Proposing a Solution to the Issues of Acquiring Transparent Information on Corporate Governance Practices in Malaysia

Corporate governance in Malaysia has been a relatively new topic with only having established its first code in the year 2000. Efforts were made to improvise the local corporate governance code in 2007 & 2012. However, greater efforts are needed so that the interests of the shareholders are well...

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Bibliographic Details
Published in:Global business and management research 2015-04, Vol.7 (2), p.102
Main Authors: Nasir, Taha, Johl, Satirenjit Kaur, Ahmad, Rohiza
Format: Article
Language:English
Subjects:
Accountability
Annual reports
Corporate governance
Information management
Information systems
Institutional investments
Principles
Shareholder relations
Shareholder voting
Stockholders
Studies
Systems design
Transparency
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Summary:Corporate governance in Malaysia has been a relatively new topic with only having established its first code in the year 2000. Efforts were made to improvise the local corporate governance code in 2007 & 2012. However, greater efforts are needed so that the interests of the shareholders are well protected and hence are able to make better investment decisions. Looking towards the western countries and the neighbouring countries, corporate governance has been a vigorously practiced phenomenon and companies have to be very transparent about their operations, especially the on-goings of the Board. Organisations were established to provide data and information to the general public about the above and their efforts of measuring governance practice of corporations has been welcomed by the majority of investors. However, when looking into the Malaysian context, there are hardly any organizations that follow a similar duty. Information can only be found in annual reports and Bursa Malaysia, which, apart from experts, is useless to the naïve investor. This paper discusses a concept to bring about a solution to this issue and adapts, to a certain extent, the better ideas realised in the west and improvise and fit them into the local scenario. The solution shall provide information and detailed analysis of corporations in Malaysia and their corporate governance practices. To achieve this, previous systems and tools shall be analyzed in a broad perspective to conceptualize the main framework of the solution.
ISSN:1947-5667
1947-5667