Yemen 24: A Webblog about Yemen

By Moneer Al-Omari In a symposium held on Sunday, the Yemen Polling Center announced the results of a survey on corporate governance in Yemen. The symposium was attended by a large number of businessmen, economists, experts and representatives of companies and local and Arab media outlets. The sample covered five Yemeni provinces, mostly in Sana’a, because most big and medium-sized companies are headquartered or have branches there. Other provinces are respectively Aden, Taiz, Hadramout and Al-Hodeidah. The study was conducted by YPC in collaboration with the Center for International Private Enterprises (CIPE) and Yemeni Businessmen Club (YBC) and targeted 200 major and medium-sized companies. According to the survey results, the levels of transparency and disclosure by companies of Yemen remain very low, as 55 percent of the targeted companies do not disclose the financial position, while just 37 percent disclose information about their profits. The telecommuni