With the growing demand for transparency and accountability, corporate governance has become an essential component of Kuwait’s legal and regulatory framework—particularly for listed companies subject to the obligations imposed by Module Ten of the Executive Regulations of Capital Markets Authority Law, in addition to the general provisions of Companies Law No. 1 of 2016.

 

At Taqneen Law Firm, we provide professional legal consultancy to boards of directors and executive management teams, including:

• Drafting and implementing internal governance policies, including the board charter, conflict of interest policy, remuneration policy, whistleblower policy, and the company’s internal control manual.
• Providing legal opinions to boards of directors regarding strategic decision-making, ensuring the legality and proper documentation of board actions and procedures.
• Ensuring compliance with board composition requirements, such as the balance between independent and non-independent members, and proper appointment mechanisms in accordance with regulatory guidelines.
• Offering legal guidance regarding mandatory disclosures concerning board members, their affiliations with other companies, financial benefits, and related-party transactions, in line with transparency requirements.
• Drafting minutes and documentation for general assemblies (ordinary and extraordinary) and ensuring the validity of convening procedures and agendas in accordance with legal standards.
• Managing legal issues arising from resignation, removal, or internal conflicts within the board of directors, and providing opinions on abuse of power or governance irregularities.

 

We focus on aligning sound corporate governance with long-term business sustainability and enabling board members to make informed, law-abiding decisions that serve the company’s best interest.