Audit committee and auditor independence: the Malaysia case
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The efforts towards better corporate governance practices of firms in the Malaysian capital market were started by the Securities Commission (SC) as early as 1996 in three-phased shift disclosure-based regulations (DBR). During Phase 1 (1996-1999: Flexible/Hybrid Merit Based Regime), the emphasis was to regulate on disclosure, due diligence and corporate governance. Phase 2 (January 2000: Partial DBR) still focused on corporate disclosure, due diligence and corporate governance, but included focus on promotion of accountability and self-regulation. In Phase 3 (2001 onwards: Full DBR) the SC enforced high standards of disclosure, due diligence and corporate governance as well as exercise of self regulation and responsible conduct ...
Corporate governance , Audit committee , Bankers , Auditor , Malaysia
Muhamad Sori, Z., Ramadili Mohd, S. M., & Abdul Wahab, S. (2012). Audit committee and auditor independence: the Malaysia case. In Zulkarnain Muhamad Sori, Ridzwana Mohd Said, Mazrah Malek and Rosmila Senik (Eds.), Corporate governance practices in Malaysia (pp. 199-215). Serdang, Selangor: UPM Press.