This work discusses the extent to which the standards of corporate governance in Saudi Arabia correlate to international standards. In order to answer this question the analytical study looks at corporate governance standards in the United Kingdom and the United States. It also looks at the concept of wealth preservation in Islamic Sharia, in addition to the concept of corporate governance in Islamic Sharia from the perspective of modern Sharia specialists. The study also deals with the way in which the European Union deals with corporate governance issues among EU member nations. The study concludes that although corporate governance measures in Saudi Arabia are being implemented, they can still go further to reach international standards. The study closes by emphasizing the role of the Capital Market Authority in advancing corporate governance in Saudi Arabia and makes suggestions and recommendations aimed at improvement of these standards and the creation of an attractive investment environment for the Saudi capital market.