The Kuwait Capital Markets Authority has issued a decision amending parts of Book 15 on corporate governance in the Executive Regulations of Law No. 7 of 2010, and revising Appendix 2 on the structure of the corporate governance report template. The decision takes effect from the date of issuance, and companies must bring their positions into line with the changes by the end of 2026. Two transition exceptions are specified. The amended provisions in Article 2-3 concerning the conditions that must be met by an independent board member will apply when a new board is elected after the current board's term ends, at the first ordinary general assembly meeting held for that purpose at least three months after the decision's issuance. The amended provisions in Article 13-1 concerning the forms that must be submitted through the governance system on the authority's electronic portal apply from the date of issuance.
Kuwait Capital Markets Authority 2026-05-06
Kuwait Capital Markets Authority amends corporate governance rules and reporting template with transition to end-2026
The Kuwait Capital Markets Authority has amended parts of Book 15 on corporate governance in the Executive Regulations of Law No. 7 of 2010 and revised Appendix 2 on the corporate governance report template, with immediate effect and a compliance horizon to end-2026. Transitional provisions clarify that new conditions for independent board members in Article 2-3 apply upon election of new boards, while amended Article 13-1 requirements on forms submitted via the authority’s electronic governance portal apply from the date of issuance.