CONCEPTUAL INSIDES REGARDING CORPORATE GOVERNANCE AND ITS IMPACT ON ORGANIZATIONAL CULTURE

The present paper highlights the meaning of the applied governance concept which should be considered as a major instrument against fraud and pressure of urging fraud that are caused by non-transparent data flux and financial flows. Corporate governance's perspectives are on the direction of antifraud policies and procedures. Management control is essential for maximizing the effectiveness of a company, by centralized controlling, structural progress and objectives, the consistency between control objectives and results, by making accurate reports. In fact, corporate governance is effective when ascertain the effectiveness of the three defense lines: managerial control, compliance and risk management and internal audit. Our findings suggest that the concept of corporate governance need to change requiring new perspectives, tools and skills as well as new applications. We hope that the results of our research work will open the way for future studies in the operational field.