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Research on Corporate Governance
10-Jul-2018
Research on Corporate Governance
By Mr. Said Suleiman, CPA, JCPA
Deputy President of the Arab Society of Certified Accountants (Jordan)
AMMAN - The corporate governance is a multi- faced subject matter and is primarily related to guaranteeing that the persons in charge are held accountable in an attempt to mitigate the risks, achieve justice and equality, and economic efficiency. There has been a growing interest in the corporate governance since 2001 after the collapse of many major USA companies such as Enron and WorldCom. Thus, the US government has passed Sarbanes- Oxley Act to regain trust in the US companies’ managements. This Act regulates many of the different and various aspects especially the relation between the ownership and the management to create a balance between the forces especially the management and the monitoring authorities.
Corporate governance is defined as the system through which the businesses facilities are managed and monitored. Moreover, governance is regarded as a means to enhance the transparency and accountability.
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