Islamic worldview-based corporate governance framework in providing guidance on Executive Directors’ remuneration in an Islamic financial institution
This chapter addresses how corporate governance supports shareholder-director conflicts and company success. Islamic financial institution (IFI) governance and performance have not been studied, yet corporate governance has affected previous financial crises. This examines IFI board size, ownersh...
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Main Authors: | , |
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Format: | Book Chapter |
Language: | English English |
Published: |
IGI Global Business Science Reference
2023
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Subjects: | |
Online Access: | http://irep.iium.edu.my/109781/13/109781_Islamic%20Worldview%20Based%20Corporate%20Governance%20Framework%20in%20Providing%20Guidance%20on%20Exec%20Director.pdf http://irep.iium.edu.my/109781/14/109781_Islamic%20Worldview%20Base%20Corporate%20Governance%20framework%20in%20providing%20guidance%20on%20executive%20directors_Scopus.pdf http://irep.iium.edu.my/109781/ http://www.igi-global.com https://10.4018/978-1-6684-9867-5.ch008 |
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Summary: | This chapter addresses how corporate governance supports shareholder-director conflicts
and company success. Islamic financial institution (IFI) governance and performance
have not been studied, yet corporate governance has affected previous financial crises.
This examines IFI board size, ownership, CEO duality, and pay committee independent
directors. Also studied is how Islamic corporate governance influences executive director
pay. Thus, IFIs require an IWBCGF to handle current and future corporate governance
issues. Qualitative corporate governance metrics research and qualitative Islamic
principle evaluation helped exploratory studies attain these goals. The research shows
that corporate governance strongly impacts IFI executive pay. These results show that
executive directors require an Islamic-based comprehensive governance framework to
navigate corporate governance issues. The study makes literary contributions. It tackles
the lack of religious research on Islam and IFI corporate governance. It highlights
IFIs’ corporate governance and CEO remuneration. |
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