Corporate Governance in Achieving International Merit (Exploratory Study)

Abstract

This research aims to introduce corporate governance and know its role in achieving corporate creditworthiness, and since there is no agreement on the concept of corporate governance, there is agreement that its application enhances the efficiency of the performance of any company that applies it and supports its ability to face any financial crisis that may encounter it. The importance of corporate governance emerged as a tool for effective control in companies through several internal and external mechanisms. The board of directors is considered the most important mechanism of corporate governance because it is one of the regulatory authorities within the administration where it monitors managers, supervises them, and evaluates their work, and its decisions have a significant impact on the performance of the company. This study also aims to know the role of governance mechanisms in achieving the creditworthiness of companies to become abler to optimize the use of available resources and thus raise the performance of the company in addition to the great role of governance in the face of corruption and nepotism as well as predicting the continuation or failure of companies in the long term, especially their financial performance.