The guide draft of IFSC is a fundamental response to the activation of corporate governance in Iraqi Tourism companies
Corporate governance is the way of progress for individuals, institutions and society as a whole. The mechanisms of corporate governance provide individuals with an appropriate amount of assurance to achieve reasonable profitability for their investments while at the same time working on the efficie...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
AfricaJournals
2020-01-01
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| Series: | African Journal of Hospitality, Tourism and Leisure |
| Subjects: | |
| Online Access: | https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_46_vol_9_1__2020_iraq.pdf |
| _version_ | 1828444699655929856 |
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| author | Muna Kamel Hamad Nada Salman ALazzawi IIham Mohammed Wathik |
| author_facet | Muna Kamel Hamad Nada Salman ALazzawi IIham Mohammed Wathik |
| author_sort | Muna Kamel Hamad |
| collection | DOAJ |
| description | Corporate governance is the way of progress for individuals, institutions and society as a whole. The mechanisms of corporate governance provide individuals with an appropriate amount of assurance to achieve reasonable profitability for their investments while at the same time working on the efficiency and soundness of institutions' performance. Thus, it supports the stability and progress of financial markets, economies and societies. The study aims to shed light on the principles of corporate governance guide draft issued by the Iraqi Financial Securities Commission (IFSC) to show their strengths and shortcomings in comparison to the principles of the Organization for Economic Cooperation and Development (OECD) on governance. The research method included a comparison of the principles of OECD and IFSC and data collected from a sample of Iraqi Tourism to show the application level of the principles of corporate governance in these Tourism. The research concluded that the guide draft of the principles of corporate governance prepared by IFSC was considered a serious attempt to deepen the concept of institutional governance and mechanisms to practically apply this concept in the Iraqi companies. The research also revealed a high level in the application of corporate governance principles by most Iraqi Tourism. |
| first_indexed | 2024-12-10T21:47:22Z |
| format | Article |
| id | doaj.art-43eb84351ec34443a2e43f3e27199f25 |
| institution | Directory Open Access Journal |
| issn | 2223-814X |
| language | English |
| last_indexed | 2024-12-10T21:47:22Z |
| publishDate | 2020-01-01 |
| publisher | AfricaJournals |
| record_format | Article |
| series | African Journal of Hospitality, Tourism and Leisure |
| spelling | doaj.art-43eb84351ec34443a2e43f3e27199f252022-12-22T01:32:19ZengAfricaJournalsAfrican Journal of Hospitality, Tourism and Leisure2223-814X2020-01-0191The guide draft of IFSC is a fundamental response to the activation of corporate governance in Iraqi Tourism companiesMuna Kamel Hamad0Nada Salman ALazzawi 1IIham Mohammed Wathik 2Accounting and Financial Control department, College of Business Economics AL Nahrain University, Iraq Agricultural Engineering Economics Department College of Agricultural Engineering Sciences Baghdad University, IraqFaculty of Administration and Economics Al-Iraqia University, Iraq Corporate governance is the way of progress for individuals, institutions and society as a whole. The mechanisms of corporate governance provide individuals with an appropriate amount of assurance to achieve reasonable profitability for their investments while at the same time working on the efficiency and soundness of institutions' performance. Thus, it supports the stability and progress of financial markets, economies and societies. The study aims to shed light on the principles of corporate governance guide draft issued by the Iraqi Financial Securities Commission (IFSC) to show their strengths and shortcomings in comparison to the principles of the Organization for Economic Cooperation and Development (OECD) on governance. The research method included a comparison of the principles of OECD and IFSC and data collected from a sample of Iraqi Tourism to show the application level of the principles of corporate governance in these Tourism. The research concluded that the guide draft of the principles of corporate governance prepared by IFSC was considered a serious attempt to deepen the concept of institutional governance and mechanisms to practically apply this concept in the Iraqi companies. The research also revealed a high level in the application of corporate governance principles by most Iraqi Tourism.https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_46_vol_9_1__2020_iraq.pdftourismcorporate governancetourism regulationboard of directorsshareholders' rightsinvestor protectionagency problems |
| spellingShingle | Muna Kamel Hamad Nada Salman ALazzawi IIham Mohammed Wathik The guide draft of IFSC is a fundamental response to the activation of corporate governance in Iraqi Tourism companies African Journal of Hospitality, Tourism and Leisure tourism corporate governance tourism regulation board of directors shareholders' rights investor protection agency problems |
| title | The guide draft of IFSC is a fundamental response to the activation of corporate governance in Iraqi Tourism companies |
| title_full | The guide draft of IFSC is a fundamental response to the activation of corporate governance in Iraqi Tourism companies |
| title_fullStr | The guide draft of IFSC is a fundamental response to the activation of corporate governance in Iraqi Tourism companies |
| title_full_unstemmed | The guide draft of IFSC is a fundamental response to the activation of corporate governance in Iraqi Tourism companies |
| title_short | The guide draft of IFSC is a fundamental response to the activation of corporate governance in Iraqi Tourism companies |
| title_sort | guide draft of ifsc is a fundamental response to the activation of corporate governance in iraqi tourism companies |
| topic | tourism corporate governance tourism regulation board of directors shareholders' rights investor protection agency problems |
| url | https://www.ajhtl.com/uploads/7/1/6/3/7163688/article_46_vol_9_1__2020_iraq.pdf |
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