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The role of The Ministry of Commerce and The Capital Market Authority (CMA) in Protecting Shareholders and Holding Directors accountable in Saudi's Corporations
Journal article

The role of The Ministry of Commerce and The Capital Market Authority (CMA) in Protecting Shareholders and Holding Directors accountable in Saudi's Corporations

Abdulrahman A. A. Alzhrani
INTERNATIONAL JOURNAL OF COMPUTER SCIENCE AND NETWORK SECURITY, Vol.22(8), pp.187-196
30/08/2022
DOI: https://doi.org/10.22937/IJCSNS.2022.22.8.24

Abstract

Computer Science Computer Science, Information Systems Science & Technology Technology
The law gives the Ministry of Commerce the power of monitoring, oversight, and accountability for corporations in general. However, Article 219 of the Companies Law has made oversight of listed companies within the jurisdiction of the Capital Market Authority, but this exception, in the author's opinion, is not clear because the law obligated the Ministry of Commerce to monitor and account for joint-stock companies, whether they were listed or not included in some cases.

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