Integration of ethics in Malaysian corporate governance practices / Zaleha Othman

Corporate governance systems are developed to manage business affairs with the aim of enhancing shareholder wealth and corporate accountability. However, despite the many efforts made, corporate governance flaws ( i.e corporate scandals) keep emerging, making this phenomenon a major governance issue...

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Main Author:	Othman, Zaleha
Format:	Thesis
Language:	English
Published:	2011
Subjects:	Corporate organization Corporate governance
Online Access:	https://ir.uitm.edu.my/id/eprint/7824/1/TP_ZALEHA%20OTHMAN%20AC%2011_5%201.pdf
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id	my-uitm-ir.7824
record_format	uketd_dc
spelling	my-uitm-ir.78242022-04-06T03:47:18Z Integration of ethics in Malaysian corporate governance practices / Zaleha Othman 2011-08 Othman, Zaleha Corporate organization. Corporate governance Corporate governance systems are developed to manage business affairs with the aim of enhancing shareholder wealth and corporate accountability. However, despite the many efforts made, corporate governance flaws ( i.e corporate scandals) keep emerging, making this phenomenon a major governance issue. Various opinions have been articulated in response to this and ethics have been strongly recommended as a factor to solve the corporate governance issue. Motivated by the above, this research examines the possibility of integrating ethics into corporate governance practices. The research develops conceptual foundation around the dimension of social contract theory. Associated with the subjective nature of the research, the research employed social constructionist ontology, and the process involved a qualitative approach (i.e enquiry). Interpretive analysis techniques are employed to support the qualitative approach. The qualitative approach provides rich description in exploring the subjects' minds i.e. prominent corporate governance experts, and corporations which are known for their good corporate governance reputation. Based on the interpretive analysis conducted, the research findings answered the research questions. Social constructed views of respondents indicate understanding of corporate governance as a social process requiring pluralistic governance in which, support from the social dimension i.e ethics, is crucial. Support from ethics includes practice of several key ethics contents (such as organizational ethics structure, ethical management, ethical leadership and ethical culture). Emergence of the key ethics contents articulates the process of ethics integration into corporate governance practices. However, the respondents perceived that integration of ethics is still in its infancy. This is due to the influence of combinations of forces. Positive forces such as financial pressure, business pressure and external pressure influence integration of ethics. Negative forces such as internal governance matters, power, political influence, economic desire and lack of knowledge deter the corporations from considering integrating ethics into their corporate governance practices. This research provides several contributions; introducing moral aspects from governance by behavioural theory is used to understand governance phenomena, application of non positivist methodological aspects in accounting research, so that issues are answered through the social constructionist ontology and contribute to literature by providing a model of the ethics process for enhancing governance practices. Overall, this research offer a new perspective on the corporate governance concept, as it represents a pluralism in governance approach. Due to several limitation faced in undertaking this research, it is suggested that future research examines in - depth case studies. Additional empirical work such as investigating relationship between the variables is also recommended. 2011-08 Thesis https://ir.uitm.edu.my/id/eprint/7824/ https://ir.uitm.edu.my/id/eprint/7824/1/TP_ZALEHA%20OTHMAN%20AC%2011_5%201.pdf text en public phd doctoral Universiti Teknologi MARA Faculty of Accountancy Abdul Rahman, Rashidah (Prof.) Lovell, Alan (Prof.)
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Abdul Rahman, Rashidah (Prof.) Lovell, Alan (Prof.)
topic	Corporate organization Corporate governance
spellingShingle	Corporate organization Corporate governance Othman, Zaleha Integration of ethics in Malaysian corporate governance practices / Zaleha Othman
description	Corporate governance systems are developed to manage business affairs with the aim of enhancing shareholder wealth and corporate accountability. However, despite the many efforts made, corporate governance flaws ( i.e corporate scandals) keep emerging, making this phenomenon a major governance issue. Various opinions have been articulated in response to this and ethics have been strongly recommended as a factor to solve the corporate governance issue. Motivated by the above, this research examines the possibility of integrating ethics into corporate governance practices. The research develops conceptual foundation around the dimension of social contract theory. Associated with the subjective nature of the research, the research employed social constructionist ontology, and the process involved a qualitative approach (i.e enquiry). Interpretive analysis techniques are employed to support the qualitative approach. The qualitative approach provides rich description in exploring the subjects' minds i.e. prominent corporate governance experts, and corporations which are known for their good corporate governance reputation. Based on the interpretive analysis conducted, the research findings answered the research questions. Social constructed views of respondents indicate understanding of corporate governance as a social process requiring pluralistic governance in which, support from the social dimension i.e ethics, is crucial. Support from ethics includes practice of several key ethics contents (such as organizational ethics structure, ethical management, ethical leadership and ethical culture). Emergence of the key ethics contents articulates the process of ethics integration into corporate governance practices. However, the respondents perceived that integration of ethics is still in its infancy. This is due to the influence of combinations of forces. Positive forces such as financial pressure, business pressure and external pressure influence integration of ethics. Negative forces such as internal governance matters, power, political influence, economic desire and lack of knowledge deter the corporations from considering integrating ethics into their corporate governance practices. This research provides several contributions; introducing moral aspects from governance by behavioural theory is used to understand governance phenomena, application of non positivist methodological aspects in accounting research, so that issues are answered through the social constructionist ontology and contribute to literature by providing a model of the ethics process for enhancing governance practices. Overall, this research offer a new perspective on the corporate governance concept, as it represents a pluralism in governance approach. Due to several limitation faced in undertaking this research, it is suggested that future research examines in - depth case studies. Additional empirical work such as investigating relationship between the variables is also recommended.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Othman, Zaleha
author_facet	Othman, Zaleha
author_sort	Othman, Zaleha
title	Integration of ethics in Malaysian corporate governance practices / Zaleha Othman
title_short	Integration of ethics in Malaysian corporate governance practices / Zaleha Othman
title_full	Integration of ethics in Malaysian corporate governance practices / Zaleha Othman
title_fullStr	Integration of ethics in Malaysian corporate governance practices / Zaleha Othman
title_full_unstemmed	Integration of ethics in Malaysian corporate governance practices / Zaleha Othman
title_sort	integration of ethics in malaysian corporate governance practices / zaleha othman
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Accountancy
publishDate	2011
url	https://ir.uitm.edu.my/id/eprint/7824/1/TP_ZALEHA%20OTHMAN%20AC%2011_5%201.pdf
_version_	1783733144110759936

Integration of ethics in Malaysian corporate governance practices / Zaleha Othman

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