Back to overview

Federal Law 2 of 2015 On Commercial Companies

Current 2015

Public joint stock companies can, after two years of their incorporation and of making a profit, allocate funds (not exceeding 2% of the average net profits of the company during the two successive years preceding the year it makes the contribution) to corporate social responsibility. The beneficiary of such contributions should be stated in the company's auditor's report and balance sheet.

Issuer name

Federal Government

Government ministry

Finance/Treasury

Organizations covered by the instrument

Large private and listed companies

Target organization notes

All public joint stock companies

Industry scope

All/none specified

Disclosure venue

NA

ESG coverage- S (Social)

All

ESG coverage- G (Governance)

Accountability, Anti-Corruption and Anti-Competitive Behaviour, Structure & Leadership

Status

Current

Region

Africa & Middle East

Date of publication

2015

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Go to the instrument