Structure and role of the board of directors according to the company law of Jordan: The need for revision

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Abstact

Corporate governance is developing rapidly in many countries across the world. In this article, the existing state of corporate governance in Jordan is examined. Jordan does not have a corporate governance code per se. The article reveals that overall Jordan has in place some of the features of corporate governance best practice, but that there remains further progress to be made in areas such as independence of directors, compensation, and correlation between shareholding and entitlement to seats on the board. The article recommends legal reforms in order to enhance corporate governance in Jordan.

Keywords: Board of Directors, Corporate Law, Jordan, Corporate Governance, Board Composition, Liability

JEL Classification: G32, G34, G38

Received: 07.11.2018

Accepted: 14.11.2018

How to cite: Malkawi, B. H. (2019). Structure and role of the board of directors according to the company law of Jordan: The need for revision. Corporate Governance: Search for the Advanced Practices, 80-90. https://doi.org/10.22495/cpr19p1