Factors that Influence Corporate Governance Failures in Malaysia
In this modern competitive world, corporate failure has been debated as it had an adverse effect on many people such as shareholders, employees, suppliers, and also gives a diverse impact on the local as well as international communities. This paper explores the impact and how to overcome corporate...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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Universiti Malaysia Pahang
2017
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/17607/1/5.%20Factors%20that%20influence%20corporate%20governance%20failures%20in%20malaysia.pdf |
| _version_ | 1825823723020615680 |
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| author | Tengku Intan Nabilah, Tenku Sulaiman Nur Syazwani, Ahmad |
| author_facet | Tengku Intan Nabilah, Tenku Sulaiman Nur Syazwani, Ahmad |
| author_sort | Tengku Intan Nabilah, Tenku Sulaiman |
| collection | UMP |
| description | In this modern competitive world, corporate failure has been debated as it had an adverse effect on many people such as shareholders, employees, suppliers, and also gives a diverse impact on the local as well as international communities. This paper explores the impact and how to overcome corporate failure in Malaysia. The first part of the paper describes all the relevant facts about the company selected. In this section, will review the corporate scandal happen and factors that leads to corporate failure by using theory of fraud diamond. The second part of the paper explores the recommendation and challenges that are needed to address corporate failure.
The recommendations include having the basic fundamentals of a good company culture such as integrity, transparency, accountability which starts from the tone at the top. Organizations need to also review their internal control systems such as strengthening their standard operating procedure and controls to ensure all weaknesses in controls are addressed. Organizations also
need to strictly enforce the laws and regulations as well as implement on-going monitoring to ensure that all parties, internal and external comply with the laws and regulations set. Lastly, the paper will share the lessons learned from the two cases examined. |
| first_indexed | 2024-03-06T12:15:22Z |
| format | Conference or Workshop Item |
| id | UMPir17607 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2024-03-06T12:15:22Z |
| publishDate | 2017 |
| publisher | Universiti Malaysia Pahang |
| record_format | dspace |
| spelling | UMPir176072017-06-02T02:17:41Z http://umpir.ump.edu.my/id/eprint/17607/ Factors that Influence Corporate Governance Failures in Malaysia Tengku Intan Nabilah, Tenku Sulaiman Nur Syazwani, Ahmad HD28 Management. Industrial Management In this modern competitive world, corporate failure has been debated as it had an adverse effect on many people such as shareholders, employees, suppliers, and also gives a diverse impact on the local as well as international communities. This paper explores the impact and how to overcome corporate failure in Malaysia. The first part of the paper describes all the relevant facts about the company selected. In this section, will review the corporate scandal happen and factors that leads to corporate failure by using theory of fraud diamond. The second part of the paper explores the recommendation and challenges that are needed to address corporate failure. The recommendations include having the basic fundamentals of a good company culture such as integrity, transparency, accountability which starts from the tone at the top. Organizations need to also review their internal control systems such as strengthening their standard operating procedure and controls to ensure all weaknesses in controls are addressed. Organizations also need to strictly enforce the laws and regulations as well as implement on-going monitoring to ensure that all parties, internal and external comply with the laws and regulations set. Lastly, the paper will share the lessons learned from the two cases examined. Universiti Malaysia Pahang 2017 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/17607/1/5.%20Factors%20that%20influence%20corporate%20governance%20failures%20in%20malaysia.pdf Tengku Intan Nabilah, Tenku Sulaiman and Nur Syazwani, Ahmad (2017) Factors that Influence Corporate Governance Failures in Malaysia. In: Proceedings of the FGIC 1st Conference on Governance & Integrity , 3-4 April 2017 , Yayasan Pahang, Kuantan, Malaysia. pp. 79-93.. ISBN 978-967-2054-37-5 (Published) http://fgic.ump.edu.my/images/docman/1st-FGIC-Proceedings.pdf |
| spellingShingle | HD28 Management. Industrial Management Tengku Intan Nabilah, Tenku Sulaiman Nur Syazwani, Ahmad Factors that Influence Corporate Governance Failures in Malaysia |
| title | Factors that Influence Corporate Governance Failures in Malaysia
|
| title_full | Factors that Influence Corporate Governance Failures in Malaysia
|
| title_fullStr | Factors that Influence Corporate Governance Failures in Malaysia
|
| title_full_unstemmed | Factors that Influence Corporate Governance Failures in Malaysia
|
| title_short | Factors that Influence Corporate Governance Failures in Malaysia
|
| title_sort | factors that influence corporate governance failures in malaysia |
| topic | HD28 Management. Industrial Management |
| url | http://umpir.ump.edu.my/id/eprint/17607/1/5.%20Factors%20that%20influence%20corporate%20governance%20failures%20in%20malaysia.pdf |
| work_keys_str_mv | AT tengkuintannabilahtenkusulaiman factorsthatinfluencecorporategovernancefailuresinmalaysia AT nursyazwaniahmad factorsthatinfluencecorporategovernancefailuresinmalaysia |