Legal Framework
From The Report: Kuwait 2014
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This chapter contains an outline of the legal framework in which local and foreign investors operate. It also contains information on the new companies law, regulations regarding the conduct of boards of directors and moves to protect minority shareholders. This chapter also contains an interview with Alex Saleh, Partner, Al Tamimi & Co.

Articles from this Chapter

Overview

New rules for corporate governance go into effect in 2014
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Corporate governance is a system by which companies are directed, controlled and regulated, and it defines the relationships between the board of directors, management and owners of a company. The most notable concepts of corporate governance include the designation of responsibility, accountability, transparency and rights, and treatment of minority shareholders. Companies that lack a strong corporate governance system are sometimes exposed to poor management, financial risk, and criminal and civil…

Interview

OBG talks to Alex Saleh, Partner, Al Tamimi & Co.
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Interview: Alex Saleh How can the recently enacted corporate governance laws help Kuwait attract investors? ALEX SALEH: The recent focus on corporate governance practices in Kuwait will help domestic companies to gain a competitive advantage in the global economy, especially through attracting investors. Broadly speaking, investors base their decisions on their understanding of a company’s strategy, performance and potential to create long-term value. Establishing a valuation framework by instituting…