- Master
Authors: Gulam Rusul, Ahmad Imran (2015) - After the 1997 Asian financial crisis, conventional bond and sukuk have become one of the major financial instruments for private and public listed firms in Malaysia to raise capital. In order to continuously attract both foreign and domestic investors and to maintain their participation in the bond and sukuk market it is vital that the regulatory authorities continuously strengthened corporate governance practices and regulatory framework to protect and safeguard the bond and sukuk holders' interest ...
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- Journal Article
Authors: Abu, Nor Zarina; Jasin, Djasriza; Shaikh Abdul Razak, Shaikh Hamzah; Sharif, Kamaruddin (2014) - The development of the takaful industry in Malaysia has seen tremendous growth since its inception and has emerged as an important component of the Islamic financial system in Malaysia. Being an Islamic institution, the takaful business has to adhere Islamic rules and regulations, incorporate maqasid shariah, uphold the Islamic corporate governance and at the same time achieve its business goals. This study looks into the current practices of governance of takaful in Malaysia an links it with maqasid Shariah by assessing the three main stakeholders namely, the takaful operators, the takaful agents and the policy holders. Data were elicited through interviews from the respective par...
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- Book
Authors: Muneeza, Aishath (2013) - There is no ready made definition for corporate governance. Some view corporate governance as an indescribable term like love and happiness, the nature of it is easy to understand, but difficult to describe in words. Islamically aligned corporate governance principles that apply to Islamic banking are dubbed as Shari'ah corporate governance. Corporate governance is essential to achieve optimal performance of any company. Without good corporate governance principles, a company could be described as a boat withour a rudder, which has no mission and vision to achieve.
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- Journal Article
Authors: Mohamad Mokhtar, Shabnam; Muhamad Sori, Zulkarnain; Abdul Hamid, Mohamad Ali; Zainal Abidin, Zaharuddin; Mohd Nasir, Azhar; Yaacob, Abu Sofian; Mustafa, Hasri (2009) - This paper examines the relationship between corporate governance practices and company performance. In this study, a Mann-Whitney U test was performed to compare the performance between 5 Malaysian companies that practice good corporate governance and 5 Malaysian companies that did not practice good corporate governance. A study by Standard & Poor's in 2004 was the main source to identify companies practicing good corporate governance and vice versa. Financial ratios namely return on assets, return on equity, earnings per share and profit margin were used as a measure of company performance. It is found that there is no difference in performance between companies that practice good c...
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- Book
Authors: Muhamad Sori, Zulkarnain; Mohd Said, Ridzwana; Malek, Mazrah; Senik, Rosmila (2012) - This book contains 17 chapters contributed by authors specializing in the related areas. The objective of the book is to disseminate research findings and ideas on corporate governance issues including environmental highlights from empirical works and literature reviews. This book will provide bases of reference for companies in enhancing their governance practices as well as for future researchers.
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- Chapter in Book
Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015) - The system of corporate control, effective and efficient governance that is consistent with Shariah guidance has been an important agenda for Islamic Financial Institutions since the existence of Islamic Finance in Malaysia. This is especially important in light of rapid growth in Islamic Finance industry not only in Malaysia but globally. For example, the global total assets of the industry as of end 2014 has exceeding USD2.0 trillion or a compounded annual growth rate (CAGR) of 17.4% between 2009 and 2014 (Ernst & Young, 2014). The well-functioning Islamic Finance industry can only be sustained if there is good corporate governance practice by IFIs that comply with Shariah guidance....
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- Journal Article
Authors: Mirakhor, Abbas; Zaidi, Iqbal (2006-12-01) - This paper attempts to set out the principal issues that need to be resolved in formulating a proposal for quotas and voice reform in the IMF that could command broad support. Following John Rawls, we argue that “justice is the first virtue of social institutions,” and we use his theory of justice to provide a method for understanding what should be the case, in the context of voice and voting shares, before international institutions, such as the IMF, are to be justifiable to their members. The implementation of this process suggests, among other things, that a major revision of the quota formulas is long overdue, and leaving this unaddressed raises serious questions regarding the IM...
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- Chapter in Book
Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012) - Timely disclosure and transparency of material information is a hallmark of good governance, and is indispensable to strong financial markets. The growing interest in strengthening corporate governance internationally is due to the many cases of corporate abuse by public listed companies such as Bank of Credit and Commerce International (BCCI), Credit Lyonnais Bank, Barings Bank, Daiwa, Poly Peck, Maxwell, Sumitomo, Enron and Worldcom.
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- Chapter in Book
Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Karbhari, Yusuf (2009) - Over the last few decades, a sizeable number of studies have examined the relationship between audit pricing model and corporate governance characteristics in developed economies (O'Sullivan and Diacon, 1994; Short et al., 1999; Peel & Clatworthy, 2001; Clatworthy & Peel, 2006; Yatim et al., 2006). The Cadbury Report (1992) viewed the auditor's report as "one of the corner stones of corporate governance". Peel and Clatworthy (2001) highlights that audit report contribute significantly towards "effective governance of modern corporations".
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- Chapter in Book
Authors: Muhamad Sori, Zulkarnain; Abdul Wahab, Sazali (2012) - The accounting profession plays a major role in facilitating good governance, accountability and transparency among corporate participants, and more importantly. It has become the 'gatekeeper of financial truth' (A-Kadir, 2000), Indeed, the role played by auditors was deemed to be the financial aspect of corporate governance. Good financial reporting is critical to effective functioning of the capital market.
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