Governance of insurance companies in Palestine Assess the Current Situation and the Requirements for) Updating-"A Comparative Study")

The study examined the subject of insurance corporations governance in Palestine by analysis, debate, and evaluating there current situation and there update requirement. This Empirical Study applied to insurance companies registered in Palestine Securities Finance. The study aims to identify the reality of Palestinian insurance corporations governance, Based on international standards of Governance and the range of commitment the Governance rules in Public Shareholding Companies in Palestine. And the suitability of the fabric in the Palestine Legislative represented by the law firms of Jordan No. 12 of 1964 and other laws related to insurance as law No. 20 for the year 2005 to the principles of corporate governance adopted by the International Organization for Economic Cooperation and Development (OCED), It also aims to identify the regulatory environment for the insurance sector and what should be on the institutions and regulatory bodies to follow the mechanisms for activating the principles of corporate governance through the provisions of the law and the adoption of addition modify it so as to promote the concept of corporate governance. The researcher used the descriptive analytical approach in conducting the study by collecting data from primary and secondary sources, a questionnaire has been designed specially prepared for this purpose, includes several axes falls below the principles and guidelines for corporate governance. In order to measure the extent of the application of insurance companies Palestinian to these principles, and distributed to a sample study of (31) of the board of directors and executives, And financial managers, and internal audit, and members of the executive committee, the insurance companies listed and the number (7). The researcher used statistical analysis software (SPSS) to analyze data and test hypotheses, To ensure the veracity of the answer to the questionnaire have been relying on the data and information published in annual reports to insurance companies and its own website, as well as personal interviews with specialists. The study found that insurance companies in Palestine come a long way in the application of standards of governance evidence that the level of governance of insurance companies Palestinian than the average, Be it possible to be a level better than that, which means that there are obstacles standing in front of commitment to the principles of corporate governance, notably lack of conviction by the management of these companies to the concept of governance, As well as the legal obstacles identical in the obsolescence of law firms. The study recommended a series of recommendations including amending some legal texts related to the management of the company, And protecting the rights of shareholders, And follow the rules of disclosure and transparency, And preserve the rights of stakeholders, And activating the role of regulatory bodies on insurance companies, And a culture of corporate governance, The trend towards issuing a guide to governance of insurance companies.