The theoretical premises issued by the party leadership and the revolution in the matter of socialism have become a reality in the Iraqi country that the Iraqis are proud of, and the brothers and friends are blowing it as the stage of socialist transformation and the implementation of giant national development plans have begun. For the purpose of expediting the development process, it was necessary to review the laws governing companies, which have become unable to keep pace with development and regulate them again in a way that is consistent with the conditions of the current and future stages. The Official Gazette on the eighteenth of April in the year and became effective on the nineteenth of October in the year Mansha as the legal provisions that apply to companies distributed between multiple legislations, the most important of which are the Commercial Companies Law No. 31 of 1975 and Civil Law No. 40 of 1951 and legal laws and decisions Others have fallen short of achieving these areas and goals, and of keeping pace with the current and future changes in relation to companies of the mixed sector and the private sector in various areas of economic activity. The competent economic sectors and the requirements of development plans and organizing them in a way that helps them to perform their role in development in all areas they have been active in since Its establishment and expiration ..
For all of this, the Companies Law No. 36 of was enacted, and the provisions of the companies were regulated by a new integrated organization in addition to introducing some new provisions that were not previously regulated in previous legislations. Article (1) of the Companies Law specified the aim of the law by saying: This law aims To organize companies and develop their activities according to the requirements of national development and the requirements of the socialist construction phase.
Although more than three years have passed since the issuance of the Companies Law, we have not found in-depth jurisprudential studies dealing with an explanation of its provisions, and we will address in this research clarification of the provisions of the managing director of the company, and an acronym for the manager, the word of the manager has become extinct only