Membership of Chairmen & members of boards of directors in the companies, banks & establishments is subject to the amount of sticks, shares or balances they own, regardless of the qualification or specialization. This is a defect that caused harm to development and modernization due to that those who are running such entities have no idea about what is going on the international level & have neither done modern studies nor applied technologies that made them distinguished from others. Even in regard to the experts they hire; the basic condition for employment is loyalty and obedience. What is more painful is that regardless of the high education and massive experience of national competence, it is not given the position it deserves due to that there is a running war between the Chairmen and their members where it is considered that the work has a secret that no one should know except for the person whose money and share entitle or qualify him for such knowledge! On the contrary, there are no such secrets in the great financial centers as they are subject to the state and its establishments. Due to such reason, we have witnessed that some companies have been subjected to losses & others reached the level of bankruptcy while a third group had to depart the market. When we search for the reasons; we discover that the misjudgments, misconduct and failure to examine the ideas and analyze them scientifically in a way that keeps them away from the dangers led to such ends. Being limited to hard work in a developed world is enough for achieving success. Thus, the danger accumulated over each other & led to fearing that some establishments and companies may not be able to achieve success. The need for experience, competence and creating successful perceptions has not achieved its real value in our area. Let's consider ARAMCO as a model; if the said company did not consider the rural conditions since its establishment together with a perception for the far future, it wouldn't have achieved the success that led it to be the biggest oil company in the world. Meanwhile, it is benefiting from every innovation and development related to transference and settlement of knowledge. Chairmen & members of those boards of directors blocked every positive move including employment, training and providing the worker and employee with knowledge that have not been applied in them in spite of the big position and importance of the said establishments. In spite of what has been said about a running war between the banks and companies for "kidnapping" the well qualified individuals through tempting them with higher salaries and advantages, in addition to supposing that few ones have left their places due to the weak salaries & that there has been a discrimination between the foreigner and the citizen in all advantages even when the qualification and experience were equal; this does not deny the existence of disregard from the higher categories in charge of decision making through discarding the national competencies away. The absence of monitoring & explaining of laws and systems as per the desires of those bodies led the administration to be subject to a person who restricted his thoughts to profits only. It might have been that the state's support was the factor covering such problems. If the said factor was not there; many companies' misconduct and lack of developed skill could have become exposed. I have no idea whether the state has the right of reserving a percentage of any board's membership where some state deputies can monitor and prohibit the abuses for protecting the minor contributor and protecting him from becoming a victim for a scenario similar to what has happened in Stocks Market or some bankrupt companies. The joint action should aim at protecting our national economy and should not be a hostage in the hands of boards which members qualifications are no more than experience.
