Over 10 years we help companies reach their financial and branding goals. Engitech is a values-driven technology agency dedicated.

Gallery

Contacts

411 University St, Seattle, USA

engitech@oceanthemes.net

+1 -800-456-478-23

Corporate Governance updates for listed joint stock companies

Since its inception, the Securities and Commodities Authority (SCA) has been keen on strengthening the legislative structure through its initiatives, issuance of regulations, and instructions that further enhance the governance of companies operating in the securities market. With the ultimate focus on maintaining transparency and enhancing stakeholders’ confidence, SCA continuously monitors the key developments worldwide in strengthening governance and adopting principles that contribute to achieving its vision. In its initiative to further develop and enhance corporate governance standards, the Joint Stock Companies Governance Guide (“Guide”) issued by the SCA has been amended pursuant to the decision of the Chairman of the Board of the SCA [No. (02/RM) of 2024] as issued on 10 January 2024 and enforced on 16 January 2024.

The amendments are focused on further enhancing governance to protect the interests of shareholders. These span areas of Internal control, Risk Management, Compliance, and other corporate governance-related matters. This publication analyzes the key amendments and provides our perspective.

Tags

Similar Insights

cs2

SPAC listing of a development stage company


A development stage company engaged in setting-up battery grade lithium production, based in the US, in process of listing on NASDAQ.

Read More
cs2

Technical accounting advisory services in relation to legal reorganization schemes


Multiple companies across sectors, including real estate, online gaming, and auto companies.

Read More
cs2

Financial and regulatory reporting post acquisition


A leading Indian bank, post-acquisition of a major housing finance company, faced intricate challenges in financial and regulatory...

Read More
RBI Circular on Key Facts Statem

Early Impressions RBI Circular on Key Facts Statement for Loans Advances.


India’s central bank, The Reserve Bank of India (RBI), plays a very important role in regulating and ensuring transparency in the retail...

Read More
Assurance-Ready ESG_

Assurance ready ESG


As sustainable development and climate action continue to gain momentum globally, organizations feel increasing pressure to report...

Read More
IPOs in Kingdom of Saudi Arabia

IPOs in Kingdom of Saudi Arabia


Capital markets are rapidly transforming under Saudi Arabia’s Vision 2030 program (“the Program”). The Program provides a strategic...

Read More