The Balanced Scorecard as a tool for enhancing the concept of corporate governance – A case study of Ain El Kebira Cement Company
The Balanced Scorecard as a tool for enhancing the concept of corporate governance – A case study of Ain El Kebira Cement Company

Summary/Abstract: This study aims to highlight the role of the Balanced Scorecard in enhancing corporate governance, using Ain El Kebira Cement Company as a case study from 2017 to 2022. The study attempted to explore how the Balanced scorecard, as a strategic management tool, can contribute to monitoring and guiding administrative activities, thereby strengthening the principles of corporate governance by emphasizing the periodic assessment of performance across five dimensions: financial, customer, internal operations, learning and growth, and social and environmental . The study concluded that Ain El Kebira Cement Company does not have a formal corporate governance system. Instead, it implements governance practices through its independent board of directors, the adoption of independent internal and external audits, and the adoption of ISO systems (e.g., ISO 9001, ISO 14001, and ISO 45001). Furthermore, the study concluded that the adoption of the balanced scorecard by the company’s administration enhances the principles of corporate governance by establishing disclosure, transparency, and accountability, supporting the process of making operational and strategic decisions, achieving a balance between the objectives of stakeholders, and protecting the rights of shareholders.

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