The Civil Responsibility of the Corporate Board of Directors Towards the Shareholder According to Saudi Companies’ Law Year 1443 AH

Type:	Research
Author:	Researcher / Ahmed Mohamed Ahmed Al-Nashiri
Year of issuance :	2023
Summary:	By AI The study aims to highlight the civil responsibility of the directors’ board towards shareholders in Saudi Companies law for the year 1443 AH, compared to Jordanian Companies Law. The study concluded that the responsibility and liability of directors’ board towards the shareholders for negligence liability is not contractual. However, Jordanian law transferred the company’s contractual obligations in the event of liquidation to the Directors’ Board until a liquidator is appointed. The B...

Type:

Research

Author:

Researcher / Ahmed Mohamed Ahmed Al-Nashiri

Year of issuance :

2023

Summary:

By AI

The study aims to highlight the civil responsibility of the directors’ board towards shareholders in Saudi Companies law for the year 1443 AH, compared to Jordanian Companies Law. The study concluded that the responsibility and liability of directors’ board towards the shareholders for negligence liability is not contractual. However, Jordanian law transferred the company’s contractual obligations in the event of liquidation to the Directors’ Board until a liquidator is appointed. The B...