Corporate Governance in KSA
- Listed companies anywhere in the world play a pivotal role in the economic growth of the country they operate within and the shared prosperity of their people. Public trust is the foremost denominator for keeping the capital markets afloat. It is therefore necessary to frame up the principles which the listed companies need to adopt for better governance and decision making.
All over the world “Code of Corporate Governance” is issued by the Regulator of Capital Markets to protect the interest of shareholders. The same has been issued by the “Capital Market Authority” in the Kingdom of Saudi Arabia recently This document serves to provide a comparison between the requirements of KSA Code vs some other jurisdictions namely South Africa, UAE, USA, UK and Pakistan.
As the economies, culture and companies are not stagnant and always go through an evolution phase; so does the requirements to govern the organizations.