INITIATIVE · SHAREHOLDER-RIGHTS©

Shareholder’s Rights
Governance & Transparency in MENA

Capital Concept’s Shareholder-Rights© initiative is dedicated to promoting the adoption of leading international Environmental, Social, and Governance (ESG) principles. Supported by robust research, it has demonstrated its capacity to instigate proactive and positive changes within Lebanon’s corporate landscape.

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FOUR PILLARS OF THE INITIATIVE

01 RATING

Governance and Integrity Rating (GIR)

  • Capital Concept’s Governance and Integrity Rating (GIR) on online transparency and disclosure methodology, developed in consultation with institutional investors, evaluates and scores the transparency and disclosure practices of listed companies.
  • This initiative aimed to provide shareholders with a comprehensive understanding of management decisions, reducing information asymmetry and offering better oversight on investments and risk management mechanisms.

GIR coverage

1,486listed companies rated
15MENA exchanges — all of them

Methodology developed in consultation with institutional investors.

Capital Concept with the Middle East Investor Relations Association
Investor Relations Practices on Listed Companies in the MENA Region

02 RESEARCH

Investor Relations

The investor relations’ function ensures shareholders’ rights to access information. Shareholders can only take informed decisions when information is available to them in a timely manner and articulated in a transparent and clear way.

The purpose of this undertaking was to put at the disposal of capital markets authorities, central banks and corporates comprehensive research results, in a clear and accurate manner, that provide an irrefutable truth about the current practices in the Middle East — allowing Shareholder-Rights© to make the case for the development of the necessary regulation to reinforce the Investor Relations role in listed companies in Lebanon and the Middle East.

03 RESEARCH

Women Representation on Board of Directors

The Shareholder-Rights© research delves into female board participation rates in the Middle East and North Africa (MENA) region. It focuses on Women Representation on Board of Directors on MENA Exchanges and serves as a reference for organizations like the Lebanese League for Women in Business (LLWB), advocating for women empowerment.

Although the numbers remain low, the initiative recognized the positive step towards gender equality in Arab markets.

Signing at the launch of the Women Representation on Boards research
Women Representation on Boards of Directors on MENA Exchanges

Key findings

1,483 publicly listed companies · 13 MENA countries

17% of companies had female directors
  • Fully disclosed board composition1,178 of 1,483

    305 companies did not disclose board composition

  • Companies with female directors17%
  • Women’s share of all board seats4%
Mr. Thomas Krantz speaking at the Shareholder-Rights Lecture Series
Mr. Thomas Krantz, Ethics Activist and Visionary

04 EVENT

Shareholder-Rights Lecture Series

Date
April 25th, 2017
Patronage
Lebanon’s Capital Market Authority
Guest speaker
Mr. Thomas Krantz, renowned ethics activist and visionary, former Secretary General of the World Federation of Exchanges

The event was attended by top executives and board members from prominent Lebanese banks, financial institutions, the Central Bank of Lebanon, the Capital Markets Authority, the Banking Control Commission, and journalists.

During the lecture, Mr. Krantz sounded the alarm on the importance of good governance and the dangers of asymmetry of information and lack of transparency and accountability in the financial market.

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Talk to Capital Concept about transparency, investor relations, and board practices.

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