What does Voluntary Delisting Tell us about Corporate Governance in Kuwait?

What is it about?

The research discusses the challenges that prevent the good practice of corporate governance in Kuwait. This research empirically examines the event of voluntary delisting of companies from the Kuwait Boursa to reflect the flows in the Corporate governance system. And it concludes that there are main limitations that must be resolved, which are the non-compliance culture of companies, the deficiencies of the legal framework of corporate governance ( Kuwait code of corporate governance 2015 (KCCG 2015) and the Kuwaiti companies law 2016(KCL) ), the concentration of shares ownership in the hand of large shareholders and the lack of shareholder activism in Kuwait.

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