A basic principle of corporate governance (CG) relates to the Board of Directors of the company, wherein the company shall be headed by an effective, collegial and informative Board of Directors. You need to ask yourself, where do we stand in this? To achieve the goal, all members of the
Assemblies or in other words, the meetings of the shareholders in each company. Importance of the assemblies comes from the important role of the shareholders particularly in Public Joint Stock Companies. A role, which is very vital and extremely important for the progress of the company and relative achievement of
The banking sector, no doubt, plays an important active role in the national economy of each country. This prime role is particularly envisaged and clearly shown in financing and supporting most of the financial and development projects. There are other ways and means to support the national economy of the
This important issue has been discussed many times and in different occasions with the aim of understanding the reasons for corporate failures and the ways and means of stopping or rectifying such failures. The main reasons that cause corporate failures could include issues related to the equity ownership of the
(From my book: Banking & Corporate Business Laws) Leasing business, as a new banking instrument, has grown vastly to be an outstanding excellent delivery mechanism for all types of businesses and institutions including many government entities. In most countries there is, usually, a law or regulation governing and defining leasing
Many points were raised and many questions were asked by many concerned entities during past weeks and days regarding the agency relationship ( alwakala ) between the agent ( alwakeel ) and the principal ( alaseel ) , particularly the concept of agency in general and the duties of the
LEGAL PERSPECTIVE: The law gives the external auditors of companies many powers and jurisdictions including the right to call the shareholders of the company for an ordinary general assembly, under certain circumstances. This important power which has been given by the law to the external auditors of the company indicates
The Board of Directors of a public joint stock company shall , legally speaking and according to the terms of the Commercial Companies Law in Bahrain , invite all shareholders of the company to attend the annual general assembly . Every shareholder , holding any amount of shares in the
You are travel banned ? The Execution Courts, are legally authorized to issue all necessary rules they deem fit to execute the final Courts verdict. If, Execution Courts are barred for any reason from taking all necessary valid legal measures in implementation for a final Courts verdict, then the law
Unit trusts, offer to the public another type of good potential investment that is practically indistinguishable from that undertaken through shares in limited liability companies. The intermarriage of a trust and a corporation, as a matter of fact, produced the corporate type of the limited liability company (LLC). In other