Corporate Governance Of Listed Companies In Kuwait A Comparative Study With United Kingdom Saudi And Qatar Codes Link Access
The Capital Market Authority (CMA) has powerful enforcement, including freezing assets and imprisonment for false disclosure. Saudi is the regional benchmark for enforcement.
"Corporate Governance of Listed Companies in Kuwait" serves as a critical academic and professional resource that bridges the gap between theoretical frameworks and practical regulatory realities in the Gulf Cooperation Council (GCC) region. By positioning Kuwait’s regulatory environment against the mature markets of the United Kingdom and the rapidly evolving frameworks of Saudi Arabia and Qatar, this book offers a granular analysis of how corporate governance (CG) codes adapt to local economic cultures while striving for international standards.
The core strength of this text lies in its comparative methodology. The author does not merely list regulations; rather, the book dissects the "spirit" of the law versus the "letter" of the law. The Capital Market Authority (CMA) has powerful enforcement,
Strengths:
Weaknesses:
The UK code assumes shareholders are passive institutions requiring protection from managers. In Kuwait, the threat is opposite: controlling families expropriate minority shareholders. Consequently, the Kuwaiti code is extremely prescriptive regarding related-party transactions (RPTs). Kuwait requires board approval for any RPT exceeding 10% of capital, whereas the UK leaves this to independent directors’ judgment. Saudi and Qatar have similar strict disclosure rules, but Kuwait’s enforcement historically lagged until Boursa Kuwait’s recent MSCI Emerging Market upgrade forced higher standards.
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This guide outlines the key codes, comparative axes, and analytical links you will need.
Despite the comprehensive nature of Module 15, Kuwait faces specific hurdles that distinguish it from the comparative jurisdictions: Strengths: