Cabinet endorsees changes to Companies Law

[13-06-2017 04:35 PM]

Ammon News - AMMONNEWS - The Cabinet on Tuesday approved a bill amending the Companies Law.

The draft law aims at organising the work of companies through regulations ensuring that corporate governance is applied, expanding the oversight powers of shareholders in public shareholding companies, prohibiting individuals from assuming the posts of board chairperson and CEO of the same company at the same time, the Jordan News Agency, Petra, reported.

The bill also provides for legal requirements necessary to establish venture capital companies — which are established for purposes of direct investment or for creating funds to contribute or invest in high-growth companies that are not listed in the stock market.

The draft law seeks to help stumbling firms rectify their situations, Petra added.

  • no comments

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
show email
comment : *
Verification code : Refresh
write code :