The University of Basrah is examining the relationship between banking governance, risk management, and audit committees:

A master's thesis at the University of Basrah   examines the relationship between banking governance—represented by the degree of independence of board members, risk management and audit committees, and board size—and the bank's value for banks listed on the Iraq Stock Exchange.

A master's thesis at the College of Administration and Economics, Department of Banking and Financial Sciences, examined "Banking Governance and its Impact on Maximizing Bank Value: An Analytical Study of a Sample of Iraqi Banks." The thesis, presented by researcher Zainab Kazar Sahan, aims to examine the impact of banking governance on bank value, as well as its impact on liquidity risk management, and the extent of the latter's impact on financial performance. The thesis concludes that governance indicators, such as board member independence and board size, have a statistically significant impact on bank value (market value). Risk management and audit committees, however, are fixed variables that have not been statistically analyzed. The existence of a statistically significant impact of corporate governance indicators on liquidity risk management.

The study recommended the importance of strengthening governance systems in banks and linking them directly to liquidity risk management and improving financial performance, while enhancing the independence of board members and adopting an administrative structure commensurate with the nature and scale of activities.