Oversight of corporate governance Comparative study (Yemeni - Qatari)

Abstract

Oversight of commercial corporate governance is considered one of the important factors for achieving transparency and credibility in corporate management, as it includes a set of systems and procedures aiming at ensuring the highest levels of integrity in corporate management and guaranteeing compliance to applicable standards, laws and regulations in a manner that achieves the legitimate interests of all shareholders and stakeholders. Oversight of the governance of commercial companies is done through internal and external oversight. Internal oversight takes place through two mechanisms: the first mechanism is through self-monitoring, which takes two forms: the first is carried out by the administration appointed or elected by the General Assembly within the framework of recognized self-monitoring, and the second form is through the oversight of internal audit units. The second mechanism is through shareholders’ oversight within the framework of their rights stipulated in the laws through the General Assembly.

As for external oversight, it is either an accompanying and permanent oversight of the activity of commercial companies by the government and through the auditor, as well as by the judiciary oversight, which exercises its oversight through the framework specified in the laws and legislation related to companies. It is divided into two types: the first is oversight before the civil judiciary, and the second is oversight before the criminal judiciary. The research concluded with a number of conclusions and recommendations