Summary
The purpose of the module is to enhance corporate governance practices in Kuwaiti companies and protect the rights of shareholders. The module sets out regulations related to the board of directors, shareholders, auditing, and disclosure. Some of the key provisions of the module include requirements for companies to have at least three independent directors on their board, the establishment of an audit committee and a risk management committee, and the disclosure of information related to board members and executive compensation. The module also outlines penalties for non-compliance with the regulations.