Role of Governance, Risks and Compliance Framework for Preventing Staff Wrongdoing in th

i need hand to produce a critical report which provides an evaluation of research methods and philosophies used in my research area

The critical report should include the following elements:

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i) The Research Question and Aims of Research. We expect this to be a concise summary of the research project you plan to undertake, and should usually be around 300 words.*
ii) The Research Context. You should use this section to demonstrate your understanding of the philosophical approaches which contextualises your research. In this section you should focus mainly on a critical analysis of the philosophical approaches to research in your area. Around 1500 words.*
iii) Research Plan (Methodology and Methods Used). You should outline the methods/methodological steps you will possibly use to answer the research question, critically assess your methods, and justify your methodological choices. This section will normally be around 2200 words.*

below are the information i have already ready provided to my supervisor but i do not need to used the literally as i have perviously used the same questions and information in my pervious study but related to compliance program not GRC

Research questions
What are the corporate governance programs and monitoring activities for staff wrongdoing on the Saudi Arabia private institutions?

Sub questions 1 : Are there any impacts on the governance system based on Saudi Arabian institutions’ corporate governance?

Sub question 2: What are the measures that have been made by Saudi Arabian private institution to comply with government system recommendations?

Sub question 3: is the senior management effective and possess the required skill set to implement corporate governance requirements related to staff wrongdoing?

Sub question 4: are the measures introduced sufficient and effective to reduce staff wrongdoing?

Sub question 5: What are the gaps and main recommendations on existing governance programs and how private sector institutions must implement them to enhance the overall governance and internal control environment?

Objectives
The research main objectives are:

· To determine whether national policy reforms affect perceived performance of the GRC programs within Saudi private sector.
· To identify factors that contributes to an enhanced and effective internal control environment.
· To determine roles of advance monitoring activities in the reduction of staff wrongdoing, enhancement of governance, risk and compliance programs and minimization of financial costs of compliance and reputational damages.
The research will also provide recommendations to the policy makers on how to improve the success rate of GRC programs in the country.

Rationale and Motivation
The main motivator of this research was to highlight the potential shortcomings and achievements of GRC programs in the country. Saudi Arabia has so much potential as an ideal investment destination. With the right mechanisms in place to fight fraud and other economic crimes, the country can maximize its full potential.

Kingdom of Saudi Arabia has gone over major policies’ reforms and exhaustive regulatory overhauls considering the turmoil in the region, and the commitment made to reduce the corruption, financial crimes and extremism that increase the pressure on Saudi-Arabian companies.

The Saudi Anti- Corruption Committee headed by Crown Prince Mohammad bin Salman, has made one a resolution to detain dozens of the royal family members, government officials and businessmen as a result of the investigation that carried out early 2015 (Austin, 2017), where it was discovered that organized corruption and embezzlements cost the kingdom more than 100 billion dollars.

Thus, it is becoming very critical for public and private organisations to properly manage regulatory compliance and its staff conduct to avoid being sanctioned as part of the government efforts enforcing the national policies’ reforms.

Considering companies infringement and associated reputational risks, media and increasing number of regulatory requirements, companies were enforced to develop their control environment by adopting appropriate compliance and ethics programs considering the national and international regulatory requirements (Alina, 2014). Despite the legal development and the adoption of a costly compliance program, prevent and detective roles are controversial.

This research will address the most contemporary, complex and significant aspects of the effective compliance program, performing constant monitoring in averting and identifying misconduct and imbedding the culture of compliance and ethics.

Practical relevance and usefulness of this research
This study will be designed to determine the extent to which GRC program is useful strategy to safeguard the organizations’ resources . The results of this study will be relevant for companies in deriving policies and practices on corruption, regulatory compliance and other issues such as work ethics. The research findings will be relevant for both public and private sector entities with GRS programs that are ineffective and costly to the firms. The firms will be able to review and redesign their GRC programs to match the changing market conditions.

Regulatory bodies in the kingdom of Saudi Arabia will also find the study findings useful for proper legislation. The kingdom through various agencies will enforce laws and legislation concerning the operations of companies. The legislation will help in reducing the predominant cases of financial fraud that has been incurred by the kingdom. The research findings will act as a stock of knowledge. Scholars will find the research useful for reference purposes when they are furthering studies on GRC programs on fraud and ethics.

Methodologies
A comprehensive analysis of primary and secondary data will be employed to strengthen this study and cover all the required sections for research fact finding. This will include:

· Survey/ Questionnaire – This will be conducted online
· Interviews – 30-45 minutes interview will be conducted, focusing on open ended questions
· Secondary data from variety of sources, including pervious empirical research reports, regulatory reports, publicly available documentation and companies’ reports as a source of data, that will help to gain in-depth knowledge of the compliance and ethics program and associated preventive and detective measures to develop the research questions and enhance worthiness of the findings.

Constraints
Response rate: – research population is very limited considering the topic I choose and the response rate for both the survey and the interview might not be sufficient and satisfying the needs for different factors including the sensitivity of the topic and the timing. To overcome this issue I will increase the sample size.
Autonomy and Confidentiality – It can be a possibility that some individuals may ask to make their presence confidential as it might harm their job or residency status in the Kingdom of Saudi Arabia. The data will be used for the research purpose only, and participants will be assured that their identity will be kept anonymous. In addition, the survey / questionnaire will not require participants to make comments about the current government.
Conflict of interest: as a serving member of staff within the Compliance Group at Al Rajhi bank Saudi Arabia, as well as being an DBA student, the researcher is wearing a number of ‘hats’ in the collection of the primary and secondary data. It is possible therefore, that there may be a conflict of independence if cases/investigations performed by the Bank. This will be resolved by ensuring that names and places will be not be revealed to protect the confidentiality of the subject.

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