Good corporate governance and organizational performance of public companies in Malaysia: operationalizing the promotion of goodness (amr bil ma'ruf) and prevention of evil (nah al munkar)

• Main Authors: Mhd. Sarif, Suhaimi, Ismail, Yusof
• Format: Monograph
• Language: English
• Published: s.n 2012
• Subjects: HF5549 Personnel management
• Online Access: http://irep.iium.edu.my/33670/1/EDW_A11-133-0924.pdf; http://irep.iium.edu.my/33670/

This research contributes to a perspective on the knowledge of promotion of goodness (al amr bil ma’ruf) and prevention of evil (wa nahyu ‘anil munkar) into corporate governance of public companies. In the modern managerial paradigm, managers are expected to get things done in organizations through their fellow colleagues efficiently and effectively. The study uses Al Qurtubi and Ibn Taymiyyah models in operationalizing the promotion of goodness (al ‘amr bil ma’aruf) and prevention of evil (wa nahyu anil munkar) in modern public companies’ corporate environment. The study uses content analysis on secondary data and information of Bursa Malaysia public companies’ annual reports, Internet search engine hit analyses, selected literature on corporate governance and website information of 100 public companies. The results of the content analysis suggested 13 factors that contributed to good corporate governance. Business decision makers are recommended to use the 13-factor checklist for corporate governance practices assessment. The study also proposed 15 actions to use good corporate governance practices to achieve sustainable organizational performance. The study conducted survey and personal interviews but the results were not statistically significant and meaningful. The study proposes the future study to use survey and personal interview.