The relationship between the shareholders and the management of companies traded on the Saudi financial market is moving towards a new phase of responsibility The market authority has proposed amendments to the rules of governance, including: tools for investors to be accountable to the boards Monitoring of plans to deal with stumbles Supervision of transactions that may involve conflicts of interest Shareholders who own 5% of the shares of companies whose accumulated losses exceed half of their capital are entitled to request From the board of directors to implement a corrective plan with specific goals and deadlines. The responsibility extends to transactions that companies carry out with related parties, which are transactions that may raise questions about the degree of independence of the decisions and achieve the interest of the company and all its shareholders. details

The relationship between the shareholders and the management of companies traded on the Saudi financial market is moving towards a new phase of responsibility The market authority has proposed amendments to the rules of governance, including: tools for investors to be accountable to the boards Monitoring of plans to deal with stumbles Supervision of transactions that may involve conflicts of interest Shareholders who own 5% of the shares of companies whose accumulated losses exceed half of their capital are entitled to request From the board of directors to implement a corrective plan with specific goals and deadlines. The responsibility extends to transactions that companies carry out with related parties, which are transactions that may raise questions about the degree of independence of the decisions and achieve the interest of the company and all its shareholders. details