مدى تطبيق مبادئ الحاكمية في شركات التأمين الأردنية المدرجة في بورصة عمان

Abstract EN

The study aimed at finding the extent of applying principles of governance in the Jordanian insurance companies, enlisted in Amman Stock Exchange.

The application had been measured through the principles of Institutional Governance (Ensuring an effective framework for Institutional governance, equitable treatment of shareholders, the role of stakeholders in corporate governance, disclosure and transparency, and the responsibilities of the board of directors).

A questionnaire was designed and distributed to the insurance companies listed in the Amman Stock Exchange for the year (2015); whereas the number of companies amounted to (24).

The study found that there is an application of the principles of governance in the Jordanian insurance companies at an average level; whereas the most applied one was the principle of the role of the stakeholders; while the least applied one was the principle of equal treatment of all shareholders.

Moreover, the study revealed that there is an effective framework for institutional governance in the insurance companies; also, there is a commitment from members of the Board of Directors and managers to the rules of professional conduct during the exercise of their functions.

Alternatively, they did not provide disclosure and transparency in the published data; besides the lack of equal treatment of shareholders; and failure to protect their rights.

Thus, the study calls for companies to apply the principles of institutional governance because of its role in restoring confidence in published financial reports.