Summarizing Articles About Corporate Governance Practice in Listed Companies in Bahrain

Abstract

Corporate governance is developing rapidly in many countries across the world. This project will evaluate the compliance level of companies listed in Bahrain stock exchange with the corporate governance code of the country by take in concern four factors, which are the separation of the chairman from the executive level in the organization, number of independent directors in the board, availability of internal audit department and number of board members. It’s found that 100% of the companies are in compliance with maximum number of board members requested by the code (15 members); also the majority of the companies have internal audit departments. Moreover, it’s found that 60% of the companies are applied the separation concept and their most of the board members are independent directors. As a result, it’s obvious that the Bahraini listed companies have a good compliance level with corporate governance code but its need some improvements that will be discussed in the project.