The application of disclosure law, principles and requirements of corporate governance among public listed companies in Malaysia

Weakness in corporate governance and lack of disclosure are considered as causes of the Asian Economic Crisis in 1997-98. As a consequence, investors have demanded improvements in corporate governance practices as a guideline for companies to disclose accurate information. The Malaysian Code of Corp...

Full description

Saved in:

Bibliographic Details
Main Author:	Al Sweity, Rami Mohammad Abed Al Rasoul
Format:	Thesis
Language:	eng eng eng
Published:	2018
Subjects:	HD2709-2930.7 Corporations KPG1-6999 Malaysia
Online Access:	https://etd.uum.edu.my/8698/1/s94125_01.pdf https://etd.uum.edu.my/8698/2/s94125_02.pdf https://etd.uum.edu.my/8698/3/s94125_references.docx
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uum-etd.8698
record_format	uketd_dc
spelling	my-uum-etd.86982021-11-23T06:35:14Z The application of disclosure law, principles and requirements of corporate governance among public listed companies in Malaysia 2018 Al Sweity, Rami Mohammad Abed Al Rasoul Yeon, Asmah Laili Ghazali Shafie Graduate School of Government Ghazali Shafie Graduate School of Government HD2709-2930.7 Corporations KPG1-6999 Malaysia Weakness in corporate governance and lack of disclosure are considered as causes of the Asian Economic Crisis in 1997-98. As a consequence, investors have demanded improvements in corporate governance practices as a guideline for companies to disclose accurate information. The Malaysian Code of Corporate Governance has consistently been revised to illustrate the guidelines towards best practices on the processes being adopted by companies in their operations to achieve the best governance framework. As most of the principles in the Code are largely derived from developed countries, it is timely to explore whether the principles influence disclosure of listed companies. The aim of this study is to investigate the application of disclosure law, principles and requirements among public listed companies in Malaysia. Qualitative data were collected from companies’ annual reports (representing 30% of 742 companies) from the period of 2012-2015, interviews, legislations and laws, etc. Analytical, comparative and content analysis approach were employed in analysing the law and policy, corporate governance principles and best practice of disclosure requirements among public listed companies. The findings of this study are as follows: firstly, the current laws in Malaysia are sufficient to govern corporate disclosure, but they are dispersed in more than one act/ laws or legislative system, some of which can be found in the Capital Market and Services Act 2007 and others in Companies Act 2016; secondly, public listed companies have applied the principles of the corporate governance; thirdly, the Public Listed Companies have partially reported the best practice of the companies in their annual report. The study recommends that the disclosure principles and laws should be made compulsory for every public listed company. Bursa Malaysia should also stipulate clear and full provisions that specify the disclosure of information through the companies’ annual reports and general corporate information to help investors to make good and timely decisions. 2018 Thesis https://etd.uum.edu.my/8698/ https://etd.uum.edu.my/8698/1/s94125_01.pdf text eng public https://etd.uum.edu.my/8698/2/s94125_02.pdf text eng public https://etd.uum.edu.my/8698/3/s94125_references.docx text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Yeon, Asmah Laili
topic	HD2709-2930.7 Corporations KPG1-6999 Malaysia
spellingShingle	HD2709-2930.7 Corporations KPG1-6999 Malaysia Al Sweity, Rami Mohammad Abed Al Rasoul The application of disclosure law, principles and requirements of corporate governance among public listed companies in Malaysia
description	Weakness in corporate governance and lack of disclosure are considered as causes of the Asian Economic Crisis in 1997-98. As a consequence, investors have demanded improvements in corporate governance practices as a guideline for companies to disclose accurate information. The Malaysian Code of Corporate Governance has consistently been revised to illustrate the guidelines towards best practices on the processes being adopted by companies in their operations to achieve the best governance framework. As most of the principles in the Code are largely derived from developed countries, it is timely to explore whether the principles influence disclosure of listed companies. The aim of this study is to investigate the application of disclosure law, principles and requirements among public listed companies in Malaysia. Qualitative data were collected from companies’ annual reports (representing 30% of 742 companies) from the period of 2012-2015, interviews, legislations and laws, etc. Analytical, comparative and content analysis approach were employed in analysing the law and policy, corporate governance principles and best practice of disclosure requirements among public listed companies. The findings of this study are as follows: firstly, the current laws in Malaysia are sufficient to govern corporate disclosure, but they are dispersed in more than one act/ laws or legislative system, some of which can be found in the Capital Market and Services Act 2007 and others in Companies Act 2016; secondly, public listed companies have applied the principles of the corporate governance; thirdly, the Public Listed Companies have partially reported the best practice of the companies in their annual report. The study recommends that the disclosure principles and laws should be made compulsory for every public listed company. Bursa Malaysia should also stipulate clear and full provisions that specify the disclosure of information through the companies’ annual reports and general corporate information to help investors to make good and timely decisions.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Al Sweity, Rami Mohammad Abed Al Rasoul
author_facet	Al Sweity, Rami Mohammad Abed Al Rasoul
author_sort	Al Sweity, Rami Mohammad Abed Al Rasoul
title	The application of disclosure law, principles and requirements of corporate governance among public listed companies in Malaysia
title_short	The application of disclosure law, principles and requirements of corporate governance among public listed companies in Malaysia
title_full	The application of disclosure law, principles and requirements of corporate governance among public listed companies in Malaysia
title_fullStr	The application of disclosure law, principles and requirements of corporate governance among public listed companies in Malaysia
title_full_unstemmed	The application of disclosure law, principles and requirements of corporate governance among public listed companies in Malaysia
title_sort	application of disclosure law, principles and requirements of corporate governance among public listed companies in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Ghazali Shafie Graduate School of Government
publishDate	2018
url	https://etd.uum.edu.my/8698/1/s94125_01.pdf https://etd.uum.edu.my/8698/2/s94125_02.pdf https://etd.uum.edu.my/8698/3/s94125_references.docx
_version_	1747828442062127104

The application of disclosure law, principles and requirements of corporate governance among public listed companies in Malaysia

Similar Items