Despite the adoption of the mixed approach in the application of corporate governance (CG), largely based on the ‘comply or explain’ principle, the Kuwaiti corporate governance system still faces major limitations that have become particularly noticeable from the event of voluntary delisting by a slew of companies after the new Kuwaiti Code of Corporate Governance (KCCG) came into force in 2016. One apparent limitation is caused by the widespread culture of non-compliance, an observation supported by the Capital Market Authority Report on Voluntary Delisting from 2010 to 2016. Empirical analysis was conducted on a sample of 29 companies, all of which were delisted during application of the new KCCG of 2015 until April 2020. This voluntary delisting also indicates other salient limitations such as deficiencies in the CG legal framework, the asymmetrical concentration of share ownership in the hands of larger shareholders, and the passivity of shareholders in Kuwaiti-listed shareholding companies.

尽管在公司治理（ CG ）的应用中采用了混合方法，主要基于“遵守或解释”原则，但科威特公司治理体系仍然面临重大局限性，这一点在公司自愿退市事件中变得尤为明显。 2016 年新的科威特公司治理准则 ( KCCG ) 生效后，大量公司出现了这种情况。其中一个明显的限制是普遍存在的不合规文化造成的，资本市场管理局关于 2010 年至 2016 年自愿退市的报告支持了这一观察结果对 29 家公司进行了实证分析，这些公司均在 2015 年新KCCG实施期间至 2020 年 4 月期间退市。这种自愿退市还表明了其他显着局限性，例如 CG法律框架的缺陷、企业的不对称集中度等。股权掌握在大股东手中，以及科威特上市股权公司股东的被动性。