THE WEAKNESS OF THE SECURITIES COMMISSION’S WEBSITE: ADMINISTRATIVE FAILURE OR WIDESPREAD CORRUPTION?
In light of the technological revolution sweeping the world in the field of programming and designing websites, it seems that the Securities Commission in Iraq has fallen behind, which reflects a clear institutional fragility and opens the door to questions about the seriousness of the administration and the extent of the impact of corruption.
The Authority’s website, which is supposed to be a facade that reflects the professionalism and seriousness of the institution, shows primitive design and a complete absence of modern standards, which raises serious doubts about the reasons behind this situation.
Then browsing the website, the visitor encounters a primitive design that lacks professionalism and clarity, reflecting either a lack of awareness of the importance of electronic identity or corrupt interventions that hinder the development of the website. This negative image may affect the confidence of investors and the public in the Authority, as the website is an important interface that shows the extent of the Authority’s commitment to transparency and seriousness in providing its services.
Evidence suggests two main hypotheses for this situation:
1.the first relates to the lack of technological awareness among those in charge of managing the Authority, as ignorance of the importance of the website may be due to a lack of training and awareness or a lack of interest in modern technology.
2.The second hypothesis relates to corruption , as there may be personal or financial interests that hinder the allocation of the necessary budget to develop and improve the website.
The current website of the Securities Commission does not reflect the required level of quality and professionalism, making it difficult for investors and external parties to take the Commission seriously. In the age of information and communication, the website is an essential part of the identity of the institution and must reflect the professionalism of its managers.
To find out the real reasons behind this weakness, a comprehensive investigation is necessary. The government and regulatory authorities must intervene to ensure that government institutions have websites that reflect their interest and seriousness in providing their services. Likewise, the Securities Commission should make serious efforts to develop its website to be a facade that expresses its development and professionalism.
The website of the Iraqi Securities Commission is an example of how negligence or corruption can affect the reputation of government institutions. In the information age, a website is an essential part of an institution’s identity and should reflect the professionalism of its people. It is time to take serious action to improve this situation and ensure that the Securities Commission is able to meet modern digital challenges.
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