Page 8 - சர்வதேச சங்கம் ஆஃப் வழக்கறிஞர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Short Url https://arab.news/w5vy4 Joint stock companies have an important and large role in the Saudi economy. As a result, the Kingdom has approved many laws and regulatory procedures to facilitate the process of controlling companies, in addition to severe penalties for noncompliance with laws and specialized procedures. According to the first paragraph of Article 71 of the Saudi Companies Law, there are specific controls for licensing business and contracts that are made for the company’s account, that the member of the board of directors has a direct or indirect interest in it. Today we will briefly go through these controls in addition to addressing the scope of the indirect interest of a member of the board of directors in such business and contracts.

Saudi arabiaMajed garoubDimah talal alsharifInternational association of lawyersSaudi companies lawCapital market authorityDimah talalCorporate governanceTalal alsharifInternational associationArab newAl ahsaAl kharjKhalij timesGulf newsSaudi gazette