Supervisory Role of the Board of Directors under the Governance Mechanisms on the Performance of Iraqi Banks

Abstract

It was noted that the weakness of the efficiency of internal control systems and the low level of disclosure and transparency caused financial crises and collapses in many banks, which stressed the need of banks to rules through which Raising the level of banking performance and facing the changing environment, which affects the Iraqi banks so it was the rules of governance that ensure this path to banks because it is a set of legal and administrative procedures through which the Board of Directors can direct and guide employees Hence, the research problem emerged as whether there is an impact on the supervisory role of the Board of Directors of the Bank on banking performance. The most important recommendations recommend the Board of Directors to design and implement the internal control systems. Key Conclusions The Board is indirectly involved in its committees to maintain the lead in the development within and outside the institution.