Corporate Governance Of Listed Companies In Kuwait A Comparative Study With United Kingdom Saudi And Qatar Codes Link May 2026

The UK Corporate Governance Code, maintained by the Financial Reporting Council (FRC), is the global pioneer of the "comply or explain" principle.

The evolution of corporate governance in Kuwait marks a significant transition from traditional management styles to a sophisticated, regulatory-driven framework. As Kuwait seeks to diversify its economy through the "New Kuwait" Vision 2035, the strength of its capital market depends heavily on the transparency and accountability of its listed entities. This study examines the Kuwaiti governance landscape, benchmarking it against the gold standard of the United Kingdom and the regional progress made by Saudi Arabia and Qatar. The Kuwaiti Governance Framework The UK Corporate Governance Code, maintained by the

Ownership Concentration: In Kuwait, Saudi Arabia, and Qatar, many listed companies are family-owned or state-linked. This creates "agency problems" where minority shareholders may feel sidelined. The UK model assumes a more dispersed ownership structure, making its application in the GCC a unique challenge. The UK model assumes a more dispersed ownership

Saudi Arabia (CMA Saudi)Saudi Arabia’s governance code is highly detailed and has been a catalyst for the Kingdom’s inclusion in the MSCI Emerging Markets Index. The UK Corporate Governance Code