Capital Market Authority: Draft Regulatory Provisions Related to Enhancing Corporate Governance and Investor Protection
هيئة السوق المالية: الأحكام التنظيمية المرتبطة بمشروع تعزيز حوكمة الشركات وحماية المستثمرين
The Draft aims to enhance corporate governance practices in listed companies, strengthen the effectiveness and responsibilities of their boards of directors, and promote shareholder participation in decisions concerning the companies in which they invest, as well as enhance transparency and accountability and protect the interests of companies and their shareholders. This will be achieved through developing the regulatory provisions related to general assemblies, nominations for membership on boards of directors, companies with accumulated losses amounting to 50% or more of their capital, and related-party transactions.
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