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They stressed the importance of preventing a wider escalation of the conflict, which threatens to further endanger peace and stability in the region
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Saudi Firms Ordered to Disclose Board Payments
RIYADH — Saudi Arabia’s market regulator ordered listed firms on Wednesday to announce compensation and remuneration paid to their boards, part of a drive to improve transparency.
Companies whose shares are traded on the Saudi bourse are now also required to disclose payments to their highest-paid five executives, the Capital Markets Authority (CMA) said on the bourse website. The regulator said in November that listed firms would have to comply with corporate governance rules on disclosures in reports by their boards as of 2009. Adherence to corporate governance regulations has been voluntary since they were issued in 2006. Boards of listed firms had been required to name other firms where their members were also serving as directors.
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