دور الحوكمة في تحقيق الإفصاح و الشفافية في ظل الازمة المالية العالمية

دراسة نظرية

Abstract

Nowadays accounting profession witness a strong trust crisis. It could be
regarded to a large extent an ethical crisis emerging obviously from narrow
self-interest on a large part of financial sector in various countries. This
crisis ,although appeared recently in the united states of America, will not
be limited only on this country. It will extend to most of the countries of the
world. The appearance of financial crises during the few past years has
increased the complication of the matter due to some mistaken practices such as accounting, reviewing, disclosure, financial fraud and administrative
corruption in some of the giant international companies which led to
bankruptcy which entails huge losses in the directed interests as well as to
the national respective economies and then to the global economy. So there
was a global concern toward the governance of companies as a structural
system and procedural program to control the managements of firms so as to
prevent them from misusing their authorities and induce them to safeguard
the shareholders rights and the other stakeholders, and improve their
accounting performance and practices in addition to assure the transparency
of financial and non-financial reports issued by them. Thus governance of
companies appears to be a remedy and preventive action against financial
fraud, administrative corruption and the decline of performance level. It is
also a tool to improve performance, and its financial values, economical and
financial values of the firm which will be for the benefit of all stakeholders
of the economies of the countries, and then the international economic. The
good disclosure and transparency in showing financial and non-financial
information represent one of the basic principles which companies
governance is based on. For this reason there was an emphasis on the role of
governance and transparency in achieving the disclosure and transparency in
every report study specially their effective technique to assure the interests
of various stakeholders, as wall as they representation of one of the
important indicators to see whether the governance system is applied in
economical units . The framework of governance must include the precise
and timely disclosure for all the important things concerned the economical,
their financial position, financial performance, operation, and their cash
position.