Corporate Governance in Bahrain

14 Pages Posted: 20 Mar 2003

See all articles by Saleh H. Hussain

Saleh H. Hussain

Saudi National Commercial Bank

Chris Mallin

Norwich Business School, University of East Anglia; University of Birmingham - Birmingham Business School

Abstract

Corporate governance is developing rapidly in many countries across the world. In this paper we analyse the existing state of corporate governance in a country in the Middle East: Bahrain. We employ a survey methodology, with a questionnaire being sent to all of the companies listed on the Bahrain Stock Exchange Market. An analysis of the responses reveals that Bahraini companies have in place some of the features of corporate governance best practice with boards dominated by non-executive directors, for example, and the separation of the roles of Chair and CEO. However, it is not clear how effective the nomination/appointments process is and directors tend to be fairly entrenched. In terms of risk management and control, the majority of Bahraini companies have an internal audit department and risk management control. Overall, it seems that Bahraini companies have a number of key corporate governance structural features in place, but that there remains further progress to be made.

Keywords: Corporate Governance, Directors, Board Structure, Bahrain

Suggested Citation

Hussain, Saleh H. and Mallin, Christine, Corporate Governance in Bahrain. Available at SSRN: https://ssrn.com/abstract=314291

Saleh H. Hussain (Contact Author)

Saudi National Commercial Bank ( email )

P.O. Box 10363
Manama
Bahrain

Christine Mallin

Norwich Business School, University of East Anglia ( email )

Norwich Research Park
Norwich, NR4 7TJ
United Kingdom

University of Birmingham - Birmingham Business School ( email )

Edgbaston Park Road
Birmingham, B15 2TY
United Kingdom

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