The main objective is to measure and evaluate the stakeholders’ views regarding the barriers and potential enablers to the application of corporate governance in Yemen. Executives and internal auditors work in the banking sector as internal stakeholders and external auditors as external stakeholders. A questionnaire is the data collection tool. The study concluded that 'the spread of corruption in the government sector is the most crucial barrier. Simultaneously, 'the cost of applying governance is higher than its benefits' is the least affected barrier. In contrast, enhancing professional accounting and auditing bodies, the inclusion of corporate governance in the University Education program; the adoption of international accounting and auditing standards are the most crucial enablers. A study recommended that the government should update financial and supervisory laws and legislations, and the executive authority should monitor their implementation, supporting the anti-corruption process, establish the stock market, spreading the concept of governance in Yemeni society, adding corporate governance as a scientific subject taught in universities and develop and implement training programs to raise the awareness of corporate governance among employees.