Capital Markets Authority of Kuwait

12/01/2021 | Press release | Distributed by Public on 12/01/2021 04:13

Press Release: Launching the Joint Gulf Awareness Campaign “Effective Governance is the Basis of the Sustainable Development” (Gulf Investment Awareness Program “Mulem”)

Title:Press Release: Launching the Joint Gulf Awareness Campaign "Effective Governance is the Basis of the Sustainable Development" (Gulf Investment Awareness Program "Mulem")

Date Publish01 December 2021

Kuwait - December 1, 2021 - As part of the efforts of the entities regulating the financial markets in the GCC countries to raise the awareness of the citizens and residents of the GCC countries, and in line with the directions of their highnesses and excellencies the members of the Ministerial Committee of the Chairmen of the Boards of Directors of the entities regulating the financial markets in the GCC countries, an awareness campaign has been launched on the importance of the corporate governance under the slogan of "Effective Governance is the Basis of the Sustainable Development".

The campaign aims to provide the guidance, regulations, and systems of governance to the board members and officials of the listed companies, avoid the risks related to the companies' performance and management, emphasize that good governance leads the company to achieving its goals efficiently and effectively, the optimal use of resources and a conscious management to the risks, in addition to preparing a smart strategy to the company's work.

The corporate governance campaign is directed specifically to several categories that include the board members of the listed companies, the senior officials of the public shareholding companies, the officials of governance and investors relations of listed companies, the prospective shareholders and investors, and persons of interest in general such as the researchers and the media professionals.

The campaign uses several means that include social media networks, satellite channels, newspapers, websites, and webinars. In addition, it provides the contents through a collection of media arts such as infographics, animation, digital publications (brochures and manuals), and informational competitions.

This campaign is an extension of the bonds of cooperation between the GCC countries, especially in the economic matters as the Gulf financial markets are attracting local and international investments.

Ends-

Notes to Editors:

The Capital Markets Authority was established pursuant to Law No. 7/2010, approved by the Kuwaiti Parliament in February 2010. Pursuant to the Law, the CMA shall regulate and supervise the securities activities, achieve transparency and fairness, observe listed companies' execution of Corporate Governance regulations, and protect investors from unfair practices which violate the CMA's Law.

Furthermore, the Law's provisions stipulate the supervision of mergers, acquisitions, and disclosure operations. The CMA also aims to provide awareness programs related to securities activities.

For further information, please contact:

Public Relations & Media Office

Tel: 22903062

Fax: 22903505

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