistent satisfaction and states that employee
with appropriate ethical standards”. The welfare should be considered in the ‘best
determinant key for any business success is interest of the company’. Establishing code
the corporate governance and employee’s of conduct, compensation system and
satisfaction. This methodology will be accountability framework of all employees
explained in detail in this article. First, I including executive managers and board of
would like to indicate the importance of an directors, authority for making decisions,
effective corporate governance structure. transparency of policies and procedures
in the organization are all important to
Having an effective corporate governance gain or increase the employee’s satisfaction
will build a strong and profitable in the organization. This will in return
organization that will stay in business for increase the image and reputation and
long-term. Most organizations are just productivity of the organization which
establishing corporate governance policies will in turn result in higher profit in the
and principles to state that they are having industry. Head of departments should
governance in their organization. Other engage and allow employees to give their
organizations are applying the governance opinions in the policies and procedures
framework system, but not in a correct of the department since they are the ones
manner. who have indepth knowledge of the risks
Stakeholders and investors are concerned and opportunities related to their work..
about their expected returns or dividend Moreover, transparency in management
payment in the long-run,If the board decision making and the reasons behind
of directors are not able to appoint an it will ensure acceptance of decisions by
executive manager who will increase the employees.
company’s profit on yearly basis, there
will be two options ;either changing the Finally, focusing on satisfying the
board of directors or change the executive employees inside the organization by
manager in the organization. This frequent issuing a transparent policy and procedure,
turnover of board of directors and CEO effective accountability and compensation
will gain/increase the organizational profit framework will lead to an effective
but only in the short-run. Unfortunately, corporate governance of the organization
the stakeholders, board of directors and which in return will increase the profit and
executive managers are not focusing
really on the main cause or reason for the return to the stakeholders and investors
company’s lower profit. The real reason is without the need to change or turnover the
employee dissatisfaction. Job satisfaction executive managers or board of directors
is the reason why the organization is not on frequent basis.
able to gain profit in the long-run, but only
in the short-run. All sectors should take Aysha Rashed AlHamrani AlShamsi
into consideration how to build a strong internal auditor in ajman Tourism Development
and effective job satisfaction system as Department

28 INTERNAL AUDITOR - MIDDLE EAST JUNE 2018