The Board of Directors is seen to have the highest powers in managing a company. It is in charge of appointing a Managing Director and the formation of different committees within the company, overseeing and evaluating its implementation and risk management. The Board are wholly responsible for remunerating the company in cases of deceit, unethical use of sovereignty and breaking national laws.

These Rules were put forward to ensure best performance for shareholders and rights of different parties are withheld.

It is possible to summarise the Laws and Regulations that are in force in Qatar which regulate the work of the Board of directors with the following:

• Qatar Law No. 5/2002 of Companies Commercial Law 2002 and its amendments regulates all companies including those listed in the Stock Exchange.

• Central Bank of Qatar (CBQ) Law, Qatar Law No. 13/2012 regulates financial establishments including banks, insurance and investment companies. Most of these are included in the Stock Exchange Market.

• Qatar Law No. 8/2012 issued responsibilities for the Qatar Financial Market Authority (QFMA).

• Executive Orders from the CBQ to Banks and Financial establishments.