The relationship between financial performance and corporate governance: An application on telecom companies in Iraq

The main purpose of this study is to investigate the relationship between corporate governance, ownership structure and financial performance, such as the profile of the board of directors in the telecom sector in Iraq, and to structure whether there are differences between them and our goal to achieve this goal. Independent factor corporate governance variables such as board profile and shareholding structure of telecom companies in Iraq were board profile, information and shareholding structure, while dependent variables were measured in terms of profitability, repayment capacity, solvency, liquidity and financial efficiency. For this study, easy random sampling method was used for sampling and the sample size of the information to be collected from the managers in the telecom Company was estimated. The researcher will give the questionnaire by interviewing the participants face to face and will take the questionnaire back a few days later. According to the results, it can be concluded that corporate governance elements have a significant impact on controlling the financial performance of Telecom companies. According to the respondents, the most important components being the board of directors, disclosure, transparency, followed by review and audit, is in line with the findings of Alabede (2012) and Davidson et al. (2005). The results showed that corporate governance elements really play a vital role in the success of financial performance of companies, enabling them to grow, survive and compete.