Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives
Zineb Farabi,
Abdellatif Bouazza
Issue:
Volume 10, Issue 4, July 2022
Pages:
174-184
Received:
16 June 2022
Accepted:
1 July 2022
Published:
12 July 2022
DOI:
10.11648/j.jfa.20221004.11
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Abstract: The works in corporate governance are very numerous but cannot be applied on the case of cooperatives, which constitute an exceptional organizational form from creation to profit sharing. They are business models created for the first time by their members because of the inability of the market to provide them with goods and services at affordable prices. However, the absence of good governance can lead to the financial failure of these organizations. In this paper, we have attempted to study, through a qualitative case study, the contribution of the governance of four Moroccan cooperatives, operating in four different sectors of activity in the Rabat-Salé-Kenitra region, on value creation. The data was collected through direct interviews with the presidents and managers of the four cooperatives and the administration of a questionnaire that included all aspects of the cooperatives' governance practices and their contribution to value creation. The results show that the characteristics related to the board of directors, namely the size, the presence of women, the frequency of meetings and the duality of the role of the chairman of the board of directors and the president of the cooperative, have a direct impact on the creation of value of cooperatives, thus, the discipline of the holding of general meetings and the way conflicts are managed effectively contribute to establishing a climate of trust and transparency promoting the creation of value. While the role of the supervisory board remains very limited, not allowing it to contribute to value creation.
Abstract: The works in corporate governance are very numerous but cannot be applied on the case of cooperatives, which constitute an exceptional organizational form from creation to profit sharing. They are business models created for the first time by their members because of the inability of the market to provide them with goods and services at affordable ...
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Requirements to Join the International Federation of Accountants
Al-Fateh Al-Amin Abd al Rahim El-Faki
Issue:
Volume 10, Issue 4, July 2022
Pages:
185-195
Received:
15 February 2022
Accepted:
4 March 2022
Published:
28 September 2022
DOI:
10.11648/j.jfa.20221004.12
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Views:
Abstract: The study dealt with the requirements for joining the International Federation of Accountants. The problem of the study was that Sudan did not obtain membership of the International Federation of Accountants until today, and the problem was formulated by several questions, including what are the types of membership that can be acquired when joining the International Federation of Accountants? What are the requirements to join the International Federation of Accountants? How can these requirements be achieved in practice? The study aimed to clarify the obligations of membership to join the International Federation of Accountants, as well as try to develop a methodology that can be followed to meet the requirements of joining. In order to achieve this end, the researcher followed the deductive approach by formulating the study questions, and he also followed the inductive approach when formulating the study problem. Several results have been reached, most notably that the law regulating the accounting and auditing profession in its current state complies with the requirements set by the Constitution of the International Federation of Accountants in the second section of Article One, and among the most prominent recommendations of the study is the adoption of the International Standard for Quality Control No. (220) and the need to implement membership obligations by developing an action plan to meet these requirements.
Abstract: The study dealt with the requirements for joining the International Federation of Accountants. The problem of the study was that Sudan did not obtain membership of the International Federation of Accountants until today, and the problem was formulated by several questions, including what are the types of membership that can be acquired when joining...
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