This study aims to find out the reality of the application of corporate
governance in the public sector organizations in Syria, and to
propose a new vision, that guarantees effective application of
corporate governance, through restructuring board
of directors and
contributes to the treatment of financial and administrative
corruption.
The importance of the study comes from the importance of the
public sector in Syria and its leading role in the protecting the
national economy, and also the difficulty of development and
progress of NGOs unless they have clear mechanisms for their
directors and transparency.
The effects of the independence of board of directors on the relevance of earning's
information for decisions by investors in stock markets is the subject of this study.
This independence is considered very important within the monitoring and direc
ting
roles played by boards of directors on the working of and decision making by
corporation's management. In addition, accounting earnings represent the key base
for accrual accounting in particular and in accounting process in general. Two
factors reflecting investors usage of earning relevance in their decision making are
employed to determine the relevance of earning information that are (i) the ability of
these earning to forecast future cash flows (ii) and valuation contents of these
earnings in stock markets.
