Copyright Gulf Daily News Bahrain
Today the MOIC and Central Bank of Bahrain officially announced the new corporate governance code which will be become applicable 1 January 2011.
Here is the text of the CGC as per the CBB website.
While the CGC has been a while in the making (and involved some co-ordination "issues" between the MOIC and CBB as well as the usual consultation process and objections by industry), the struggles to get the text finalized will pale next to securing effective implementation at the company level.
That being said it's a step in the right direction.
GDN article here.
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