The audit committee of listed companies under the Kuwait corporate governance code (KCGC)‎ : a legal comparative study

الملخص EN

One of the most important corporate governance principles is the establishment of various committees to secure the company’s financial position and longterm future.

In Kuwait, the legal position regarding the Audit Committee is currently unclear.

In view of the fact that there are not sufficient regulations in Kuwait regarding the audit committee, this paper reviews the current position and makes recommendations with a view to improving this situation.

The article will discuss the concept of the Audit Committee in general, what its purpose is, as well as the duties and responsibilities of the committee.

In doing so, the paper will highlight areas of concern relating to the current legislation in Kuwait.

Furthermore, the paper aims to provide recommendations for the development of regulations relating to audit committees of listed companies on the Kuwaiti stock exchange.

The article will consider the legal position in the USA, in particular the how the laws and regulations relating to the Audit Committee are applied for companies listed on the NYSE.

The research will follow the process of a comparative legal analysis between USA legislation and Kuwait legislation.