Explicating the Corporate Governance Mechanisms of Shari’ah Compliant Companies
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 1
Abstract
The paper attempts to assess and examine the disclosure of the mechanisms of the corporate governance (CG), namely, board matters, nomination matters, audit matters, remuneration matters, communication matters, and risk management matters, of Shari’ah Compliant Companies (ShCCs) for a six-year period from 2008 until 2013. By using the weighted disclosure analyses approach, CG index was developed. The study examines the annual reports of a sample of 1,122 ShCCs which was selected based on the top 500 firms (by market capitalisation) for 2008 until 2013. In this study, SPSS was applied to assess the CG disclosure. Based on the descriptive analysis, the result indicates a remuneration matters (mean: 0.55) score higher than the other mechanisms; this was followed by audit matters (mean: 0.49). The study also found that, the average disclosure level of ShCCs was relatively low. Hence, the result has important implications for the enhancement of the CG disclosure of ShCC for a wider acceptance and reputation enhancement.
Authors and Affiliations
Syahiza Arsad, Roshima Said, Haslinda Yusoff, Rahayati Ahmad
Keywords
Related Articles
- EP ID EP530225
- DOI 10.6007/IJARBSS/v8-i1/3839
- Views 71
- Downloads 0
Young People Decision in Selection of Higher Education Institution: Theory of Planned Behavior Perspective
This paper aims to examine relationship of intention behaviour, subjective norms and perceived behavioural control in Theory of Planned Behavior (TPB) perspective. The study adopted a survey to collect data among 400 HEI...
Evaluation of My Kampung My Future Program Effectiveness Based on CIPP Model
The agriculture sector is making a name in the economic sector of a country. Hence, it enables to improve the standard of living of the community and becomes the largest contributor to the production of food. This articl...
Verbal Communication used by Cardiologist at National Heart Centre Malaysia
Issues regarding the relationship between doctors and patients have been discussed generally. Literature concerning the health care was based on the performance and patients’ view on the facility provided in the health c...
Risks, Bad News, and Good News of Exchange Rate Volatility and National Elections in Nigeria: (Empirical Evidence via Threshold GARCH and GARCH-in-mean Methodologies)
The nature and state of the Nigerian economy could only suggest lack of proficiency in policymaking; tool of the policy makers of Nigeria. It is however a fallacy because Nigeria do not lack right policies but the execut...
The Transition of Malay Political Culture in Terengganu: From Feudal, Neo-Feudal to New Politics
This study discusses the transition of political culture of Terengganu Malay community which began from the time of the Malay Sultanate until the 13th general election. Political culture of the traditional Malay society...