Good public pension governance is a vital element for the efficient functioning of any efficient pension system, enhancing investment performance and benefit security. This paper highlights the main governance challenges encountered by the Public Pension Agency (PPA) in Saudi Arabia and what the actions that have been taken to propose possible solutions to strengthen governance arrangements. The challenges faced by PPA includes the absence of a governance and the implantation of an applicable one. The pursuit of good governance is a concern to PPA following the financial crises in 2008. Defined Benefit pension scheme with huge amount of assets under management and whose activities touch the lives of over 7 million people in the country cannot, and should not be immune from the pressure to be well governed. PPA applies a public governance pension model that has a separate investment management organization, Al-Ra'idah Investment Company, with its own board. The board of this company has responsibility for investments only and pension administration operate under a separate organizational structure, which coordinates with the investment board for asset and liability matching.