Multinational corporation in the Middle East and corporate governance. (c2012)

Abstract

This thesis examines the opportunity Multinational Corporations (MNCs) present in fostering Corporate Governance in the Middle East sand particularly in the Kingdom of Bahrain. The extent to which MNCs have succeeded in complementing the Kingdom’s global economic integration as well as political wellbeing is measured. The concepts of corporate social responsibility and Corporate Governance are further evaluated throughout the relevant decision making process adopted by the Kingdom. The relationship between MNCs and Governance is further assessed through a series of interviews conducted with selected CEOs and government officials. The analysis and findings reveal relative success of MNCs operating in Bahrain in the integration of the Bahraini economy into world markets and, consequently, in fostering joint domestic ventures. Economic revitalization is directly reflected in the political modernization of the state. Yet, the growing role of MNCs in both the globalization of the domestic market and the reformulation of governance poses a serious challenge for Bahrainis nationalism. This thesis reveals serious obstacles and opportunities for governance in light of the increasing MNCSS. The ability for government to remain accountable to its own citizens while forging economic ventures with MNCs needs to be scrutinized as to preserve mutual benefits.