Resolution No (7RM) of 2016 Concerning the Standards of Institutional Discipline and Governance of Public Shareholding Companies

Company must submit a corporate governance report on an annual basis. This should include details of compensation and allowances paid to directors and include a review of the company's internal controls relating to risk management and corporate governance rules.

Issuer name

Securities and Commodities Authority

More information

It also requires companies to ensure that at least 20% of candidates for board membership are female, or explain why there are no female candidates. The company must also disclose the rate of female representation on its board in its annual governance report.

Organizations covered by the instrument

Large private and listed companies

Target organization notes

public shareholding companies listed on the Market

Industry scope

All/none specified

ESG coverage- S (Social)

Employment Conditions, Policies and Practices

ESG coverage- G (Governance)

All

Status

Current

Region

Africa & Middle East

Date of publication

2016

Issuer type

Financial Market Regulators

Reporting requirements

Other e.g. action plan, strategy, programme, voluntary initiative

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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