Corporate governance mechanisms and their role in enhancing the reality of reporting on sustainable development in Iraq

Abstract

The aim of the research is to study and analyze the accounting dimensions of the mechanisms of corporate governance and sustainable development, and the nature of the impact of the mechanisms of corporate governance on the reality of reporting elements of sustainable development of a sample of banks listed in the Iraqi Stock Exchange and the Arab Islamic International Bank as it prepares sustainability reports that correspond to the period of research for Iraqi banks The research sample.

To achieve this objective, corporate governance mechanisms (disclosure, transparency, board size, ownership focus, administrative ownership, external auditor's opinion) have been used as independent variables as well as reliance on GRI indicators on sustainability reporting as the latest in this the field is a variable of the selected research sample and a time series (2013-2016).

The researcher relied on the statistical program (SPSS) to analyze the data and arrive at the results such as the simple linear regression coefficient, the arithmetic mean, the standard deviation, the highest value, the lower value, and the Pearson correlation coefficient.

The research reached a number of conclusions, the most important of which were:

• There is a weak reporting on the elements of sustainable development, focusing attention on financial and economic performance without taking into account environmental and social performance.
• Different application of the mechanisms of corporate governance for Iraqi banks The sample of the research, in contrast to the Arab Islamic Bank has achieved a good level of reporting on the elements of sustainable development as a result of the implementation of indicators developed by the Global Reporting Initiative (GRI) In addition to the application of the mechanisms of corporate governance level High and stable compared to the Iraqi banks sample research during the research period (2013-2016).
• The existence of a significant statistical relationship between the mechanisms of corporate governance (disclosure and transparency, concentration of ownership, administrative ownership, opinion of the external auditor) and the reality of reporting on sustainable development (economic, environmental and social).