دور الحوكمة المصرفية في الحد من اثار الازمة المالية العالمية على الاداء المالي المصارف : دراسة ميدانية على المصارف السودانية

Abstract

Abstract This research investigated the role of bank corporate governance in reducing the impacts of global financial crisis on banks' financial performance. The research problem is represented in the fact, the global financial crisis in 2008 has an enormous impact on the Sudanese economy and badly affected the overall state general fund revenues' sources of both petroleum and non-petroleum exports, alike. This is in addition to the infliction of severe damage to external cash flows, whether, financing cash flows or external loan and grant cash flows or expatriates' savings or direct foreign investment. As this has been the case with the Sudanese banking sector, how this problem being resolved using the bank corporate governance. To effect resolving this problem, the following research questions have been put forward: Are there any sufficient fundamentals elements in the Sudanese banks to enhance the sound application of bank corporate governance? Are the Sudanese banks fully complying to the fundamentals of corporate governance principles laid down by the Central Bank of Sudan? Does the global financial crisis of the year 2008 affect the Sudanese banks' financial performance? The research significance, on the other hand, stemmed from the fact that, the occurrence of financial crisis has led to highlight the significance of strict control and corporate governance a sideal methods for the treatment and safeguard against inflictions of crisis, where, the adherence to the sound principles of corporate governance of banks leads to provide necessary precautions against mismanagement and encourages the transparency in economic life. The research aimed primarily to know the basic fundamentals to enhance a sound application of bank corporate governance. The research also aimed to know the basic fundamentals of corporate governance in the Sudanese banks. The research further aimed high to know the impact of the global financial crisis in 2008 on the Sudanese banks' financial performance. To put said facts, into effect, the research used the deductive approach, the inductive approach, the historical approach and the analytical, descriptive approach. The research has reached a number of research findings, including the following: There are a strong and effective internal control and bank corporate governance systems in the Sudanese banks. There are strict measures to effect the accountability in the Sudanese banks. The research concluded with a set of recommendations, including the following: The research fully recommended banks to have a firm commitment to applying the publications of the Central Bank of Sudan as regard to corporate governance in banks. There search strongly recommended conducting ongoing training sessions for overall administrative levels with a focus on the bank and its system as well as the rules and regulations governing the same. This is in addition to the functions and responsibilities of the diffident units and administrations of the bank. The research highly recommended enhancing the awareness of the employees on bank corporate governance.