Saudi Arabia: Government Ministers to be Banned From Being Board Members
Arab News, 12 September 2021: Saudi Arabia’s Government is going to ban Government ministers from being board members of private companies or leading boards of these companies.
They will only be able to lead them or be members of them if they have Government approval.
The aim is to reduce conflicts of interest in companies and improve governance.
Saudi Arabia Cabinet Decision No. A27/1421 will be amended to state ‘[No] minister is allowed to chair the board of any company or even serve as a member. This does not include those whose chairmanship or membership is by order of Prime Minister’.
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