Naif S, Algoere Turki and Mohd Ali, Hasani (2019) Corporate governance developments in the Saudi Arabia and Malaysia. UUM Journal of Legal Studies (UUMJLS), 10 (01). pp. 185-214. ISSN 2229-984X

PDF - Published Version Restricted to Registered users only Download (2MB) | Request a copy

Abstract

In the past few years, there has been an increasing concern over the discrepancy of standards of the corporate governance amongst the developed and the developing countries since they affect their competitive advantages economically. In 2017, Saudi Arabia and Malaysia have amended their codes on corporate governance, in order to promote ethical behaviour, transparency, accountability and investor stewardship. In this paper, the researchers analyse the important features of these new codes of Saudi Arabia and Malaysia. They use a comparative approach to identify the advantages and limitations and also to determine areas for improvement. This paper finds that several transformations were already taking place in both jurisdictions. However, there are many areas that require continuous development, especially those related to the independence of the board, gender diversity problems, and impartiality in the decision making process. The researchers suggest that many recommendations regarding the manner in which the two countries can address the loopholes and thereafter, improve their corporate governance codes in order to be on a par with international standards.

Item Type:	Article
Uncontrolled Keywords:	Corporate governance, Investments, Directors’ duties, Gender issues
Subjects:	K Law > K Law (General)
Divisions:	College of Law, Government and International Studies
Depositing User:	Mrs Nurin Jazlina Hamid
Date Deposited:	15 Sep 2022 01:19
Last Modified:	15 Sep 2022 01:19
URI:	https://repo.uum.edu.my/id/eprint/28871

Actions (login required)

View Item