Corporate Governance
We are one of the few law firms in the region that specializes in corporate governance. Abdou Law Firm has the top three experts in the country, Dr. Majdi Abdou, Dr. Faraj Hamuda, and Dr. Howeida Fnayish (now she is an external expert). Our team have received PhDs on corporate governance from prestigious universities and published respected articles on the subject in Arabic and English. They have contributed to the development of governance in a number of public and private companies, including the Development Fund and Libyan Public Telecommunication companies, and helped them to develop robust governance structures. They have also contributed to the development of financial and commercial legislation in Libya. Therefore, Abdou Law Firm has a team of experts with in-depth knowledge of and insight into international and local corporate governance issues that are applicable to companies operating in the region. Our company maintains continuous contact with regulators in Libya, ensuring that we remain on top of corporate governance requirements.
As a result of our knowledge and experience, we can advise banks and private and public companies in all matters related to corporate governance practices. We can also provide corporate governance guidelines that detail local and international requirements. Our firm can offer advice in many fields including:
We provide legal advice in all matters related to corporate governance issues to board members, managers, and key shareholders. Our team can act as a private or public external consultant to assist clients in developing compliance programs for corporate governance. We can provide regular advice on when to use different forms of entities and how to design governance structures for those entities. We can also help our clients in company restructuring, from recapitalization to reorganization and rationalization of departments and subsidiaries.
As external consultants, we are able to advise the chairman and members of the board of directors on all matters related to corporate governance.
- Board of Directors: requirements related to membership and board structure, board meetings, duties and responsibilities of board members, remuneration, and conflicts of interest issues.
- Controls: internal controls, audit, external control measures, and committee functions.
- The best practice of governance and delegation of duties.
- Shareholders’ equity.
- Disclosure and transparency requirements.
- Basic administrative requirements.
- Relationships between holding companies and their subsidiaries (foreign and domestic).
- Defining the obligations of managers and employees under Libyan laws and regulations.
- A and M issues.
- The relationship between the shareholders and members of the board of directors.
- The relationship between the company and its stakeholders.
We provide legal advice in all matters related to corporate governance issues to board members, managers, and key shareholders. Our team can act as a private or public external consultant to assist clients in developing compliance programs for corporate governance. We can provide regular advice on when to use different forms of entities and how to design governance structures for those entities. We can also help our clients in company restructuring, from recapitalization to reorganization and rationalization of departments and subsidiaries.