Kuwait Court of Cassation principle number 282

The company’s board of directors. Its competence to manage the company. Its members are agents of the shareholders’ general meeting for carrying out management functions. Termination of the agency upon the expiry of the board’s term, resignation, or dismissal. Its necessary consequence. The old board continues to perform its functions to preserve the company’s assets and safeguard its interests and those of the shareholders, so that they are not endangered by its agents’ ceasing their work and leaving management vacant. - The expired board may call the company’s general meeting to elect a new board of directors. The basis thereof. Article 719 of the Civil Code.