Kuwait Court of Cassation principle number 2106

The company’s board of directors. Its competence to manage the company. Its members are agents of the general meeting of shareholders for performing management activities. Termination of the agency upon expiry of the board’s term, resignation, or removal. Necessary consequence. The former board continues to perform its activities 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 activities and leaving management vacant. - The board whose term has expired may issue an invitation to convene the company’s general meeting to elect a new board. Basis thereof. Article 719, Civil Code. - 366 - Commercial - Removal of the agent:-