Paper Corporate Governance in the GCC
In recent years increasing attention has been given to corporate governance. This issue is assuming growing importance in most of the countries around the world, in both developed and emerging economies (Millstein, 2003). The recent financial scandals that have been a feature of the Anglo-American business environment in the past decade and the resultant outcry for transparency and honesty in financial reporting have given rise to increasing pressure for action on corporate governance.
Further recent research has suggested that poor corporate governance is a leading factor in poor performance, manipulated financial reports and unhappy stakeholders (O’Regan et.al. 2005). The technology bubble in the late 1990s, the South East Asian crisis in 1997, and the recent scandals in many economies are partly due to inefficient governance systems (Kuafman, et al. 2000, Rahman, 1998).
Poor corporate governance has been cited as one of the main reason for the above crisis (e.g. Furman and Stiglitz, 1998; Becht et al. 2002). Corporate governance, as defined in OECD principles of corporate governance, “involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined”.
Download Contoh Makalah:
1. CG Practices…pdf
Source : IIUM International Accounting Conference III (INTAC III),Islam and Accounting : towards enhancing accountability, governance and performance,26-28 june, Pan Pacific Hotel, Kuala Lumpur, Malaysia
