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 104
- Downloads 0
Understanding Consumer Behaviour to Develop Competitive Advantage: A Case Study Exploring the Attitudes of German Consumers towards Fruits with Cosmetic Flaws
Worldwide, there is a great contradiction when it comes to food waste. On the one hand, it is estimated that up to 40 % of the globally produced food is lost or wasted every year, on the other hand about 925 million peop...
Comparative Analysis of Teacher Clinical Experience Guiding Principles in Selected Teacher Training Institutions Around the World
Clinical experience is crucial in developing student teachers’ conception about the teaching profession. They are required to make decisions in specific situations and context hence they need to draw on their beliefs, as...
A Survey of Program Melestari Company Secretary Bumiputera: Does the Program give an Impact?
The role of company secretary has been receiving great demand recently due to the complexity of management in a dynamic corporate environment. It has become significant and evolve in not just performing administrative du...
Young Voters’ Participation: General Election 2013
In the era of globalization, public concerns on young voters’ political participation is imperative. The purpose of this study is to examine three issues such as youth political participation, protest and radicalism incl...
Modelling Social System for School Effectiveness
School effectiveness is the level at which school is able to accomplish its pre-determined objectives with a view to solving the obstacles that might hinder the smooth running of schools. Although, substantial progress w...