The Extent of Commitment of Iraqi Commercial Banks to The Disclosure and Transparency Requirements of Corporate Governance Principles Issued by The Central Bank of Iraq.

Abstract

The main aim of this research is to examine the commitment of Iraqi commercial banks to the corporate 
governance (CG) manual issued by the central bank of Iraqi. The focus is on disclosure and transparency 
which is one of the main principles of good corporate governance. In 2018 and aligned with international 
standards, such as BCBS; IFC; OECD; AAOIFI and IFSB, the central bank of Iraq issued a Corporate 
Governance manual. The manual reflects the interest of the central bank in promoting the practices of 
CG in general and disclosure and transparency, in particular, to ensure that reliable information is 
adequately provided and equally accessible to all stakeholders. The research also aims to investigate the 
influence of the central bank in ensuring the application of the manual. This research adopted a 
quantitative approach to collect the data. To achieve these goals, data were collected based on a 
secondary source (CG manual) in addition to a questionnaire that was distributed to several commercial 
banks in Iraq that apply the CG manual. SPSS was used to analyse the data collected focusing on the 
Mean and Standard deviation. The results reveal that the central bank encourages commercial banks to 
develop their manual based on the CG manual set by the central bank.