The role of management of joint-stock companies in implementing the governance system
DOI:
https://doi.org/10.25007/ajnu.v13n2a1262Keywords:
الكلمات المفتاحية: شركات المساهمة، نظام الحوكمة، مجلس الإدارة، مبادئ (OECD)، مسؤولية الإدارة.Abstract
It is known that the governance system seeks to reorganize the management mechanisms of joint-stock companies and the links contained therein between management and those dealing with them, through a set of legal principles, the most prominent of which are disclosure, transparency, responsibility, accountability, fair treatment, and effective oversight, in order to reduce the financial crises they face. These efforts were embodied either in legislating a special governance system and obliging companies to implement it, or amending corporate laws by adopting governance rules and mechanisms. Given the main role of the Board of Directors as the highest executive authority in joint-stock companies, it is not exempt from the principles of this system. Rather, many International and national principles activate the role of the Board of Directors within the governance system, in order to protect the rights of shareholders and other parties on the one hand, and on the other hand to ensure the proper application of the principles of this system in companies. Therefore, this research aims to identify the principles of corporate governance, especially those related to its management, as well as the responsibility of management in implementing this system.
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2 القوانين
أ. مبادئ منظمة التعاون الإقتصادي والتنمية (OECD) لسنة (2004) المعدل.
ب. قانون العقوبات العراقي رقم (111) لسنة (1969) المعدل.
ج. قانون الشركات العراقي رقم (21) لسنة (1997) المعدل.
د. قانون المؤقت لأسواق الأوراق المالية العراقية رقم (74) لسنة (2004).
ه. تعليمات إيقاف تداول وشطب الشركات في سوق الأوراق المالية الصادرة من هيئة الأوراق المالية العراقية رقم (3) لسنة (2015).
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