Implementation Of Corporate Governance Mechanisms And Its Role In Achieving The Quality Of Financial Reporting Information For Economic Institutions: A Field Study On Some Sudanese Economic Institutions

Sudanese economic institutions operate in a highly risky environment, subject to local and global changes. Therefore, there is a need for corporate governance mechanisms to improve the quality of financial reporting and achieve risk disclosure and mitigation. The primary objective of this study is to understand the role of implementing corporate governance mechanisms in achieving quality financial reporting information for Sudanese economic institutions. It is also intended to encourage economic institutions operating in the Sudanese environment to implement corporate governance mechanisms and benefit from their multiple advantages in achieving quality financial reporting information. To achieve the objectives of the field study, the inductive approach and the descriptive-analytical approach were adopted. (150) questionnaires were distributed to a sample of employees in the study community, which comprises some Sudanese economic institutions. All questionnaires were returned at a rate of 100%. After analyzing the data, the study reached several results that validated the hypotheses. These results include that implementing corporate governance mechanisms contributes to achieving quality information related to the economic resources of an institution, and that implementing corporate governance mechanisms contributes to achieving quality information related to the liquidity position, as it is of interest to users. The scientific significance of the study stems from the importance of achieving quality in financial reporting information, which users rely on to guide their various decisions. Furthermore, the study supports implementation of corporate governance mechanisms in the Sudanese business environment.