A Paradigm Model of Good Corporate Governance Maturity in the Iranian Insurance Industry

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Gholipor Sooteh Rahmatollah; Hassan Gholipour Yasoori Tahmoores; TAGHAVI ALI

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Journal Paper

Paper Information

Journal: JOURNAL OF IRANIAN PUBLIC ADMINISTRATION STUDIES Year:2020 | Volume:3 | Issue:3 Page(s): 133-159

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Information Journal Paper

Title

A Paradigm Model of Good Corporate Governance Maturity in the Iranian Insurance Industry

Author(s)

Gholipor Sooteh Rahmatollah | Hassan Gholipour Yasoori Tahmoores | TAGHAVI ALI | Issue Writer Certificate

Keywords

Corporate Governance

Corporate Governance Maturity

Good Corporate Governance

Insurance Industry

Abstract

The aim of the study is to present a paradigm model of good Corporate Governance maturity in the Iranian Insurance Industry. This model includes causal, intervening, contextual, and strategic conditions, and consequences of the maturity of good Corporate Governance. Senior managers of insurance companies active in the field of public governance in Iran are the participants in this study. The research is qualitative-exploratory, and the methodology employed is Grounded Theory based on the approach of Strauss-Corbin. Using purposive sampling method, data saturation was obtained after the interviews conducted. The data collection tool in the qualitative phase was a semi-structured interview, which was prepared and conducted based on an interview protocol. In order to assess the validity, an interview guide was sent to the experts and their opinions were used. The results of the conceptual model, explored through three factors, include securing benefits, implementing justice-oriented laws, accountability, observing professional ethics, effective and centralized monitoring, increasing trust, capability and portfolio growth, using the technology, Cooperation and partnership, improving penetration power, and the strength of the implementation. The indicators of the maturity of good Corporate Governance reached to a total of 721 open codes, 240 axial codes and 69 selective codes. These codes showed that in insurance companies, Transparency, Accountability, accurate periodic reports, expertise, Professional qualification, good reputation, experience of managers, and interaction with stakeholders Play a key role in the maturity of Corporate Governance. As well, the empowerment indicators of the company can strengthen the trust of the stakeholders and make the organizational culture as transparent and encouraging.

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APA: Copy

Gholipor Sooteh, Rahmatollah, Hassan Gholipour Yasoori, Tahmoores, & TAGHAVI, ALI. (2020). A Paradigm Model of Good Corporate Governance Maturity in the Iranian Insurance Industry. JOURNAL OF IRANIAN PUBLIC ADMINISTRATION STUDIES, 3(3 ), 133-159. SID. https://sid.ir/paper/696658/en

Vancouver: Copy

Gholipor Sooteh Rahmatollah, Hassan Gholipour Yasoori Tahmoores, TAGHAVI ALI. A Paradigm Model of Good Corporate Governance Maturity in the Iranian Insurance Industry. JOURNAL OF IRANIAN PUBLIC ADMINISTRATION STUDIES[Internet]. 2020;3(3 ):133-159. Available from: https://sid.ir/paper/696658/en

IEEE: Copy

Rahmatollah Gholipor Sooteh, Tahmoores Hassan Gholipour Yasoori, and ALI TAGHAVI, “A Paradigm Model of Good Corporate Governance Maturity in the Iranian Insurance Industry,” JOURNAL OF IRANIAN PUBLIC ADMINISTRATION STUDIES, vol. 3, no. 3 , pp. 133–159, 2020, [Online]. Available: https://sid.ir/paper/696658/en

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