Corporate Governance: Independent Directors in Iraq

This book examines whether independent directors in Iraqi corporate governance regulations is well regulated. While the demand for outside independent directors has been increased, author compares the independent director requirement in developed countries and some developing countries in the Middle East, to Iraqi corporate regulations. In this regard, the author presents the “independence test” and the nomination of such director in Iraqi regulations. At the end, the author recommends to adopt a separate corporate governance code under which “companies would be required to comply” or explain.