Kuwait Court of Cassation principle number 3914

The chairman and members of the board of directors of a joint-stock company. Liable to the company, shareholders and third parties for all acts of fraud, abuse of authority, every violation of the law or the company's articles, and fault in management. Import thereof. The company, as a legal person, may bring a civil liability action against them. The action is brought by the general meeting of shareholders, by any one of them, or by the new board of directors. A vote by the general meeting discharging the board of directors does not preclude bringing a liability action.