Invisible hands behind the corporate governance practices in Malaysia

The issues of corporate governance became very popular in the corporate world in UK, USA and Europe during the last two decades. With the opening up of economies and liberalization, the concern for corporate governance also spread to the developing world. Therefore, most of the developed and dev...

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Main Authors:	Htay, Sheila Nu Nu, Salman, Syed Ahmed, Shaugee, Ibrahim
Format:	Article
Language:	English
Published:	World Business Institute 2013
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/29613/ http://irep.iium.edu.my/29613/ http://irep.iium.edu.my/29613/1/INVISIBLE__HANDS_BEHIND_CORPORATE_GOVERNANCE_PRACTICES_IN_MALAYSIA.pdf

id	iium-29613
recordtype	eprints
spelling	iium-296132013-04-19T02:27:53Z http://irep.iium.edu.my/29613/ Invisible hands behind the corporate governance practices in Malaysia Htay, Sheila Nu Nu Salman, Syed Ahmed Shaugee, Ibrahim HG1501 Banking The issues of corporate governance became very popular in the corporate world in UK, USA and Europe during the last two decades. With the opening up of economies and liberalization, the concern for corporate governance also spread to the developing world. Therefore, most of the developed and developing countries, including Malaysia have laid down corporate governance guidelines to enhance the current governance practices. Based on the analysis of the contents in the corporate governance codes, most of the recommendations are founded on the concept of agency theory. Unfortunately, the majority of the findings of researchers show that the results are not in line with the theoretical expectations. In Malaysia, Malaysian Code on Corporate Governance was introduced in 1998 and eventually; it has been amended in 2000 and 2007. However, some of the findings on corporate governance in Malaysia are not in line with the recommendations of the Code. Thus, this study examines the possible reasons that hinder current corporate governance system less effective in Malaysia. The main reasons for this problem are due to nature of ownership structure, political and culture background of Malaysia and the adoption of unsuitable foreign corporate governance template. The findings of this research will be useful for the regulators to develop future rules and regulations and implement them accordingly. Field of Research: Agency theory, corporate governance, banks World Business Institute 2013-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/29613/1/INVISIBLE__HANDS_BEHIND_CORPORATE_GOVERNANCE_PRACTICES_IN_MALAYSIA.pdf Htay, Sheila Nu Nu and Salman, Syed Ahmed and Shaugee, Ibrahim (2013) Invisible hands behind the corporate governance practices in Malaysia. World Journal of Social Sciences, 3 (1). pp. 119-135. ISSN 1839-1184 http://wbiaus.org/11.%20Sheila1.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Htay, Sheila Nu Nu Salman, Syed Ahmed Shaugee, Ibrahim Invisible hands behind the corporate governance practices in Malaysia
description	The issues of corporate governance became very popular in the corporate world in UK, USA and Europe during the last two decades. With the opening up of economies and liberalization, the concern for corporate governance also spread to the developing world. Therefore, most of the developed and developing countries, including Malaysia have laid down corporate governance guidelines to enhance the current governance practices. Based on the analysis of the contents in the corporate governance codes, most of the recommendations are founded on the concept of agency theory. Unfortunately, the majority of the findings of researchers show that the results are not in line with the theoretical expectations. In Malaysia, Malaysian Code on Corporate Governance was introduced in 1998 and eventually; it has been amended in 2000 and 2007. However, some of the findings on corporate governance in Malaysia are not in line with the recommendations of the Code. Thus, this study examines the possible reasons that hinder current corporate governance system less effective in Malaysia. The main reasons for this problem are due to nature of ownership structure, political and culture background of Malaysia and the adoption of unsuitable foreign corporate governance template. The findings of this research will be useful for the regulators to develop future rules and regulations and implement them accordingly. Field of Research: Agency theory, corporate governance, banks
format	Article
author	Htay, Sheila Nu Nu Salman, Syed Ahmed Shaugee, Ibrahim
author_facet	Htay, Sheila Nu Nu Salman, Syed Ahmed Shaugee, Ibrahim
author_sort	Htay, Sheila Nu Nu
title	Invisible hands behind the corporate governance practices in Malaysia
title_short	Invisible hands behind the corporate governance practices in Malaysia
title_full	Invisible hands behind the corporate governance practices in Malaysia
title_fullStr	Invisible hands behind the corporate governance practices in Malaysia
title_full_unstemmed	Invisible hands behind the corporate governance practices in Malaysia
title_sort	invisible hands behind the corporate governance practices in malaysia
publisher	World Business Institute
publishDate	2013
url	http://irep.iium.edu.my/29613/ http://irep.iium.edu.my/29613/ http://irep.iium.edu.my/29613/1/INVISIBLE__HANDS_BEHIND_CORPORATE_GOVERNANCE_PRACTICES_IN_MALAYSIA.pdf
first_indexed	2023-09-18T20:43:29Z
last_indexed	2023-09-18T20:43:29Z
_version_	1777409520535863296

Invisible hands behind the corporate governance practices in Malaysia

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