- The Capital Market Authority (CMA) has invited all listed companies in the Saudi Stock Exchange (Tadawul) to take part in a specialized workshop titled “Preparing Board of Directors’ Report and General Assemblies”.
It will be held in three cities this month.
This comes under CMA’s efforts to ensure the application of the best standards in corporate governance and increase disclosure in board of directors’ reports.
The workshops will take place in Riyadh, Jeddah and Alkhobar.
The first workshop will be on Jan. 14-15 at CMA’s headquarters in Riyadh.
The second workshop will be held on Jan. 17-18 in Alkhobar.
The third and fourth workshops will take place at CMA headquarters in Riyadh on Jan. 21-22 and Jan. 24-25.
The final workshop will be held on Jan. 28-29 in Jeddah.
The CMA board has issued corporate governance regulations in 2006 to encourage companies to adopt and comply with governance principles and protect shareholders’ rights.
CMA also mandates listed companies to apply the requirements of clause (B) of Article 10 of the corporate governance regulations since the beginning of 2012 in accordance with the board resolution issued on Oct. 30, 2011.