Ethical issues in corporate governance principles: with reference to directorsʼ duties

Corporate governance is about how a company is being controlled and managed in the interests of its shareholders and stakeholders. Codes of corporate governance embody rules of conduct and best practices which are directed to the controller of the company i.e. the board of directors. Corporate...

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Main Authors: Hassan, Halyani, Ibrahim, Ahmad
Format: Article
Language:English
Published: Eubios Ethics Institute 2010
Subjects:
Online Access:http://irep.iium.edu.my/23691/
http://irep.iium.edu.my/23691/
http://irep.iium.edu.my/23691/1/Ethical_Issues_in_Corporate.pdf
id iium-23691
recordtype eprints
spelling iium-236912012-04-26T00:54:01Z http://irep.iium.edu.my/23691/ Ethical issues in corporate governance principles: with reference to directorsʼ duties Hassan, Halyani Ibrahim, Ahmad K Law (General) Corporate governance is about how a company is being controlled and managed in the interests of its shareholders and stakeholders. Codes of corporate governance embody rules of conduct and best practices which are directed to the controller of the company i.e. the board of directors. Corporate governance principles have been introduced to enhance accountability and transparency in a company. In most circumstances these are reflected in the duties and responsibilities of the directors as stated in the relevant statutory provisions. On the other hand, ethical issues in business corporations relate with integrity, honesty and fairness. This paper intends to highlight and examine the ethical elements in those statutory provisions which have been legislated based on corporate governance principles. The study would be focused on directorsʼ fiduciary duty and duty of care. It would look beyond corporate social responsibility practices which have often been described as companyʼs ethical duty. It is perceived that those duties stated in the statutory provision had imposed ethical behavior upon the directors. Hence, the corporate governance principles which emphasis on accountability and transparency had actually been mooted from values such as integrity, honesty and fairness. The main terms of reference of this paper are corporate governance principles, directorsʼ duties and ethical issues. Research methodologies adopted are doctrinal and statutory analysis. Eubios Ethics Institute 2010-11 Article PeerReviewed application/pdf en http://irep.iium.edu.my/23691/1/Ethical_Issues_in_Corporate.pdf Hassan, Halyani and Ibrahim, Ahmad (2010) Ethical issues in corporate governance principles: with reference to directorsʼ duties. Eubios Journal of Asian and International Bioethics, 20 (6). p. 253. ISSN 1173-2571 http://www.eubios.info/EJAIB112010suppICEP.pdf
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic K Law (General)
spellingShingle K Law (General)
Hassan, Halyani
Ibrahim, Ahmad
Ethical issues in corporate governance principles: with reference to directorsʼ duties
description Corporate governance is about how a company is being controlled and managed in the interests of its shareholders and stakeholders. Codes of corporate governance embody rules of conduct and best practices which are directed to the controller of the company i.e. the board of directors. Corporate governance principles have been introduced to enhance accountability and transparency in a company. In most circumstances these are reflected in the duties and responsibilities of the directors as stated in the relevant statutory provisions. On the other hand, ethical issues in business corporations relate with integrity, honesty and fairness. This paper intends to highlight and examine the ethical elements in those statutory provisions which have been legislated based on corporate governance principles. The study would be focused on directorsʼ fiduciary duty and duty of care. It would look beyond corporate social responsibility practices which have often been described as companyʼs ethical duty. It is perceived that those duties stated in the statutory provision had imposed ethical behavior upon the directors. Hence, the corporate governance principles which emphasis on accountability and transparency had actually been mooted from values such as integrity, honesty and fairness. The main terms of reference of this paper are corporate governance principles, directorsʼ duties and ethical issues. Research methodologies adopted are doctrinal and statutory analysis.
format Article
author Hassan, Halyani
Ibrahim, Ahmad
author_facet Hassan, Halyani
Ibrahim, Ahmad
author_sort Hassan, Halyani
title Ethical issues in corporate governance principles: with reference to directorsʼ duties
title_short Ethical issues in corporate governance principles: with reference to directorsʼ duties
title_full Ethical issues in corporate governance principles: with reference to directorsʼ duties
title_fullStr Ethical issues in corporate governance principles: with reference to directorsʼ duties
title_full_unstemmed Ethical issues in corporate governance principles: with reference to directorsʼ duties
title_sort ethical issues in corporate governance principles: with reference to directorsʼ duties
publisher Eubios Ethics Institute
publishDate 2010
url http://irep.iium.edu.my/23691/
http://irep.iium.edu.my/23691/
http://irep.iium.edu.my/23691/1/Ethical_Issues_in_Corporate.pdf
first_indexed 2023-09-18T20:35:49Z
last_indexed 2023-09-18T20:35:49Z
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