The Palestine Capital Market Authority has issued new corporate governance instructions for companies listed on the Palestine Exchange, updating the governance framework for all public shareholding companies in scope and aligning it with the new Companies Law and evolving governance standards. The instructions set an integrated legal framework for governance of listed public shareholding companies to support transparency, accountability and board performance. Key requirements include clearer criteria for defining an “independent member” and a minimum requirement for at least one independent director on the board, mandatory representation of both genders on boards, and disclosure requirements covering environmental, social and governance (ESG) practices. Alongside mandatory provisions, the authority plans to issue optional governance rules intended to help companies progress to more advanced levels of compliance. The authority stated it will provide technical support and facilitation during a transition period to help companies align internal systems with the new requirements, and encouraged companies, legal advisers and investors to consult the full text on its website.
Palestine Capital Market Authority 2026-01-18
Palestine Capital Market Authority issues new corporate governance instructions for Palestine Exchange listed companies
The Palestine Capital Market Authority has issued new corporate governance instructions for companies listed on the Palestine Exchange, aligning with the new Companies Law and evolving standards. Key requirements include criteria for independent directors, mandatory gender representation on boards, and ESG disclosure. Optional governance rules will also be introduced to aid compliance progression.