This study aimed at identifying the extent to which corporate governance mechanisms are applied to reduce the risks of information asymmetry in oil companies , By applying a case study to an oil company.
To achieve this goal, the researcher relied on theoretical rooting through the inductive method, Of books and references and studies of Arabic and foreign, And then conduct a case study on the oil arrows company through the design of a survey list of accountants and auditors and financial managers and executives in the company mentioned high, The sample of the study was represented by the Petroleum Arrows Company. The forms were distributed at the levels of the financial managers and accountants for 131 and 131 assemblies at the levels mentioned in the petroleum arrows company. The study concluded that there is a significant and significant correlation between the effect of applying the corporate governance mechanisms and reducing the risks of information asymmetry, It also recommended the establishment of specialized centers concerned with the implementation of governance mechanisms and the task of preparing training programs to consolidate the objectives and requirements of governance to reduce the risks of information asymmetries in companies.