Identifying and prioritizing the components of corporate governance assessment in Iranian state-owned companies according to the third and nineteenth paragraphs of the general policies of the resistance economy

The importance and impact of the productivity of state-owned companies in the Iranian economy is undeniable. In the last two decades, the study of the efficiency and productivity of procedures and structures in companies and organizations has been studied in the world's scientific literature with the literature of corporate governance; this issue has also been introduced in our country since the beginning of the 80s, and there are also requirements in the country's upstream policies, laws, and regulations that refer to the principles and guidelines of corporate governance, which can be referred to in the third and nineteenth paragraphs of the general policies of the resistance economy, which refer to the transparency of the economy and the growth of productivity through strengthening competitiveness. The main issue of this research is to identify the components of corporate governance assessment appropriate to the ecosystem of state-owned companies in the Iranian economy, and this research aims to fill this research gap. In this research, we examine reports and documents, including organizational, academic, and scientific, through the documentary method, and identify the components of corporate governance assessment in state-owned companies. Then, based on the opinions of experts and executives, we prioritize these components for implementation using the TOPSIS method.

Finally, the corporate governance assessment components are presented in 8 main categories (board structure, control environment, appointments, director compensation, ownership structure and policy, legal and regulatory environment, transparency and reporting, shareholder rights and stakeholder management, and sustainability and compliance with environmental, social, and governance requirements) and in a three-layer model including an internal layer, an external layer, and a public oversight and accountability layer for the use of executives.