Kuwait may extend corporate governance laws deadline

March 24, 2014 2:36 am

Kuwait’s Capital Markets Authority (CMA) has said it may extend a year-end deadline for listed companies to comply with new corporate governance rules if it finds there are “real obstacles,” Reuters has reported. In June 2013, the CMA issued new regulations giving companies until the end of 2014 to implement them. The rules include separating the positions of chairman and chief executive, prompt disclosure of information to the market, and the setting up of internal controls and risk management.