The Current Rights of Minority Shareholders in Saudi Arabia

Abstract

The preceding articles examined the legal framework of corporate governance in Saudi Arabia and the important elements of the institutional framework for Saudi corporate governance. The discussion in this chapter first focuses on government and government-regulated institutions established to enforce compliance and see that the actions of corporations are in line with corporate governance law. This chapter then examines minority shareholdings interests and rights and investigates minority shareholder protection under the CL. In addition, the board of directors is described, which controls and guides firm operations in compliance with corporate governance standards and regulations.

The Impact of Corporate Governance on the Financial Performance of Listed Companies: Evidence from Saudi Arabia

“…The organisations that have implemented adequate corporate governance procedures are seeing sustainable growth in comparison to those with an inadequate structure of governance. Corporate governance can be linked to the measures along with the protection of stakeholders' interests which are present in the minority group (Al-Habshan, 2017). Thus, the changes that took place in Saudi Arabia can influence the practices and organisation of corporate governance regulations.…”