The Ministry of Commerce and Industry (MoCI) called on auditors of listed public joint-stock companies, and boards of directors of listed public joint-stock companies, to abide by the provisions of the circular issued by the Qatar Financial Markets Authority (QFMA) on June 22, regarding the method for determining the remuneration of members of the board of directors of Qatar Stock Exchange (QSE) listed companies.In a statement, the ministry indicated that this step aims to enhance transparency and protect the rights of shareholders in the listed public shareholding companies, noting the need to adhere to the provisions of Article No.119 of the Commercial Companies Law No. 11 of 2015 amended by Law No. 8 of 2021, and the provisions of Article 18 of the Code of Governance for Companies and Legal Entities Listed in the Main Market issued by the Authority's Board of Directors Decision No. 5 of 2016, when reviewing and auditing the process of calculating the remuneration of members of the boards of directors of listed companies, which is conducted by auditors.
August 29, 2023 | 10:45 PM