Qatar Financial Markets Authority (QFMA) has approved the project corporate governance guide for listed companies in the Doha Securities Market.

’This Guide was developed in collaboration with Hawkamah Institute, according to relevant international principles and standards and taking into account the specific attributes of the Qatari Market, the Qatari Corporate law and other relevant laws in the State,’ said Nasser Ahmad Al Shaibi, deputy chief and acting chief of QFMA.

’The QFMA Corporate Governance Guide should apply to all listed companies in Doha Securities Market, and generally, in any other exchange to be established in Qatar the State under the supervision of QFMA’, Al Shaibi added.

The Project Guide sets out the principles and applications for good corporate governance, and in particular, with regard to the board of directors, considering that good governance is a key prerequisite for good performance of any company.-TradeArabia News Service