Dissolving a company

Article Abstract:

Saudi Arabia's Companies Regulations govern the liquidation of companies, which is considered part of dissolution and winding up, but permit bylaws or articles of assn to influence the course of events as well. Upon dissolution the company enters liquidation and the board of directors or managers become interim liquidators. Partners may voluntarily agree to dissolve a company, or the Board of Grievances may order dissolution, generally upon request by a partner or creditor. Types of company are examined individually.

Laws, regulations and rules, Saudi Arabia, Liquidation

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Recent amendments to Kuwait's Companies Law

Article Abstract:

Amendments to three provisions of Kuwait's Commercial Companies Law help Kuwaiti holding companies make investments but also permit Kuwaiti and foriegn corporations to hold shares in Kuwaiti limited liability companies. The amendments, which took effect on July 23, 1995, delete a sentence in Article 185 that limited such partnership to natural persons. Effectively, the change encourages foreign companies to formalize their ownership of such shares, and reduces the tax-evasion effect of alternative arrangements.

Kuwait

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Total board remuneration and company performance

Article Abstract:

A comprehensive measure of board-level remuneration in the UK is developed and used to examine the connection between pay and performance at the top of major companies in Britain. Results suggest that executive share options foster a statistically and empirically significant linkage between boardroom pay and company performance. The options component generates a more performance-sensitive remuneration package.

Research, Performance, Corporate directors, Compensation and benefits, Stock options, Executives, Executive compensation

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