The Essence of Corporate Governance
Volume 7, Issue 25, Pages 1-32
The system of Corporate Governance is a new slogan that many countries adopt and work on for it is a part of the economic globalization system. Some global organizations started hard and continuous work to set global rules for Corporate Governance to be adopted by countries, especially the developing ones for their economic benefits. Adopting these rules can bring the foreign and local investments. This system affirms the principals of transparency of dealing with companies and makes them work according to certain rules and under the supervision of monitoring institutions to help them not to commit any mistakes that will affect the national economy.
Iraq is badly in need for such rules for it is about to start a big investment process which, in turn, needs a legislations of new rules that facilitate the investment process, such as the investment law, the companies law, credit market law, and the banks law. To be fixed to Corporate Governance rules will facilitate the application of these rules correctly to serve Iraqi economy.
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