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Oman's FSA clarifies implementation of board nomination rules for public joint-stock firms
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Oman's FSA clarifies implementation of board nomination rules for public joint-stock firms
MUSCAT: The FSA said the requirements will take effect in two circumstances: when the term of a company’s existing Board of Directors expires and its first new board is formed, and when vacancies arise on the boards of existing firms and new members are elected or appointed to fill those positions.The authority said the approach is intended to move beyond formal compliance with the nomination requirements and promote effective board performance …
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