The Impact of Corporate Governance on Organizational Development of the Iraqi Commercial Banks

Abstract

This study aims to identify the impact of corporate governance on organizational development of the Iraqi commercial banks, descriptive analytical approach was used to achieve the objectives of the study. The four dimensions, namely; board responsibilities, disclosure, accountability, and justice of corporate governance that were used in measuring the effect of governance in OD. Organizational development was measured using the following criteria: strategy, evaluation, systems and policies, and technology. A self-designed questionnaire based on Likert Five-point scale was used to collect the needed data for analysis purposes, and distributed to a sample of (372) workers in Iraqi commercial banks, and data was analyzed using the statistical analysis program (SPSS:26).

The results of the multiple linear regression showed that, there is a statistically significant impact of corporate governance with its dimensions (Board of Directors responsibilities, disclosure, accountability, justice) in organizational development with its dimensions (strategy, evaluation, systems and policies, technology) in the Iraqi commercial banks.

However, several recommendations were suggested such as: more attenction should be paid to the importnance of governance by higher management in the commercisl bank, Enhancing interest among employees toward voluntary disclosure of non-financial information, as well as the need to work on reviewing job descriptions on a regular basis, which may support the process of rotatin employees in different positions if needed.