The purpose of this study is to Measure Syrian privet banks
commitment to the International corporate governance principles
which involve the principles of the Organization of Economic
Cooperation and Development (OECD) and the principles of Basel
Committee for banking supervision, and that is according to the
opinions of the investors, employees, auditors and regulators as
stakeholders in these banks through preparing a questionnaire which
had been refined and verified of its credibility. The study concluded
two main results, which are that Syrian privet Banks are not
committed to the international principles of corporate governance
whether OECD or the Basel Committee Principles. This means that
the commitment to these principles is merely a legal obligation
inform that does not not affect in results the members of the sample.
Finally the study came up with a number of Recommendations, that
can lead to improve the reality corporate governance practices of the
private banks in Syria.
This research aims to introduce the principles of Banking Governance, and how the
Syrian Industrial Bank, in particular, meets the requirements of Banking Governance in
the Governance’s guidebook issued by the Monetary and Credit Council, resolutio
n No.
(498) for the year 2009 at conventional Banks in Syrian Arab Republic. The results show
that there is a lack of commitment by the Industrial Bank with respect to some procedures
in the Governance's guidebook, such as the lack of commitment by the Board of Directors
in doing tasks and taking responsibilities, the absence of specialized committees for risk
management, governance, and awards, misapplying the principles of disclosure and
transparency by the Interior Control, and finally the need to increase trust and credibility
with stockholders. Hence, the recommendations proposed reflect the results obtained.
