Kuwait Court of Cassation principle number 3911

The acts for which the chairman and members of the board of directors of a shareholding company are liable toward the company, shareholders, and third parties. Their nature. The condition for their liability to arise. Actually undertaking management or participating therein. The absence thereof and the undertaking of management by another. Its effect. The latter's liability for it. The reason therefor. Articles 148, 149, 204 of the Companies Law.