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The Executive Bylaws Module Fifteen Corporate Governance

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Summary

The purpose of the module is to enhance corporate governance practices in Kuwaiti companies and protect the rights of shareholders. The module sets out regulations related to the board of directors, shareholders, auditing, and disclosure. Some of the key provisions of the module include requirements for companies to have at least three independent directors on their board, the establishment of an audit committee and a risk management committee, and the disclosure of information related to board members and executive compensation. The module also outlines penalties for non-compliance with the regulations.

Thumbnail image for The purpose of the module is to enhance corporate governance practices in Kuwaiti companies and protect the rights of shareholders. The module sets out regulations related to the board of directors, shareholders, auditing, and disclosure. Some of the key provisions of the module include requirements for companies to have at least three independent directors on their board, the establishment of an audit committee and a risk management committee, and the disclosure of information related to board members and executive compensation. The module also outlines penalties for non-compliance with the regulations.
Issuer

Kuwait

Year

2015

Region

Middle East

Issuer (type)

Capital Markets Authority (Financial Regulator)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
  • Education
  • Transportation & Warehousing
Restrictiveness

Very Low

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 6: Clean Water and Sanitation
  • SDG 14: Life Below Water

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