Kuwait Court of Cassation principle number 1114

The committee constituted pursuant to Article Five of the Decree issued on 14/8/1983 regulating the Kuwait Stock Exchange. Its competence to manage the market, and it may apply the penalty of excluding shares involved in a violation of the provisions of this Law or the decisions issued pursuant thereto from the quorum required for the valid convening of the company’s general assembly and from voting on resolutions adopted by the assembly for two electoral terms. The committee may establish the conditions, time limits and means by which interests in shares are disclosed. 10- Jurisdiction of the Compensation Committee for State Employees:-