News

RYMCO sal achieves an F score in Governance and Integrity Rating on online transparency and disclosure for 2017

 

Immediate Release  –  The Lebanon Report 2017

 

Rasamny Younis Motor Co. S.A.L did not show any progress in their disclosure practices. The company continued to perform as a privately-owned family business, thus limiting the disclosures internally within primary shareholders of the company. Their practices reveal their detachment from public listing practices or giving the right signals to foreign investors which defies the purpose of their listing.

 

Lebanese family owned enterprises need special attention from the legal and regulatory bodies in modernizing corporate laws and reinforcing more rigorous governance standards in order to guide corporates in their pursuance of risk mitigation.

 

CG Categories 2017 2015
Audit 0% 0%
BMSP 2% 2%
Financial Transparency 0% 0%
Integrity 0% 0%
Shareholder Rights 0% 0%
Total score 1% 1%

 

 

For more information, please contact:

Farah Abou Salem

Analyst

fabousalem@sharholder-rights.com

+961 1 991911

 

 

 About Capital Concept sal

Since 2004, Capital Concept has been advising companies in the Middle East and North Africa region on corporate governance. Through its alliance with leading international organizations such as the Organization for Economic Cooperation and Development (OECD), the International Finance Corporation (IFC) and the Center for International Private Enterprise (CIPE), as well as through close relationships with regional central banks and capital market regulators, Capital Concept assists clients in implementing best in class corporate governance standards. In April 2013, Capital Concept became the first corporate governance advisory firm recognized by Lebanon’s central bank, Banque du Liban (BDL), to review the banking sector in Lebanon and the MENA region.

 

About Shareholder-Rights©

Shareholder-Rights© by Capital Concept sal (www.shareholder-rights.com), registered in the Ministry of Information of Lebanon under license number 1324/2015, is an online platform that defends shareholder rights worldwide.  Constantly rating and reviewing companies’ Environmental, Social, Governance and CyberSecurity (ESG-C)  commitment to investor rights by shedding light on corporate or regulatory adherence to best practices.

Shareholder-Rights© by Capital Concept sal is an independent provider of research, ratings and assessments on Environmental, Social, Governance and Cyber-Security (ESG-C) practices affecting the performance of public and private companies. Our researchers and analysts are precluded from engaging in any transactions involving any companies we follow. Our ratings and supporting research are intended to provide investors with a clear understanding of ESG-C practices that can and do impact shareholder democracy, investment decisions, and issuer risk. They are not, however, intended for stand-alone use and should not be considered as simple Buy, Sell or Hold recommendations. We encourage investment professionals to regard these ratings as a specialized, proprietary input to be used in combination with existing fundamental analysis or other approaches and to help comply with our standards and get certified/accredited.





Related News

Are you sure you want to proceed to checkout?
Thank you for contacting us, we will get back to you soon.
~Shareholder Rights Team~

Sign In

Lost your password?