Abstract

The aim of this study is to clarify the concept of corporate governance and the importance and the mechanisms and characteristics of them and the foundations for their application, and to identify the historical roots back to them this concept, as well as to clarify the concept of social responsibility and how it accounted for, and stand on the interest of the Iraqi banks listed in the Iraqi market for securities areas of responsibility social accounting and disclosure for the social costs resulting from these activities, and the relationship between the two concepts under the agency theory and the theory of stakeholders, as well as the supervisory role played by private governance mechanisms on the costs of social responsibility.
For the purpose of achieving the goals of the study has been drafted four hypotheses, related to the first extent of a statistically significant relationship between the internal mechanisms of governance combined (Board of Directors - property management - concentration of ownership) with the rate of growth in social costs, while came all the hypotheses second, third, fourth and the extent of the presence of a statistically significant relationship between the internal mechanisms of governance each individually with the growth rate in the social costs of Iraqi private banks at a rate (50) Show and for the period of 2007-2011.
The study found a number of results, including the need for banks to build a sound system of governance and follow the instructions and laws issued locally and internationally, in addition to the need for the Iraqi banks apply the accounting for social responsibility in all its aspects and attention to social costs by building the structure of a sound social costs and disclosed, and understand the relationship between these two concepts through role that governance mechanisms in the social costs of control.