إشكالية الالتزام في الإفصاح عن المعلومات الداخلية و حق الشركة الاحتفاظ بها في التشريع الأردني و النظام السعودي

الملخص EN

The disclosure of information plays an important and pivotal role in commercial speculation associated with the company's securities, which are conducted through the financial markets.

The disclosure helps in indicating the true financial position of the company to each of the dealers of these securities and those interested in them or the state alike.

Therefore, multiple legislations have obliged companies to disclose sufficient and necessary information about these securities, and to announce this information and make it available to all parties involved.

This is intended to increase the confidence of the beneficiaries on the one hand, and improve the efficiency of financial markets in order to operate in a balanced and equitable manner on the other hand.

Although it is presumed to disclose all information that indicates the true financial position of the company, there is some confidential information that disclosure of which would be harmful to the company and its financial position.

This study is intended to clarify the permissible limits of information that the company issuing the securities must disclose, against the information that the company has the right to withhold for reasons of confidentiality.

This study also aimed at clarifying the possibility of establishing a balance between the public and those dealing with these securities, and between the company and its obligation to this right.

This study was also designed to clarify the laws used in comparative legislations, Jordan and Saudi Arabia in particular, to compare between the right of investors to access all information and the right of the company to withhold some information.

Finally, based on the results obtained, a set of conclusions and recommendations were given.