Good Governance Development of services provided to citizens

05/8/2018 12:00 am

The activation of its charter is in the administrative and economic reform of companies
Baghdad / Farah Al-Khafaf

The Council of Industry and Minerals, in cooperation with international and local organizations, intends to activate the charter of good governance for non-state-owned companies approved by the Council of Ministers at the end of last year in order to facilitate financial and operational performance and improve the provision of services to citizens.

Deputy Chairman of the Baghdad Economic Forum Bassem Antoine said in a statement to the "morning": "The Supervisory Board is working on the creation of the state departments through the media, to introduce and educate the importance of good governance and its role in improving the performance of the departments and laboratories."


Serve for strategic objectives
Antoine said that "the Charter of Governance, which is one of the literature of the modern economy in the world serves the objectives of industrial strategy, and the return of companies to work on employment," noting that "its activation is in the administrative and economic reform of companies."

Corporate governance, according to a study by CIPE and the US Agency for International Development (USAID), is an effective tool in building a solid foundation for economic growth capable of creating jobs and attracting investment, facilitating institutional reform, reducing opportunities for corruption, They are sustainable solutions to achieve prosperity and reduce
Poverty.


Involvement of the private sector
Antoine urged "the involvement of the private sector and the introduction of the spirit of this sector, the state departments, including the development of capital markets and improve the performance of companies and increase the output of the worker for the purpose of increasing gross domestic product, as the industrial sector contributes 1 to 1.5 percent of GDP, Contributions and results lead to the reduction of imports and dumping of goods and the employment of large employment and therefore lower rates of poverty. "

He pointed out that "there are many industries that have succeeded in Iraq, including what covers the local need without shortage, most notably the automobile industry in Alexandria, which attracted the largest international companies to collect trucks Volvo and Asuzu and small cars to be started manufacturing parts of them inside Iraq, (Cement), as well as (bricks, skyscrapers, kashi and thromstons), in order to provide their raw materials in
Country ".


E-government system
The expert stressed that "the implementation of this charter needs to educate the Iraqi employee and the definition of the fundamentals of governance in the completion of the work entrusted to it, and this project needs to apply the system of e-government, which is the basis in this project, by investing local and international expertise in this area, pointing out that this Reduces the paperwork and repeated reviews in the state departments, which are a burden on the citizen in the completion of personal transactions and cost large sums.

On November 16, 2017, the Council of Ministers approved the Charter of Good Governance for State-owned Non-State Corporations in Iraq and its Road Map, according to the Ministry of Industry and Minerals.

The Charter guidelines aim to increase transparency and clarify accountability in an effort to promote effective agreement, Facilitating positive financial and operational performance, and improving the delivery of services to meet the needs of citizens.
Corporate governance and development

The impact of corporate governance on development, according to CIPE and USAID, contributes to increased access to external financing by institutions, leading to greater investment, higher growth rates, more job creation, lower capital and associated costs From a higher valuation of institutions, making investment more attractive to investors, leading to growth and increased employment, as well as better operational performance through better allocation of resources and better management, leading to wealth creation.

Governance also contributes to reducing the risks of financial crises. Positive effects are important, where Financial crises can impose high economic and social costs, in addition to fostering better relations with all concerned, helping to improve social and labor relations and improving other areas such as environmental protection.

The impact of corporate governance is to bring stability to markets, enhance competitiveness (for companies and economies), strengthen institutions, increase risk aversion, encourage investment and reduce the cost of capital.


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