دراسة تطبيق الحوكمة وتأثيره على الملاءة المالية لشركات التأمين المدرجة في سوق فلسطين للأوراق المالية
Date
2016-12-24
Authors
صلاح عقل محمد هلسة
Salah Aqel Mohammd Halaseh
Journal Title
Journal ISSN
Volume Title
Publisher
AL-Quds University
جامعة القدس
جامعة القدس
Abstract
This study aims at analyzing and discussing corporate governance of insurance companies
in Palestine, through the study of the corporate governance, and its impact on financial
solvency of insurance companies. It is an analytical study of the insurance companies
Included in the body of the Palestinian Capital Market, which aims at highlighting the
status of the insurance sector in terms of its role in the application of the governance
system, and its impact on insurance companies Included in the body of the Palestinian
Capital Market. It also terms of studying the impact of several criteria; Size of the Council,
term length of presidency of the board of Directors, composition of the board, application
of disclosure and transparency, and dual role of the chairman of board on financial
solvency of insurance companies. The study has used the analytical method through
getting to financial statements, and the use of financial analytical tools, in order to know
the extent of the reflection of the application of governance criteria's on the overall
performance of the companies, and particularly on solvency standards. The study used the
financial data from the annual reports of seven Palestinian insurance companies published
in the past 5 years.
The results of the study were as follows: The size of the board of directors directly affects
the solvency of the company, and the more the size of the board of Directors is, with a
diversified composition in terms of expertise, the best it is in improving the performance of
the company. As for the dual role of the chairman of board, the study found that it has a
negative impact on the performance of the company and its financial solvency. Finally
both disclosure and transparency had a brief role in outlining, in details, the board's
performance, and making it viewable.
The study’s recommendations included: Obliging companies to publish many of their
financial and non-financial indicators that reflect their performance, with an explanation of
what do these indicators represent. The other recommendations are to publish regulators
assessment, to determine the length term of the board of Directors, and to compel the
boards of it.
Description
Keywords
بناء المؤسسات والتنمية البشرية , Institutional Building & Human Res. Dev.