A Comparison between Corporate Governance and Corporate Governance in Islamic Perspective

Abstract

The corporate governance issues have been endlessly discussed in the wake of perpetual corporate scandals and crisis. Thus, the Malaysian government has indeed made several initiatives to strengthen the practice of Malaysia’s corporate governance, where the Malaysian Code on practicing good Corporate Governance has been introduced in 2000, which was later revised in 2007 and 2012 with the objectives to strengthen the monitoring in the interest of shareholders of several systems. The concept of corporate governance can be explored from different sources, which most of the previous scholars exploring the corporate governance from conventional perspective compared to corporate governance from Islamic perspective. Moreover, the conventional of corporate governance has been influenced by cultures, faith and religion of Christian which grown in Western. Therefore, the main focus of this study is to discuss the comparison between corporate governance and corporate governance in Islamic perspective in the context of definition and role of corporate governance in Islamic Financial Institutions.

Authors and Affiliations

Daing Maruak Sadek, Khilmy Abd Rahim, Zakaria Abas

Keywords

Related Articles

The Arbitration Decision in the Light of the Legal Provisions: Theoretical and Practical Aspects

The arbitration decision is enforceable and forcefully executed as a judgment. The arbitration decision is binding on the parties under the arbitration convention and the law, and it is treated as a final judgment having...

Influence of Perceived Stress and Organizational Justice on Employee Wellbeing amongst Academia: A Conceptual

This paper proposes a conceptual model and states valid propositions to be tested by future researchers empirically. The model explicates the influence of perceived stress and organizational justice on employee wellbeing...

Chinese-American Consumption of Financial Service: A Cultural Framework

While the Latino/Hispanic segment of US population has garnered the most attention from the practice and research of financial services marketers, the Asian and Pacific Islanders segment has received less attention. The...

Influence of Information Asymmetry on Commercial Banks Lending Performance in Rwanda

This study about the influence of information asymmetry on the commercial banks’ lending in Rwanda includes four specific objectives which to analyze the influence of moral hazard asymmetric information on the commercial...

Accounting Body Membership of Audit Committee Member and Fraudulent Financial Reporting

Fraudulent financial reporting is a global phenomenon which has attracted attention of the business and financial community, regulatory bodies and the public. It is harmful in many ways. As a result, various mechanisms h...

Download PDF file
  • EP ID EP560862
  • DOI 10.6007/IJARBSS/v8-i4/4009
  • Views 100
  • Downloads 0

How To Cite

Daing Maruak Sadek, Khilmy Abd Rahim, Zakaria Abas (2018). A Comparison between Corporate Governance and Corporate Governance in Islamic Perspective. International Journal of Academic Research in Business and Social Sciences, 8(4), 220-229. https://europub.co.uk/articles/-A-560862