Factors that Influence Corporate Governance Failures in Malaysia

In this modern competitive world, corporate failure has been debated as it had an adverse effect on many people such as shareholders, employees, suppliers, and also gives a diverse impact on the local as well as international communities. This paper explores the impact and how to overcome corporate...

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Main Authors:	Tengku Intan Nabilah, Tenku Sulaiman, Nur Syazwani, Ahmad
Format:	Conference or Workshop Item
Language:	English
Published:	Universiti Malaysia Pahang 2017
Subjects:	HD28 Management. Industrial Management
Online Access:	http://umpir.ump.edu.my/id/eprint/17607/ http://umpir.ump.edu.my/id/eprint/17607/ http://umpir.ump.edu.my/id/eprint/17607/1/5.%20Factors%20that%20influence%20corporate%20governance%20failures%20in%20malaysia.pdf

id	ump-17607
recordtype	eprints
spelling	ump-176072017-06-02T02:17:41Z http://umpir.ump.edu.my/id/eprint/17607/ Factors that Influence Corporate Governance Failures in Malaysia Tengku Intan Nabilah, Tenku Sulaiman Nur Syazwani, Ahmad HD28 Management. Industrial Management In this modern competitive world, corporate failure has been debated as it had an adverse effect on many people such as shareholders, employees, suppliers, and also gives a diverse impact on the local as well as international communities. This paper explores the impact and how to overcome corporate failure in Malaysia. The first part of the paper describes all the relevant facts about the company selected. In this section, will review the corporate scandal happen and factors that leads to corporate failure by using theory of fraud diamond. The second part of the paper explores the recommendation and challenges that are needed to address corporate failure. The recommendations include having the basic fundamentals of a good company culture such as integrity, transparency, accountability which starts from the tone at the top. Organizations need to also review their internal control systems such as strengthening their standard operating procedure and controls to ensure all weaknesses in controls are addressed. Organizations also need to strictly enforce the laws and regulations as well as implement on-going monitoring to ensure that all parties, internal and external comply with the laws and regulations set. Lastly, the paper will share the lessons learned from the two cases examined. Universiti Malaysia Pahang 2017 Conference or Workshop Item PeerReviewed application/pdf en http://umpir.ump.edu.my/id/eprint/17607/1/5.%20Factors%20that%20influence%20corporate%20governance%20failures%20in%20malaysia.pdf Tengku Intan Nabilah, Tenku Sulaiman and Nur Syazwani, Ahmad (2017) Factors that Influence Corporate Governance Failures in Malaysia. In: Proceedings of the FGIC 1st Conference on Governance & Integrity, 3-4 April 2017 , Yayasan Pahang, Kuantan, Malaysia. pp. 79-93.. ISBN 978-967-2054-37-5 http://fgic.ump.edu.my/images/docman/1st-FGIC-Proceedings.pdf
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Malaysia Pahang
building	UMP Institutional Repository
collection	Online Access
language	English
topic	HD28 Management. Industrial Management
spellingShingle	HD28 Management. Industrial Management Tengku Intan Nabilah, Tenku Sulaiman Nur Syazwani, Ahmad Factors that Influence Corporate Governance Failures in Malaysia
description	In this modern competitive world, corporate failure has been debated as it had an adverse effect on many people such as shareholders, employees, suppliers, and also gives a diverse impact on the local as well as international communities. This paper explores the impact and how to overcome corporate failure in Malaysia. The first part of the paper describes all the relevant facts about the company selected. In this section, will review the corporate scandal happen and factors that leads to corporate failure by using theory of fraud diamond. The second part of the paper explores the recommendation and challenges that are needed to address corporate failure. The recommendations include having the basic fundamentals of a good company culture such as integrity, transparency, accountability which starts from the tone at the top. Organizations need to also review their internal control systems such as strengthening their standard operating procedure and controls to ensure all weaknesses in controls are addressed. Organizations also need to strictly enforce the laws and regulations as well as implement on-going monitoring to ensure that all parties, internal and external comply with the laws and regulations set. Lastly, the paper will share the lessons learned from the two cases examined.
format	Conference or Workshop Item
author	Tengku Intan Nabilah, Tenku Sulaiman Nur Syazwani, Ahmad
author_facet	Tengku Intan Nabilah, Tenku Sulaiman Nur Syazwani, Ahmad
author_sort	Tengku Intan Nabilah, Tenku Sulaiman
title	Factors that Influence Corporate Governance Failures in Malaysia
title_short	Factors that Influence Corporate Governance Failures in Malaysia
title_full	Factors that Influence Corporate Governance Failures in Malaysia
title_fullStr	Factors that Influence Corporate Governance Failures in Malaysia
title_full_unstemmed	Factors that Influence Corporate Governance Failures in Malaysia
title_sort	factors that influence corporate governance failures in malaysia
publisher	Universiti Malaysia Pahang
publishDate	2017
url	http://umpir.ump.edu.my/id/eprint/17607/ http://umpir.ump.edu.my/id/eprint/17607/ http://umpir.ump.edu.my/id/eprint/17607/1/5.%20Factors%20that%20influence%20corporate%20governance%20failures%20in%20malaysia.pdf
first_indexed	2023-09-18T22:24:25Z
last_indexed	2023-09-18T22:24:25Z
_version_	1777415870641864704

Factors that Influence Corporate Governance Failures in Malaysia

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