| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 10 |
NO. 1 |
PAPER 4 |
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A PEDAGOGICAL STUDY ON EFFECTIVENESS OF CORPORATE GOVERNANCE
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| Ramaiyer Subramanian* and Jayalakshmy Ramachandran**
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| * Lecturer, Faculty of Business, Multimedia University, Malaysia |
| ** Assistant Professor, Nottingham University Business School, Seminyih, Malaysia. |
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| Despite the fact that regulators and professional bodies are calling upon the companies to practice good governance, the issues related to governance seem unresolved. The regulators are consistently persuading the practice of “good governance” by providing written criteria on practices required by companies to be appreciated as possessing “good governance”. Theories pertaining to governance have undergone numerous changes over the last decade. Nevertheless the impact of such governance promulgation on prevention of fraud is yet to become evident. In this study, we test the statement that the current corporate governance practices may not be adequate unless qualitative factors such as organizational values, cultures, human governance and other internal qualitative factors are given effect to. In order to emphasize this point, Researchers used the case of three companies - a Hong Kong listed company, an unlisted company in Hong Kong and a financial institution listed in the New York Stock Exchange. |
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