{"id":601050,"date":"2019-02-18T04:10:11","date_gmt":"2019-02-18T04:10:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/"},"modified":"2019-02-18T04:10:11","modified_gmt":"2019-02-18T04:10:11","slug":"gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/","title":{"rendered":"GAFI amends governance regs for subsidiaries of state-owned companies"},"content":{"rendered":"

REGULATION WATCH- GAFI amends governance regs for subsidiaries of state-owned companies: <\/b>The General Authority for Investments (GAFI) has amended corporate governance regulations for companies whose shareholders include a state-owned companies holding a minimum stake of 25%, Al Mal reports<\/a>. The new guidelines mandate that these companies hire an auditor other than CAPMAS (as is the case for state-owned companies). The guidelines also state that these companies will not be classified as state-owned companies (or public sector companies). The companies is part of a series of reforms to state-owned companies currently being enacted ahead of the state privatization program. These include amendments to the Public Enterprises Act<\/a> that would allow private-sector companies to own stakes of just under 50% in the ministry\u2019s holding companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

REGULATION WATCH- GAFI amends governance regs for subsidiaries of state-owned companies: The General Authority for Investments (GAFI) has amended corporate governance regulations for companies whose shareholders include a state-owned companies holding a minimum stake of 25%, Al Mal reports. The new guidelines mandate that these companies hire an auditor other than CAPMAS (as is the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,461,79,2380,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601050","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-gafi","tag-public-enterprises-ministry","tag-speed-round","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"68531a89-6c75-4db3-b05f-54b2074c94be","is_powered_by":true,"section_story_id":"99a32410-7f8c-44b8-b27d-6e3f9978eb05","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601036],"teaser":"","voice_url":""},"yoast_head":"\nGAFI amends governance regs for subsidiaries of state-owned companies - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GAFI amends governance regs for subsidiaries of state-owned companies\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- GAFI amends governance regs for subsidiaries of state-owned companies: The General Authority for Investments (GAFI) has amended corporate governance regulations for companies whose shareholders include a state-owned companies holding a minimum stake of 25%, Al Mal reports. The new guidelines mandate that these companies hire an auditor other than CAPMAS (as is the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-18T04:10:11+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"GAFI amends governance regs for subsidiaries of state-owned companies\",\"datePublished\":\"2019-02-18T04:10:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/\"},\"wordCount\":131,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"GAFI\",\"Public Enterprises Ministry\",\"SPEED ROUND\",\"state privatization program\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/\",\"name\":\"GAFI amends governance regs for subsidiaries of state-owned companies - 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