Abstract

This study aims, in its theoretical aspect, to recognize the concept of corporate Governance, its importance, bases and internal and external machineries in addition to recognize the concept of the Accounting Disclosure, its importance, its elements and determiners to define the relation between corporate Governance and Accounting Disclosure level. To achieve this aim four hypotheses had been presented to say that :- there is a relation between administration board size and Accounting Disclosure level, there is a relation between audit committee and Accounting Disclosure level, there is a relation between the greatest stockholders and Accounting Disclosure level and there is a relation between the ownership concentration and Accounting Disclosure level, respectively. The study had conducted in a sample of the Iraqi private banks (ten banks) for five years (2007-2011) within fifty visits, the statistical and descriptive methods were used depending on multi declining sample, the results proved the relation between administrative board size, audit committee and Accounting Disclosure level. Some of the Governess machineries (such as the executive administration compensatory) could not been applied by the researcher due to the lack of information. The study obtained a number of the theoretical and practical conclusion such as :-
1- There is no clear legal text emphasize the application of the principles and machineries of corporate Governance in Iraq, the legislations that control the Iraqi companies include implication of such principles and machineries.
2- The good application of the corporate Governance leads to decreasing the problems result from the gap between the stockholders and the executive managers due to the negative practices of those executive managers, so it, helps in sort of, control the managers by being interesting on the stockholders benefits.
3- The study sample companies have different levels of disclosure, the highest rate is (80%) and the lowest is (56%), the average is (68%).
The study comes with a set of recommendations, the most important are:-
1- The necessity of holding the symposiums and conferences to establish the concept of company Governess and to exhibit the benefits of applying this concept.
2- According to the recommendations of the audit committee the companies should have an independent auditory has no relation with the company as a whole to face any interruption, and his report of the final accountings should express the economic events of the company