Download or read book Toward New Corporate Governance Standards in the Kingdom of Saudi Arabia Lessons from Delaware written by Meshal Faraj and published by SABIC Chair for IFMS. This book was released on 2016-02-14 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is currently a debate in the Kingdom of Saudi Arabia is over how directors of publicly held companies can be held accountable. Before addressing this question, we should determine when it is that a director violates her or his duties. This study seeks to bring focus to the accountability system in Saudi Arabia. It investigates a legal defect in that system: the Saudi Companies Law incorporates standards of conduct but lacks standards of review. This study argues that although directors’ duties have been formulated so that there are areas left to be developed by courts, Saudi judges do not retain residual lawmaking powers which they could use to fill a regulatory vacuum. It builds upon empirical evidence to prove the underlying reasons that the context has changed, which ultimately has created the need to reform the Saudi fiduciary duties system. New cases in Saudi Arabia evoke some of the contours of Delaware corporate law. New cases have triggered standards of conduct violations that might be identical to fiduciary violations in Delaware. Therefore, this study proposes to transplant Delaware standards of review to Saudi Arabia. It argues that the contextual change in Saudi Arabia after the establishment of the Capital Market Authority would make this transplant more significant. Closer analysis suggests that both systems are consensus on the shareholder primacy model. This convergence on the shareholder model inevitably ensures a functional convergence in the long run.

Download or read book Toward New Corporate Governance Standards in the Kingdom of Saudi Arabia written by Meshal Faraj and published by . This book was released on 2014 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance written by Mohammed Takuk Alsanosi and published by . This book was released on 2010 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work discusses the extent to which the standards of corporate governance in Saudi Arabia correlate to international standards. In order to answer this question the analytical study looks at corporate governance standards in the United Kingdom and the United States. It also looks at the concept of wealth preservation in Islamic Sharia, in addition to the concept of corporate governance in Islamic Sharia from the perspective of modern Sharia specialists. The study also deals with the way in which the European Union deals with corporate governance issues among EU member nations. The study concludes that although corporate governance measures in Saudi Arabia are being implemented, they can still go further to reach international standards. The study closes by emphasizing the role of the Capital Market Authority in advancing corporate governance in Saudi Arabia and makes suggestions and recommendations aimed at improvement of these standards and the creation of an attractive investment environment for the Saudi capital market.

Download or read book Corporate Governance Country Assessment written by World Bank and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Good corporate governance ensures that companies use their resources more efficiently, protects minority shareholders, leads to better decision making, and improves relations with workers, creditors, and other stakeholders. It is an important prerequisite for attracting the patient capital needed for sustained long-term economic growth. This report provides an assessment of the Kingdom of Saudi Arabia (KSA) corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in KSA. The corporate governance laws, regulations, and institutions that have been put in place generally reflect international good practice. In the wake of the market correction of 2006, market regulators focused on the need for better corporate governance via legal and institutional reforms. These included passing a Corporate Governance Regulation (CGR) for listed companies (2006), and further strengthening the supervisory functions across the financial sector. However, many of the laws and institutions are still relatively new and untested; awareness of the importance of good corporate governance is low, and implementation by companies in its early stages.

Download or read book Corporate Governance Country Assessment written by Weltbank and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Good corporate governance ensures that companies use their resources more efficiently, protects minority shareholders, leads to better decision making, and improves relations with workers, creditors, and other stakeholders. It is an important prerequisite for attracting the patient capital needed for sustained long-term economic growth. This report provides an assessment of the Kingdom of Saudi Arabia (KSA) corporate governance policy framework. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in KSA. The corporate governance laws, regulations, and institutions that have been put in place generally reflect international good practice. In the wake of the market correction of 2006, market regulators focused on the need for better corporate governance via legal and institutional reforms. These included passing a Corporate Governance Regulation (CGR) for listed companies (2006), and further strengthening the supervisory functions across the financial sector. However, many of the laws and institutions are still relatively new and untested; awareness of the importance of good corporate governance is low, and implementation by companies in its early stages.

Download or read book Corporate Governance Quantity Versus Quality Middle Eastern Perspective written by Saleh Hussain and published by eBookIt.com. This book was released on 2013-02 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: The books deal with various issues relating to Corporate Governance "CG" from a Middle Eastern Perspective with emphasis on Quantity Versus Quality. The books covers the following topics: - CG Quantity Versus Quality - CG for Government Companies - CG for Family businesses -Corporate Social Responsibility -CG in Islamic Banking -CG and Democracy -Board Committees -Directors compensation The books gives ways and means to apply best practices in Corporate Governance.

Download or read book An Evaluation of the Current Rules and Regulatory Framework of Corporate Governance in Saudi Arabia written by Abdullah Alshowish and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance written by Saleh Hussain and published by eBookIt.com. This book was released on 2021-07-15 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: Application of Corporate Governance practices by various forms of Corporations and companies is gaining a great momentum. Governance is simply to conduct the business within parameters of ethical standards and for the good of the society. Governments around the world are issuing Corporate Governance to all various types of companies. This book picks up the motto "first things first" which basically means the more the Governments around the world adhere to effective Governance guidelines and apply them in the enterprises they own, the better example is set for other forms of companies to follow. The principles of good governance such as transparency, justice, accountability, sustainability and protection of society's interest are all tools that enhance and encourage good governance.

Download or read book Corporate Governance in Arab Countries written by Georg Binder and published by GRIN Verlag. This book was released on 2011-07-19 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diploma Thesis from the year 2009 in the subject Business economics - Business Management, Corporate Governance, grade: Sehr Gut, University of Vienna, language: English, abstract: English: In today ́s business world corporate governance has become one of the most discussed and most important matters. Corporate governance criteria have been put right in the middle of investment decisions - especially in emerging markets. In addition to that, a series of events like business scandals, financial crises or business failures in the last 20 years has made corporate governance a key point in the business community in emerging markets, developing countries and economies in transition. There exists no general definition for the term corporate governance. Basically it can be viewed as a set of principles and rules by which a company is directed and controlled. Many countries have developed good corporate governance principles to improve the relationship between the shareholders of a company and the management. Factors like financial disclosure, more rights for shareholders and independent boards are crucial for investors who are looking for a stable growth of companies. Countries in the MENA region have put the implementation of such sound corporate governance codes in the middle of their agenda. Their aim is to create better economies and consequently a more attractive investment climate for possible investors in the future. This thesis tries to give the reader an insight into today ́s state of corporate governance in the Middle East and North Africa countries. The discussion is based on a survey which has been undertaken by the Hawkamah Institute for corporate governance in Dubai which focuses on the establishment of good corporate governance codes in this region.

Download or read book Modern International Corporate Governance Principles and Models After Global Economic Crisis part II written by pls see project notes for pen name and published by PartridgeIndia. This book was released on 2014-04 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern International Corporate Governance Principles and Models After Global Economic Crisis (part II)

Download or read book Current Practices of Saudi Corporate Governance written by Faleh Salem B. Al Kahtani and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most debated issues is that of corporate governance. The topic has been investigated by scholars from several scientific fields including the legal. Indeed, corporate governance has been examined by a great number of law scholars, with particular regards to the improvement of various aspects. For example, effective corporate governance focuses on protecting and advancing aspects related to shareholders' rights, the board of directors and corporations' internal and external audit systems. The main objective of this research is to suggest reformation to the Saudi corporate governance framework in order to achieve satisfactory corporate governance practices. The second purpose of the research is to investigate the current practices involved in Saudi corporate governance arrangements. The final aim is to determine how a Saudi corporate governance framework would most benefit corporate governance from the Islamic perspective. This study intends to provide a regulatory analysis to influence those regulations that should be implemented to adjust corporate governance practices as they affect the Saudi capital market. The researcher found that Saudi corporate governance has been promulgated in accordance with principles of on-going international corporate governance. Alternatively, the Islamic perspective on corporate governance has been debated more recently, as an idea that needs to be progressed in order to provide associated benefits to the corporate governance framework in Saudi Arabia. Therefore, Saudi corporate governance provisions can be seen as based largely on positive man-made laws. The researcher further discovered that Saudi corporate governance as an institutional framework is divided between several institutions, whether internal or external, which might result in some ambiguity when it comes to implementing good corporate governance practices. However, the research results revealed that Saudi corporate governance provisions have to be reformed in accordance with popular worldwide corporate governance principles, namely the UK Corporate Governance Code, the UK Companies Act and the OECD principles of corporate governance produced.

Download or read book Invest for Good written by Mark Mobius and published by Bloomsbury Publishing. This book was released on 2019-06-13 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investors are placing increased emphasis on capital allocation methods to achieve their desired social, environmental and financial objectives, and are targeting investments that not only facilitate economic growth in countries around the world but also do good in terms of aiding human development - from cleaner environments to safer products and better employment practices. At the same time, there is considerable evidence that if companies adhere to ESG (Environment, Social, Governance) standards, they will outperform companies who do not. But how do individuals - rather than institutional investors - invest using ESG criteria? And just how complex are the procedures? This new book, written by investment guru Mark Mobius and his expert team, is full of entertaining and informative anecdotes from the authors' day-to-day experiences in the world of sustainable investment. Readers will gain a clearer understanding of what sustainable investment actually means, the positive effects it can have on businesses and societies, what to look for in order to identify sound and sustainable investment opportunities, and how to balance sustainable investing with good returns.

Download or read book The Report Saudi Arabia 2018 written by and published by Oxford Business Group. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Key initiatives include a privatisation programme which would see the divestment of a number of state-owned giants, such as the partial listing of Aramco, the creation of the world’s largest sovereign wealth fund and the increased participation of women in the job market. The Kingdom has played a key role too on the international stage in 2017, becoming the first country to host President Trump, a visit which resulted in renewed trade and investment commitments on both sides. Meanwhile the country’s importance as a trading hub continues to grow thanks to both the various infrastructural upgrades that are taking place to its ports and airports, as well as its its geographical advantage as a connector of three continents and its proximity to the Red Sea – through which 10% of world trade travels.

Download or read book The Relationship Between Total Management Team TMT Compensation and Corporate Governance written by Basmah Altuwaijri and published by . This book was released on 2017 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research aims to evaluate emergent or new dimensions of corporate governance (CG) practice in the Kingdom of Saudi Arabia as demonstrated by selected companies listed in the Saudi stock exchange. The research seeks to enrich existing literature in the field for best practice and cutting-edge research applications by undertaking the tripartite processes of: (1) analyzing the firm size elasticity of total management team (TMT) compensation; (2) investigating the simultaneous relationship between TMT compensation and firm performance, controlling for the firm size and other firm-specific variables; and (3) evaluating the impact of the firm board control on TMT compensation accounting for the firm's ownership structure, including vital policies related to board control, ownership shares, composition, membership, and other firm specific variables. The results of this research will have important implications for both companies and policy makers, as the outcomes guide companies toward best CG practices and encourage policy makers to leverage these regulations to improved performance of the listed companies. The research outcomes will also afford guidelines on how to use the board composition and its control on TMT in the alignment of the goals of top executives with that of the owners of the firm by structuring TMT pay.

Download or read book Corporate Governance in the Kingdom of Saudi Arabia written by Ahmad Abdulaziz Al-Zaid and published by . This book was released on 2012 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance and Accountability written by Jill Solomon and published by John Wiley & Sons. This book was released on 2020-10-19 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Governance and Accountability presents students with a complete and current survey of the latest developments involving how a company is directed and controlled. Providing a broad research-based perspective, this comprehensive textbook examines global corporate governance systems, the role and responsibilities of the directorate, and the frameworks designed to ensure effective corporate accountability for stakeholders. A holistic approach to the subject enables students to develop a well-rounded knowledge of corporate governance theory and practice, policy documents, academic research, and current debates, issues, and trends. Now in its fifth edition, this comprehensive view of the corporate governance agenda features fully revised content that reflects new research and global developments in codes of practice and governance and accountability mechanisms. In-depth chapters contain numerous real-world case studies and compelling debate and discussion topics, exploring corporate transparency, social responsibility, boardroom diversity, shareholder activism, and many other timely issues.

Download or read book Corporate Governance Implementation Guide written by Saleh Hussain and published by eBookIt.com. This book was released on 2017-03-31 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is a comprehensive guide for implementation of Corporate Governance Practices in any form of Companies. It is based on CG code of Bahrain and best practices of CG worldwide. Some of the important chapters talk about: - Board of Directors and Committees - Shareholders - Risk Management and Compliance issues