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Volume :48 Issue : 184 2022      Add To Cart                                                                    Download

Membership Status in Boards of Directors Joint-Stock Companies: A Study in Kuwait Companies Law No.(1) of 2016 and Its Amendments

Auther : Dr. Ali J. M. Buabbas

Objectives: Through this study, we will know the people who acquire membership status in the board of directors of a joint-stock company according to the Kuwait Companies Law No. (1) of 2016, whereby acquiring the status of membership attributes commitments and rights, in addition to assuming responsibility for mistakes during the membership term, though these commitments, rights and responsibility are outside the scope of this study.
Method: The study adopted a descriptive analytical approach to the legislative texts, the opinions of jurists and some judicial rulings.  In some cases, it uses legislative texts of laws of other countries to support our opinion, or raise an issue that has not been regulated by the Kuwaiti law and benefit from those laws in developing Kuwait Corporate Law, without reaching the level of a comparative research.
Results: The study came to know the people who gain membership status in the boards of directors of the joint-stock companies.
Conclusion: The study ended with a set of recommendations to the Kuwaiti legislator in order to identify persons who gain the status of membership in the boards of directors of the joint-stock companies.

Keywords: Joint Stock Company, Board of Directors, Membership Status, Legal Person’s Representative.

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Dec 26, 2021

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