Descriptive Evidence Of Corporate Governance & OECD Principles For Compliance With Jordanian Companies
Researcher Name
Yousef Shahwan
Name Of Journal
JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA
Volume No.
LXI, 3, 2016, pp. 99-116
Date Of Publication
2016.04
Abstract
ABSTRACT. The OECD principles of Corporate Governance (CG) are the
most important public policy mechanisms that assist regulators to efficiently
evaluate and improve the institutional, regulatory and legal framework for
sound CG. Consequently, the primary objective of this study is to assess
the level of practical compliance with the OECD principle of CG by the
Jordanian companies. The paper is designed using the conceptual approach.
The information used for the study is obtained from the library search. The
study found that some of the OECD principles are practically implemented
such as (i) framework of good CG; (ii) the rights of shareholders; (iii) role of
stakeholders; and (iv) disclosure and transparency. The principle of equitable
treatment of shareholders and the responsibility of the board are also used
in practice. However, it is suggested that the Jordanian companies should
strictly apply the remaining principles because they recognise the importance
of every aspect of organi