Jordanian Corporate Governance , and Their Impact on Transparency and Objective Disclosure (A Comparative Study)

Abstract

It is well known that the development of the joint stock companies around the world, the opening up of international trade and the competition between them, and the dominance of globalization in trade, economy and international companies, resulted in a large capital gathering in the form of companies for investment in commercial and industrial projects, as well as participation in the shares of different companies.All these factors have helped to put in place a system that achieves effective control in order to avoid the expected risks, by following the disclosure, transparency and non-shadowing of investors and different stakeholders, as it is of great importance as a subject of the commitment to disclosure in accordance with the principle of corporate governance, to monitor their investments and protect them, and then to direct them to take appropriate investment decisions and sound that benefit the shares of the company and the investor, but this type of disclosure always requires the law in order to give him the mandatory force for Appliance, so as to prevent cases of financial and administrative corruption, and helps to make use of the proceeds from the sales in advancing economic and social development of society as a whole.As a result, disclosure and transparency strike a balance between the acceptable level of companies and the level desired by different parties in the company through an effective governance framework that improves the efficiency of companies and markets and achieves justice. The second part deals with the extent to which the laws of Jordanian and comparative companies comply with the principle of disclosure and transparency as one of the pillars of the Organization for Economic Cooperation and Development (OECD). It has reached important results in this regard, in addition to developing proposals that are suitable for Jordanian companies.

Keywords: Investment: Corporate Governance, Disclosure and Transparency, Investors, Board of Directors, Joint Stock Companies.