This study empirically examines the impact of effectiveness of both corporate boards and\naudit committee on foreign ownership in selected non-financial listed companies of the stock\nmarkets in Gulf Cooperation Council (GCC) countries. The study was built on fixed effect\nmodel and conducted over the period of 2012-2015 for 143 non-financial listed companies on\nthe GCC stock markets. Our results explain that foreign ownership is positively related to the\neffectiveness of both the boards of directors and the audit committees. The implication of this\nstudy may help beneficiaries in making better policy decisions and provide guidance for\ncorporate managers on the needs of foreign investors.
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