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Executive Bylaws Corporate Governance

Kuwait Current 2015

Capital Markets Authority (CMA) of Kuwait has issued a guidance book on Corporate Governance. Some of the topics required within its requirements touch on sustainability broadly, such as protection of stakeholder rights, value creation of a sustainable culture, CSR matters, and encourages integrated reporting.

Issuer name

Capital Markets Authority

More information

Details on these maters: (1) Protection of Stakeholders Rights: Companies must develop policies which list the basic rights of their stakeholders. (2) Value creation: The Board of Directors must create a sustainable culture within the company; which encourages its stakeholders to work in a manner that makes these companies financially sustainable. The regulation recommends Integrated Reporting Systems to report on company activities in various areas such as Strategy, Business Model, Risk, Future Outlook, Materiality and Accuracy of Reporting. (3) Focus on the importance of Corporate Social Responsibility: through sharing company progress with society.

Reporting resources

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

Companies listed on the Kuwait Stock Exchange, Companies licensed to trade in Financial Securities

Industry scope

All/none specified

ESG coverage- G (Governance)

All

Status

Current

Country

Kuwait

Region

Africa & Middle East

Date of publication

2015

Issuer type

Financial Market Regulators

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Go to the instrument