Is time to implement a comprehensive corporate governance framework for banks in United Kingdom?
Corporate governance is part and parcel of banking business activities. The issue of governance can be traced back to the birth of the corporation and many corporate governance guidelines have been introduced to minimize the problems. Among the countries who have introduced corporate governance code...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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International Journals of Multidisciplinary Research Academy (IJMRA)
2013
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| Online Access: | http://irep.iium.edu.my/30952/ http://irep.iium.edu.my/30952/1/IJMRA-MIE3413.pdf |
| _version_ | 1848780361919627264 |
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| author | Htay, Sheila Nu Nu Syed, Ahmed Salman |
| author_facet | Htay, Sheila Nu Nu Syed, Ahmed Salman |
| author_sort | Htay, Sheila Nu Nu |
| building | IIUM Repository |
| collection | Online Access |
| description | Corporate governance is part and parcel of banking business activities. The issue of governance can be traced back to the birth of the corporation and many corporate governance guidelines have been introduced to minimize the problems. Among the countries who have introduced corporate governance codes, United Kingdom is the first and earliest country which introduces the corporate governance code and it subsequently improves the code. However, when the UK history of governance issues are examined, the existing code is not able to solve the contemporary governance problems. Among the issues, this paper highlights the existing code is not really comprehensive enough to cover the responsibility of board of directors towards the risk management, transparency of information, competency of directors and role of institutional ownership and reconciliation of stakeholders’ interests. Therefore, this paper suggests there is a need for a more comprehensive corporate governance code in UK. |
| first_indexed | 2025-11-14T15:32:27Z |
| format | Article |
| id | iium-30952 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T15:32:27Z |
| publishDate | 2013 |
| publisher | International Journals of Multidisciplinary Research Academy (IJMRA) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-309522013-07-25T01:33:14Z http://irep.iium.edu.my/30952/ Is time to implement a comprehensive corporate governance framework for banks in United Kingdom? Htay, Sheila Nu Nu Syed, Ahmed Salman HG1501 Banking Corporate governance is part and parcel of banking business activities. The issue of governance can be traced back to the birth of the corporation and many corporate governance guidelines have been introduced to minimize the problems. Among the countries who have introduced corporate governance codes, United Kingdom is the first and earliest country which introduces the corporate governance code and it subsequently improves the code. However, when the UK history of governance issues are examined, the existing code is not able to solve the contemporary governance problems. Among the issues, this paper highlights the existing code is not really comprehensive enough to cover the responsibility of board of directors towards the risk management, transparency of information, competency of directors and role of institutional ownership and reconciliation of stakeholders’ interests. Therefore, this paper suggests there is a need for a more comprehensive corporate governance code in UK. International Journals of Multidisciplinary Research Academy (IJMRA) 2013-06 Article PeerReviewed application/pdf en http://irep.iium.edu.my/30952/1/IJMRA-MIE3413.pdf Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Is time to implement a comprehensive corporate governance framework for banks in United Kingdom? International Journal of Management, IT and Engineering, 3 (6). pp. 538-550. ISSN 2249-0558 |
| spellingShingle | HG1501 Banking Htay, Sheila Nu Nu Syed, Ahmed Salman Is time to implement a comprehensive corporate governance framework for banks in United Kingdom? |
| title | Is time to implement a comprehensive corporate governance framework for banks in United Kingdom? |
| title_full | Is time to implement a comprehensive corporate governance framework for banks in United Kingdom? |
| title_fullStr | Is time to implement a comprehensive corporate governance framework for banks in United Kingdom? |
| title_full_unstemmed | Is time to implement a comprehensive corporate governance framework for banks in United Kingdom? |
| title_short | Is time to implement a comprehensive corporate governance framework for banks in United Kingdom? |
| title_sort | is time to implement a comprehensive corporate governance framework for banks in united kingdom? |
| topic | HG1501 Banking |
| url | http://irep.iium.edu.my/30952/ http://irep.iium.edu.my/30952/1/IJMRA-MIE3413.pdf |