Preprint Article Version 1 This version is not peer-reviewed

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

Version 1 : Received: 23 November 2018 / Approved: 26 November 2018 / Online: 26 November 2018 (09:48:49 CET)

How to cite: Malkawi, B.H. Structure and Role of the Board of Directors according to the Company Law of Jordan: The Need for Revision. Preprints 2018, 2018110577 (doi: 10.20944/preprints201811.0577.v1). Malkawi, B.H. Structure and Role of the Board of Directors according to the Company Law of Jordan: The Need for Revision. Preprints 2018, 2018110577 (doi: 10.20944/preprints201811.0577.v1).

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.

Subject Areas

corporate governance, Jordan, board of directors, compensation, board independence

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