Kuwait Regulator May Delay Enforcement Of Governance Rules » Gulf Business:
"Kuwait’s market watchdog may extend a year-end deadline for listed companies to comply with new corporate governance rules if it finds there are “real obstacles”, the regulator said, after meeting with the commerce minister.
The Capital Markets Authority (CMA) issued the regulations in June 2013, giving companies until the end of 2014 to implement them.
The rules include separating the positions of chairman and chief executive, prompt disclosure of information to the market, and the setting up of internal controls and risk management.
Some corporate executives and investors have welcomed the effort to stamp out suspicious activities and potential conflicts of interest, and several major listed companies have changed their corporate structures accordingly."
'via Blog this'
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