Analyzing the Role of Corporate Governance in Creating a Culture of Transparency and Organizational Accountability

Abstract

This study aimed to examine the role of corporate governance in fostering a culture of transparency and organizational accountability in organizations based in Tehran. This research employed a qualitative methodology with a phenomenological approach. Data were collected through semi-structured interviews with 22 managers and experts from organizations in Tehran and continued until theoretical saturation was reached. Data were analyzed using NVivo software and the qualitative content analysis method. The results identified three main categories: transparency in decision-making, organizational accountability, and organizational culture. Key factors enhancing transparency included access to information, internal control mechanisms, and transparency in appointments. Additionally, managerial commitment to accountability, the reward and punishment system, and external oversight emerged as significant components of organizational accountability. Furthermore, strengthening ethical values, establishing transparency-oriented structures, and embracing a feedback culture played crucial roles in the effective implementation of corporate governance fostering transparency and accountability. The findings indicate that effective implementation of corporate governance principles, improving transparency-oriented policies, and establishing both internal and external oversight mechanisms play a crucial role in enhancing organizational transparency and accountability. Strengthening managerial accountability systems, promoting ethical training, and advancing technological oversight mechanisms are among the key strategies to improve organizational culture and reduce corruption.