6 research outputs found
Board Size and Corporate Performance in the Industrial Property Sector in Malaysia
This research investigates the relationship between the size of the board of directors and the financial performance of publicly listed industrial property firms in Malaysia. The study examines secondary data from annual reports, financial statements, and corporate governance disclosures, focusing on key financial performance indicators such as Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM). The study reveals significant correlations between board size and financial performance using correlation analysis and multiple regression. The findings provide valuable insights for regulators, investors, and business leaders, emphasizing the importance of refining corporate governance standards to ensure long-term financial success in Malaysia's industrial property sector
Empowering Whistleblowing Policy within Public Listed Companies: Current Practice in Malaysia
Whistleblowing is an act of disclosing any unethical or questionable act within an organization by disclosing them to individuals, the public or authorities that could influence the wrongdoing. It became an important part of the corporate governance process as such action would benefit society and the organization. With the increase in whistleblowing cases involving publicly listed companies (PLCs) by the mass media in Malaysia, there is a dearth of information on to what extent these PLCs manage whistleblowing matters. As a general practice, albeit not compulsory, many publicly listed companies disclose whistleblowing statements in their annual report. As this aspect of corporate governance for the employees is still unexplored, this study purports to explore the form of disclosure on whistleblowing policy by publicly listed companies in Malaysia for the financial year ending 2021. This study is a content analysis of 918 annual reports of companies listed in Malaysia. The findings reveal that most of the companies disclosed matters relating to whistleblowing policies in their Statement of Corporate Governance section, established whistleblowing policies, and mentioned the importance of whistleblowing activities within sections in their annual reports. This study focuses on companies’ annual reports. Future studies could be conducted to assess whistleblowing disclosure in other mediums such as the official websites of the companies. The study explored the aspect of corporate governance for the employee as practiced within publicly listed companies in Malaysia. The findings revealed the companies’ best practices for promoting transparency and accountability within organizations
Evaluating Audit Oversight Board’s Regulatory Impact: Analysis of Sanctions Imposed on Malaysian Audit Firms
This study analyzes the 12-year trend of cases involving auditor wrongdoing as disclosed on the Audit Oversight Board (AOB) Malaysia's website from 2012 to 2023. Utilizing content analysis, the research examines the nature, frequency, and severity of penalties or sanctions imposed on audit firms for various offenses. Findings indicate a dynamic pattern of regulatory actions, reflecting Malaysia's evolving landscape of audit quality and regulatory oversight. It was revealed that a total of 56 breaches of the Securities Commission Act 1993 involving 30 audit firms were reported and disclosed by the Audit Oversight Board over the period from 2012 to 2023. The findings revealed that most misconduct cases relate to the failure of audit firms to comply with the requirements of International Auditing Standards, International Standard on Quality Control and Malaysian Institute of Accountant By-Laws. There has been a notable decrease in cases involving auditors over the past six years. This could also indicate the dedication of the AOB to monitoring auditors' conduct to prevent their involvement in malpractice. This study contributes to the understanding of audit regulation effectiveness and the behavioral patterns of auditors in response to regulatory scrutiny
Corporate social disclosure: an analysis of the employee disclosure and their relation to the industrial law cases in Malaysia from year 2004 to 2008 / Rafizan Abdul Razak, Zaleha Mahat and Nor Aishah Mohd Ali
Most of the corporate social disclosures research conducted on the employees issue in Malaysia are confined to the nature, quality and quantity of disclosure in the companies' annual reports; however, none has been noted to have been discussing the relationship between the employee disclosure and the Industrial Law cases in Malaysia. Thus, by using content analysis method, this study analysed the annual reports of two sector listed in Bursa Malaysia (Industrial Product and Finance) for the purpose to identify the trend of the employee disclosure in companies annual report from the year 2004 to 2008, the extent of those disclosures as well as to establish whether there is any association between the employee disclosure and the Industrial Law cases in Malaysia related to the disclosures. The results of the analysis reveal that there is an increasing trend in terms of number of sentences disclosed on employee disclosure in the companies' annual reports. The most disclosed theme is the Pay and Benefits. This is not surprising as such item is a mandatory item to be included as part of company's Statement of Comprehensive Income as required by the Financial Reporting Standard (FRS) 119. In terms of the extent of the disclosure, most companies have at least disclosed some form of information on employees with most companies disclosing between 1 to 50 number of sentences for all employees sub-themes. The study has also established that there is no significant relationship between the employee disclosure and the Industrial Law cases in Malaysia except for disclosures on 'Duties on Employee subtheme which shows a significant positive relationship with number of Industrial Law cases reported which is related to this theme. Such situation may not be a desirable situation for companies and this finding is inconsistent with what has been postulated in legitimacy theory where when such disclosures are made, companies always seek to show their positive contribution to the society by legitimizing their activities in order to protect the corporation's self-interest
The Determinants of FTSE4 Good Bursa Malaysia
This study was conducted to identify the factors that influence the companies listed in Bursa Malaysia to be indexed as FTSE4Good Bursa Malaysia (F4GBM). The companies awarded as F4GBM are those with good sustainable practices. This study investigates the potential factors that explain the good sustainable practice (i.e. corporate size, financial performance, industry attachment and sharia-compliant). Analysis reveals that only corporate size which proxy by market capitalization has significant relationship with good sustainable practice