Saudi regulator proposes giving shareholders more say over loss-making firms and boards

RIYADH: Saudi Arabia’s markets regulator has proposed giving shareholders more power over listed companies, from demanding in-person assemblies to pushing loss-making firms to publish recovery plans.

It is the latest in a series of measures by the Capital Market Authority to tighten governance at listed companies, following its April approval of new rules for removing board members. The changes would apply to a…