Qatari legislation and applicable regulations have succeeded in establishing an effective application of governance principles and standards, Qatar International Centre for Conciliation and Arbitration (Qicca) board member for International Relations Sheikh Dr Thani bin Ali al-Thani has said.
“The Wise Leadership of Qatar has attached great importance to the governance of companies as it constitutes a key driver of economic development,” said Sheikh Thani during the third edition of the ‘Conference on Listed Corporate Governance’ held recently via video conference.
He stressed that public shareholding companies that represent and are at the forefront of the private sector are committed to writing annual reports and showing their performance and achievements, as well as legal obligations in the field of governance.
Sheikh Thani also noted that the Law No (11) of 2015 has allotted a full chapter for public shareholding companies and placed many articles and rules related to governance.
He also referred to the corporate governance system and the legal entities listed in the main market issued by the Qatar Financial Market Authority (QFMA) Board Decision No (5) of 2016 and to Circular No (68) of 2015 issued by the Qatar Central Bank on principles of governance in banks.
The conference also deliberated on the major issues and developments in the fields of governance and reviewed leading local, regional, and global practices in this regard.
The event was also highlighted by the launching of a book titled ‘Governance Reports’.