Kuwait Court of Cassation principle number 115
State of Kuwait · Pleadings — Part Three · Ministry of Justice — Court of Cassation — Technical Office
English translation of the principle
Management of the board of a joint-stock company. It is entrusted to the chairman and its members in their capacity as agents of the general meeting of shareholders, in return for remuneration. They must exercise ordinary care in safeguarding the principal's interests. The implication thereof. Their liability for every default, negligence or violation of the law while carrying out the acts of this agency.
Arabic original
إدارة مجلس الشركة المساهمة. لرئيس المجلس وأعضائه بصفتهم وكلاء عن الجمعية العامة للمساهمين وذلك مقابل حصولهم على أجر. وجوب بذلهم العناية المألوفة في رعاية مصالح الموكل. مؤدى ذلك. مسئوليتهم عن كل تقصير أو إهمال أو مخالفة للقانون أثناء مباشرة أعمال هذه الوكالة.Original Arabic judgment citations
(الطعن ٤٧٧/٢٠٠١ مدني جلسة ٣٠/١٢/٢٠٠٢ مج القسم الخامس المجلد الحادي عشر ص٦٤٧)
Source: Court of Cassation legal principles collection — Pleadings — Part Three — Ministry of Justice — Court of Cassation — Technical Office. Printed page 25. PDF pages: 22.
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