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Legal status of an independent board member : a comparative perspective between the legal position in Kuwait and USA
Other Title(s)
المركز القانوني لعضو الإدارة المستقل : وجهة نظر قانونية مقارنة
Author
Source
Issue
Vol. 44, Issue 3 (30 Sep. 2020), pp.11-32, 22 p.
Publisher
Kuwait University Academic Publication Council
Publication Date
2020-09-30
Country of Publication
Kuwait
No. of Pages
22
Main Subjects
Abstract EN
While there is no clear definition of what corporate governance is, corporate governance principles can be described as an interven¬tion in the management of a company.
Every listed company must have a board of directors.
One of the most important corporate governance principles is to strengthen the board composition by having an independent director.
This article deals with one of the most important issues related to corporate governance of Kuwait’s main securities market: having independent directors on the board.
Corporate governance as it relates to listed companies is sensitive to economic, social and political variables.
Consequently, the 2015 Kuwaiti Corporate Governance Code (KCGC) raises a number of questions.
For example, what requirements should list companies follow when appointing indepen¬dent directors? To what extent are listed companies obliged to apply it in present circumstances? Finally, can practical solutions be found that will satisfy the parties concerned? In discussing the role of independent director in KSE, this paper will compare the provisions of corporate governance in the New York Stock Exchange (NYSE) and those in Kuwait Stock Exchange (KSE).
This article will be underpinned by a comparative legal analysis of the NYSE relating to corporate governance in an effort to improve the KCGC.
American Psychological Association (APA)
al-Shibli, Abd Allah. 2020. Legal status of an independent board member : a comparative perspective between the legal position in Kuwait and USA. Journal of Law،Vol. 44, no. 3, pp.11-32.
https://search.emarefa.net/detail/BIM-1321534
Modern Language Association (MLA)
al-Shibli, Abd Allah. Legal status of an independent board member : a comparative perspective between the legal position in Kuwait and USA. Journal of Law Vol. 44, no. 3 (2020), pp.11-32.
https://search.emarefa.net/detail/BIM-1321534
American Medical Association (AMA)
al-Shibli, Abd Allah. Legal status of an independent board member : a comparative perspective between the legal position in Kuwait and USA. Journal of Law. 2020. Vol. 44, no. 3, pp.11-32.
https://search.emarefa.net/detail/BIM-1321534
Data Type
Journal Articles
Language
English
Notes
Record ID
BIM-1321534