If you have suspicions or proof that your rights as a shareholder are being violated, you can inform Shareholder Rights and we will initiate an investigation to substantiate if the harm you perceived indeed constitutes a violation of your shareholder rights under Governance & Integrity criteria. Companies found to have violated your rights will be exposed, with detailed documentation of our investigation. All whistleblowers will be protected by extreme confidentiality and all investigation requests will remain anonymous unless ...
Immediate Release – The Lebanon Report 2017
Solidere S.A.L achieved a score of 33 percent, with a slight change since 2015. Of the ve corporate governance categories, Financial Transparency (81 percent) scored the highest. The company failed to disclose further data for the remaining categories.
In view of Solidere’s delisting of its Globally Depositary Receipts in June 2017 due to low trading volumes after being listed on the London Stock Exchange for 21 years, as well as their precedent delisting from the Kuwait stock exchange in 2007 for finding the submittal of its financial results in a timely manner quite challenging, the company still does not find the importance of complying with best in class corporate governance principles, which exposes stakeholders to unnecessary risk.
For more information, please contact:
Farah Abou Salem
+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.
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