Corporate Governance In Malaysia: The Effect Of Corporate Reforms And State Business Relation In Malaysia
The Asian Financial Crisis in 1997 not only introduced the term of corporate governance but also drew attention of the public about the weaknesses of Malaysian corporate governance practice. After 1998, Malaysian government decided to adopt corporate reform that could enhance the quality of good...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
2007
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| Subjects: | |
| Online Access: | http://eprints.usm.my/35947/1/AAMJ_12-1-2.pdf http://eprints.usm.my/35947/ http://web.usm.my/aamj/12.1.2007/AAMJ%2012-1-2.pdf |
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| Summary: | The Asian Financial Crisis in 1997 not only introduced the term of corporate governance
but also drew attention of the public about the weaknesses of Malaysian corporate
governance practice. After 1998, Malaysian government decided to adopt corporate
reform that could enhance the quality of good corporate management practice. This
reform is clearly stated in the code and rules of corporate governance. The purpose of
this research is to study the significance of implementing the code and rules of corporate
governance since the public already realize the close relationship between business and
politics. Three companies were chosen as indicators for this study. As a result, it was
found that companies which are involved in corporate malpractice but have good
relationship with states will always be excluded from the legal corporate action |
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