Qatar Corporate Governance Framework

What is the Qatar Corporate Governance Framework?

The Qatar Corporate Governance Framework is a set of rules and guidelines issued by the Qatar Financial Markets Authority (QFMA) to ensure transparency, accountability, and fairness in the operations of publicly listed companies. First issued in 2009 and updated in 2016, the framework aligns with global best practices and supports Qatar’s efforts to build a resilient, investor-friendly capital market.

It applies to all listed companies on the Qatar Stock Exchange (QSE) and sets minimum governance standards while encouraging stronger compliance with international benchmarks.

Why the Qatar Corporate Governance Framework Matters

  • Investor Protection – Safeguards minority shareholders and strengthens trust in the Qatari capital market.

  • Board Accountability – Defines clear roles and responsibilities for directors and committees.

  • Transparency & Disclosure – Enhances the reliability of financial and non-financial reporting.

  • Risk Oversight – Requires companies to implement robust internal controls and compliance systems.

  • Economic Growth – Supports Qatar’s vision of a diversified, sustainable economy.

Key Provisions of the Qatar Corporate Governance Framework

  1. Board of Directors

    • Independent and non-executive director requirements

    • Separation of chairman and CEO roles

    • Establishment of audit, nomination, and remuneration committees

  2. Shareholder Rights

    • Equal treatment of shareholders, including minority investors

    • Voting rights in general assemblies

    • Protection against conflicts of interest

  3. Disclosure & Transparency

    • Periodic financial and governance reporting to the QFMA

    • Disclosure of related-party transactions

    • Publication of governance reports

  4. Internal Control & Risk Management

    • Mandatory internal audit functions

    • Board oversight of compliance systems and enterprise risks

    • Annual governance reviews to ensure continuous improvement

Example in Practice

A company listed on the Qatar Stock Exchange must establish an independent audit committee to oversee financial reporting, external audits, and risk controls. This protects investors and strengthens transparency.

How VComply Can Help

VComply supports Qatari companies in complying with the Corporate Governance Framework by:

  • Automating board workflows (meetings, voting, minutes, and approvals)

  • Centralizing compliance tracking for QFMA requirements

  • Streamlining audit and risk management processes

  • Managing policy lifecycles in line with governance obligations

  • Offering real-time dashboards to enhance board oversight and stakeholder trust

With VComply, organizations in Qatar can simplify compliance, strengthen governance practices, and maintain alignment with QFMA standards.