Theorising new paradigm of corporate governance: Moving towards Malaysian economic transformation programme

• Main Authors: Othman, Zaleha, Shafie, Rohami, Abdul Hamid, Fathilatul Zakimi
• Format: Monograph
• Language: English
• Published: Universiti Utara Malaysia 2013
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/14735/1/Dr.%20Zaleha.pdf; http://repo.uum.edu.my/14735/; http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000804497

The research aims to provide insightful understanding of corporate governance concept. The research proposed a shift from structural or functional corporate governance concept, where the framework is based on quantifiable corporate governance to a pluralism corporate governance to suit the Malaysia environment.As good governance provides a foundation to achieve sustainable economic growth and legitimize business activities, understanding the concept is priori.In realism, empirical evidence and conceptual argument often cited in the literature to critic and comment on the concept of corporate governance.Many scholars concerns on the superficial and inadequacy of corporate governance concept.We draws heavily on ideas developed around the inquiry methodological construction. Such methodological feature would be able to unfolds and defends the new paradigm of corporate governance.Based on our inquiry findings, several themes emerged to understand corporate governance concept from Malaysian context.We found multi faceted views on the meaning of corporate governance; first, corporate governance established as the rule based approach and second, corporate governance is a social process that integrates pluralism perspective.We sum up our philosophical orientation of corporate governance concept should be revised. We expect positive impact of the findings towards enhancement of knowledge, practical application and improvise the theoretical foundation related to philosophical and rational understanding of corporate governance. Our findings will support insightful understanding of corporate governance due to its relevant and close to fit interpretation of the meaning which address the implementation of the corporate governance practices.Apart from being relevant and value added, the concept of corporate governance would be customized to suit the society.