Let’s move to “Universal Corporate Governance Theory”

Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global fin...

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Main Authors: Htay, Sheila Nu Nu, Syed, Ahmed Salman, Mydin Meera, Ahamed Kameel
Format: Article
Language:English
Published: IDOSI Publications 2013
Subjects:
Online Access:http://irep.iium.edu.my/31359/
http://irep.iium.edu.my/31359/
http://irep.iium.edu.my/31359/
http://irep.iium.edu.my/31359/1/universal.pdf
id iium-31359
recordtype eprints
spelling iium-313592013-10-04T01:20:53Z http://irep.iium.edu.my/31359/ Let’s move to “Universal Corporate Governance Theory” Htay, Sheila Nu Nu Syed, Ahmed Salman Mydin Meera, Ahamed Kameel HG1501 Banking Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious inadequacies in the effectiveness of corporate governance. Therefore, these governance failures motivate the researchers to revisit and evaluate corporate governance theories from the ethical point of view. The main aim of this study is to propose “The Universal Corporate Governance Theory” which is developed based on the ethical teachings of Christians, Judaism, Islam, Sikh, Hinduism and Buddhism. It is expected that this ethical based theory will be applicable and acceptable for all types of organizations at any space and time. It is also believed that if the top corporate players are molded by this proposed theory, it will bring the social and economic justice what we are dreaming to achieve. Our proposed Universal Corporate Governance Theory is “Corporate players must be responsible and accountable in discharging their duty to achieve socio economic justice”. IDOSI Publications 2013-08 Article PeerReviewed application/pdf en http://irep.iium.edu.my/31359/1/universal.pdf Htay, Sheila Nu Nu and Syed, Ahmed Salman and Mydin Meera, Ahamed Kameel (2013) Let’s move to “Universal Corporate Governance Theory”. Middle-East Journal of Scientific Research, 15 (7). pp. 1047-1053. ISSN 1990-9233 http://www.idosi.org/mejsr/mejsr15(7)13/18.pdf 10.5829/idosi.mejsr.2013.15.7.3561
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
Syed, Ahmed Salman
Mydin Meera, Ahamed Kameel
Let’s move to “Universal Corporate Governance Theory”
description Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious inadequacies in the effectiveness of corporate governance. Therefore, these governance failures motivate the researchers to revisit and evaluate corporate governance theories from the ethical point of view. The main aim of this study is to propose “The Universal Corporate Governance Theory” which is developed based on the ethical teachings of Christians, Judaism, Islam, Sikh, Hinduism and Buddhism. It is expected that this ethical based theory will be applicable and acceptable for all types of organizations at any space and time. It is also believed that if the top corporate players are molded by this proposed theory, it will bring the social and economic justice what we are dreaming to achieve. Our proposed Universal Corporate Governance Theory is “Corporate players must be responsible and accountable in discharging their duty to achieve socio economic justice”.
format Article
author Htay, Sheila Nu Nu
Syed, Ahmed Salman
Mydin Meera, Ahamed Kameel
author_facet Htay, Sheila Nu Nu
Syed, Ahmed Salman
Mydin Meera, Ahamed Kameel
author_sort Htay, Sheila Nu Nu
title Let’s move to “Universal Corporate Governance Theory”
title_short Let’s move to “Universal Corporate Governance Theory”
title_full Let’s move to “Universal Corporate Governance Theory”
title_fullStr Let’s move to “Universal Corporate Governance Theory”
title_full_unstemmed Let’s move to “Universal Corporate Governance Theory”
title_sort let’s move to “universal corporate governance theory”
publisher IDOSI Publications
publishDate 2013
url http://irep.iium.edu.my/31359/
http://irep.iium.edu.my/31359/
http://irep.iium.edu.my/31359/
http://irep.iium.edu.my/31359/1/universal.pdf
first_indexed 2023-09-18T20:45:35Z
last_indexed 2023-09-18T20:45:35Z
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