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Corporate Governance Code
Kingdom of Bahrain - Ministry of Finance and Commerce
Kingdom of Bahrain - Ministry of Finance and Commerce
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Abstract
"The Bahrain Corporate Governance Code is based upon nine core Principles of corporate governance that adhere to international best practices. The Code includes recommendations to apply the Principles, as well as recommendations which support the implementation of good corporate governance. The Code is issued in a “comply or explain” framework, which means companies should comply with the recommendations, or give an explanation in the case of non-compliance. The Code is a dynamic document that will evolve and require modifications over time in response to changing domestic and global circumstances. Such changes will be made based on consultation with various stakeholders in an open and transparent manner. Comments and feedback on the Code are always welcome. We believe that the Code represents the highest standard in current practice, which has been modified to suit Bahrain’s unique economic and social climate as a developing country with a strong regulatory infrastructure. The Code supplements the existing corporate governance provisions contained in the Company Law, and provides detail and flexibility that will enable the Code to be adapted by all companies, public and private, large and small."
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With permission of the license/copyright holder