The Capital Market Authority (CMA) has invited all companies listed in the Saudi Stock Exchange (Tadawul) to participate in a two-day workshop, titled “Preparing Board of Directors' Report and General Assemblies”, a press statement of the Authority said Tuesday. The workshop aimed at ensuring application of the best standards in corporate governance, would be held in Riyadh, Jeddah and Khobar. The first workshop would be held on 14-15 Jan. at the CMA's headquarters in Riyadh, the second on 17-18 Jan. at the Movenpick Hotel in Khobar while as the third and fourth would take place at the Riyadh headquarters on 21-22 and 24-25 January in that order. The fifth and the final workshop would be held on 28-29 Jan. at Park Hyatt Hotel in Jeddah. The Capital Market authority Board has issued Corporate Governance Regulations in 2006 to encourage companies to adopt and comply with governance principles and protect shareholders' rights. CMA mandates listed companies to apply the requirements of clause (B) of Article 10 of the corporate governance regulations since the beginning of 2012 in accordance with the board resolution issued 30th October 2011. The Authority started earlier to gradually mandate the regulations through article 9 of the disclosure requirements in the Board of directors' report and clauses (C/ E) of Article 12 related to the formation of the board and Article 14 related to the Audit Committee.
