Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian

Current reform concerning directors’remuneration relies on improvinglegal rules and self-regulation to minimise expropriation of minority share-holders. These have prominently focussed on empowering shareholders. Nonetheless, it is unclear as to the extent these reform proposals are compatible with...

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Main Author:	Mohd. Sulaiman, Aiman @ Nariman
Format:	Article
Language:	English
Published:	Monash UniversityLibrary 2013
Subjects:	K Law (General)
Online Access:	http://irep.iium.edu.my/34958/ http://irep.iium.edu.my/34958/ http://irep.iium.edu.my/34958/1/asjcl-2013-0020.aop.pdf

id	iium-34958
recordtype	eprints
spelling	iium-349582018-08-14T02:11:21Z http://irep.iium.edu.my/34958/ Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian Mohd. Sulaiman, Aiman @ Nariman K Law (General) Current reform concerning directors’remuneration relies on improvinglegal rules and self-regulation to minimise expropriation of minority share-holders. These have prominently focussed on empowering shareholders. Nonetheless, it is unclear as to the extent these reform proposals are compatible within the concentrated shareholding structure. Some of the reforms taking place in developed countries are suited for dispersed shareholding structure and thus transplanting them to emerging economies with concentrated share-holders may be ineffective. Malaysia poses an interesting case study, especially to countries with similar ownership structure as the concentrated shareholding structure raises different agency problems. The issue of protection of minority shareholder rights and the prevention of abuse of the controlling power by paying excessive remuneration to the executives is therefore a subject of due consideration in Malaysia and countries with similar shareholding structures. This article recommends that Malaysia and other emerging countries look into encouraging limited shareholder empowerment in tandem with laws. Monash UniversityLibrary 2013-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/34958/1/asjcl-2013-0020.aop.pdf Mohd. Sulaiman, Aiman @ Nariman (2013) Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian. Asian Journal of Comparative Law. ISSN 1932-0205 (In Press) http://www.degruyter.com/view/j/asjcl.2013.8.issue-1/issue-files/asjcl.2013.8.issue-1.xml
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) Mohd. Sulaiman, Aiman @ Nariman Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian
description	Current reform concerning directors’remuneration relies on improvinglegal rules and self-regulation to minimise expropriation of minority share-holders. These have prominently focussed on empowering shareholders. Nonetheless, it is unclear as to the extent these reform proposals are compatible within the concentrated shareholding structure. Some of the reforms taking place in developed countries are suited for dispersed shareholding structure and thus transplanting them to emerging economies with concentrated share-holders may be ineffective. Malaysia poses an interesting case study, especially to countries with similar ownership structure as the concentrated shareholding structure raises different agency problems. The issue of protection of minority shareholder rights and the prevention of abuse of the controlling power by paying excessive remuneration to the executives is therefore a subject of due consideration in Malaysia and countries with similar shareholding structures. This article recommends that Malaysia and other emerging countries look into encouraging limited shareholder empowerment in tandem with laws.
format	Article
author	Mohd. Sulaiman, Aiman @ Nariman
author_facet	Mohd. Sulaiman, Aiman @ Nariman
author_sort	Mohd. Sulaiman, Aiman @ Nariman
title	Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian
title_short	Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian
title_full	Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian
title_fullStr	Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian
title_full_unstemmed	Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian
title_sort	controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate malaysian
publisher	Monash UniversityLibrary
publishDate	2013
url	http://irep.iium.edu.my/34958/ http://irep.iium.edu.my/34958/ http://irep.iium.edu.my/34958/1/asjcl-2013-0020.aop.pdf
first_indexed	2023-09-18T20:50:16Z
last_indexed	2023-09-18T20:50:16Z
_version_	1777409946938245120

Controlling shareholders: issues and challenges for shareholders’ empowerment in directors’ remuneration in corporate Malaysian

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