CORPORATE GOVERNANCE DEVELOPMENTS IN THE SAUDI ARABIA AND MALAYSIA
In the past few years, there has been an increasing concern over the discrepancy of standards of the corporate governance amongst the developed and the developing countries since they affect their competitive advantages economically. In 2017, Saudi Arabia and Malaysia have amended their codes on cor...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
UUM Press
2020-03-01
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| Series: | UUM Journal of Legal Studies |
| Online Access: | https://www.e-journal.uum.edu.my/index.php/uumjls/article/view/9125 |
| _version_ | 1797938131434995712 |
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| author | Algoere Turki Naif S Hasani Mohd Ali |
| author_facet | Algoere Turki Naif S Hasani Mohd Ali |
| author_sort | Algoere Turki Naif S |
| collection | DOAJ |
| description | In the past few years, there has been an increasing concern over the discrepancy of standards of the corporate governance amongst the developed and the developing countries since they affect their competitive advantages economically. In 2017, Saudi Arabia and Malaysia have amended their codes on corporate governance, in order to promote ethical behaviour, transparency, accountability and investor stewardship. In this paper, the researchers analyse the important features of these new codes of Saudi Arabia and Malaysia. They use a comparative approach to identify the advantages and limitations and also to determine areas for improvement. This paper finds that several transformations were already taking place in both jurisdictions. However, there are many areas that require continuous development, especially those related to the independence of the board, gender diversity problems, and impartiality in the decisionmaking process. The researchers suggest that many recommendations regarding the manner in which the two countries can address the loopholes and thereafter, improve their corporate governance codes in order to be on a par with international standards.
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| first_indexed | 2024-04-10T18:56:00Z |
| format | Article |
| id | doaj.art-9ed438dbccac4d418ba642f9038fdbd4 |
| institution | Directory Open Access Journal |
| issn | 2229-984X 0127-9483 |
| language | English |
| last_indexed | 2024-04-10T18:56:00Z |
| publishDate | 2020-03-01 |
| publisher | UUM Press |
| record_format | Article |
| series | UUM Journal of Legal Studies |
| spelling | doaj.art-9ed438dbccac4d418ba642f9038fdbd42023-02-01T03:10:21ZengUUM PressUUM Journal of Legal Studies2229-984X0127-94832020-03-01101CORPORATE GOVERNANCE DEVELOPMENTS IN THE SAUDI ARABIA AND MALAYSIAAlgoere Turki Naif S0Hasani Mohd Ali1Faculty of Law, The National University of MalaysiaFaculty of Law, The National University of MalaysiaIn the past few years, there has been an increasing concern over the discrepancy of standards of the corporate governance amongst the developed and the developing countries since they affect their competitive advantages economically. In 2017, Saudi Arabia and Malaysia have amended their codes on corporate governance, in order to promote ethical behaviour, transparency, accountability and investor stewardship. In this paper, the researchers analyse the important features of these new codes of Saudi Arabia and Malaysia. They use a comparative approach to identify the advantages and limitations and also to determine areas for improvement. This paper finds that several transformations were already taking place in both jurisdictions. However, there are many areas that require continuous development, especially those related to the independence of the board, gender diversity problems, and impartiality in the decisionmaking process. The researchers suggest that many recommendations regarding the manner in which the two countries can address the loopholes and thereafter, improve their corporate governance codes in order to be on a par with international standards. https://www.e-journal.uum.edu.my/index.php/uumjls/article/view/9125 |
| spellingShingle | Algoere Turki Naif S Hasani Mohd Ali CORPORATE GOVERNANCE DEVELOPMENTS IN THE SAUDI ARABIA AND MALAYSIA UUM Journal of Legal Studies |
| title | CORPORATE GOVERNANCE DEVELOPMENTS IN THE SAUDI ARABIA AND MALAYSIA |
| title_full | CORPORATE GOVERNANCE DEVELOPMENTS IN THE SAUDI ARABIA AND MALAYSIA |
| title_fullStr | CORPORATE GOVERNANCE DEVELOPMENTS IN THE SAUDI ARABIA AND MALAYSIA |
| title_full_unstemmed | CORPORATE GOVERNANCE DEVELOPMENTS IN THE SAUDI ARABIA AND MALAYSIA |
| title_short | CORPORATE GOVERNANCE DEVELOPMENTS IN THE SAUDI ARABIA AND MALAYSIA |
| title_sort | corporate governance developments in the saudi arabia and malaysia |
| url | https://www.e-journal.uum.edu.my/index.php/uumjls/article/view/9125 |
| work_keys_str_mv | AT algoereturkinaifs corporategovernancedevelopmentsinthesaudiarabiaandmalaysia AT hasanimohdali corporategovernancedevelopmentsinthesaudiarabiaandmalaysia |