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Article

Structure and Role of the Board of Directors according to the Company Law of Jordan: The Need for Revision

This version is not peer-reviewed.

Submitted:

23 November 2018

Posted:

26 November 2018

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Abstract
Corporate governance is developing rapidly in many countries across the world. In this article, the existing state of corporate governance in Jordan is examined. Jordan does not have a corporate governance code per se. The article reveals that overall Jordan has in place some of the features of corporate governance best practice, but that there remains further progress to be made in areas such as independence of directors, compensation, and correlation between shareholding and entitlement to seats on the board. The article recommends legal reforms in order to enhance corporate governance in Jordan.
Keywords: 
corporate governance, Jordan, board of directors, compensation, board independence
Subject: 
Social Sciences  -   Law
Copyright: This open access article is published under a Creative Commons CC BY 4.0 license, which permit the free download, distribution, and reuse, provided that the author and preprint are cited in any reuse.

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