Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business

In an ideal corporate management structure, directors should act in the best interest of the shareholders. In doing so, the directors' actions are governed by certain legislation which specifies their duties and this legislation is also relevant to the shareholders with respect to their rig...

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Main Authors:	Hassan, Halyani, Abd Ghadas, Zuhairah Ariff
Format:	Conference or Workshop Item
Language:	English
Published:	2009
Subjects:	KPG Malaysia
Online Access:	http://irep.iium.edu.my/23694/ http://irep.iium.edu.my/23694/ http://irep.iium.edu.my/23694/1/OWNERSHIP_V_CONTROL.pdf

id	iium-23694
recordtype	eprints
spelling	iium-236942012-04-26T02:36:14Z http://irep.iium.edu.my/23694/ Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business Hassan, Halyani Abd Ghadas, Zuhairah Ariff KPG Malaysia In an ideal corporate management structure, directors should act in the best interest of the shareholders. In doing so, the directors' actions are governed by certain legislation which specifies their duties and this legislation is also relevant to the shareholders with respect to their rights. Although there are legislations which govern the relationship between directors and shareholders, there are still latent problems. These hidden problems could be regarded as fault lines in the relationship of these two parties. In a family business structure, these fault lines could bring worse effect compared to “non-family” companies as the directors are dealings with shareholders who are also family members. Another arising scenario which could arise is where directors are not part of the family members but have to deal with shareholders/members who are related to the owner of the company. This paper intends to highlight the fault lines which could occur between directors and shareholder in family owned companies. The main term of reference of this paper is the corporate governance principles and practices. This paper also aims to propose some mechanisms, through legislations in which problems which arise from the fault lines could be reduce if not resolved. 2009 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/23694/1/OWNERSHIP_V_CONTROL.pdf Hassan, Halyani and Abd Ghadas, Zuhairah Ariff (2009) Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business. In: International Conference on Corporate Law (ICCL) 2009, 1st-3rd June 2009, Surabaya, Indonesia. http://www.fh.unair.ac.id/agenda.hukum.php?id=13
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	KPG Malaysia
spellingShingle	KPG Malaysia Hassan, Halyani Abd Ghadas, Zuhairah Ariff Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business
description	In an ideal corporate management structure, directors should act in the best interest of the shareholders. In doing so, the directors' actions are governed by certain legislation which specifies their duties and this legislation is also relevant to the shareholders with respect to their rights. Although there are legislations which govern the relationship between directors and shareholders, there are still latent problems. These hidden problems could be regarded as fault lines in the relationship of these two parties. In a family business structure, these fault lines could bring worse effect compared to “non-family” companies as the directors are dealings with shareholders who are also family members. Another arising scenario which could arise is where directors are not part of the family members but have to deal with shareholders/members who are related to the owner of the company. This paper intends to highlight the fault lines which could occur between directors and shareholder in family owned companies. The main term of reference of this paper is the corporate governance principles and practices. This paper also aims to propose some mechanisms, through legislations in which problems which arise from the fault lines could be reduce if not resolved.
format	Conference or Workshop Item
author	Hassan, Halyani Abd Ghadas, Zuhairah Ariff
author_facet	Hassan, Halyani Abd Ghadas, Zuhairah Ariff
author_sort	Hassan, Halyani
title	Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business
title_short	Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business
title_full	Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business
title_fullStr	Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business
title_full_unstemmed	Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business
title_sort	ownership v control: fault lines in directors shareholders relationship: a special reference to malaysian family business
publishDate	2009
url	http://irep.iium.edu.my/23694/ http://irep.iium.edu.my/23694/ http://irep.iium.edu.my/23694/1/OWNERSHIP_V_CONTROL.pdf
first_indexed	2023-09-18T20:35:49Z
last_indexed	2023-09-18T20:35:49Z
_version_	1777409038444658688

Ownership V control: fault lines in directors shareholders relationship: a special reference to Malaysian family business

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