Contemporary corporate governance issues in Australian banking environment

Corporate governance issues become getting attention from the regulators, industrial players and investors due to the financial crises and recent corporate failures. Australia is ranked in the fourth position in terms of having good corporate governance practices after United Kingdom, United States...

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Main Authors: Htay, Sheila Nu Nu, Syed, Ahmed Salman
Format: Article
Language:English
Published: Choice College of Arts & Commerce, Pune. 2013
Subjects:
Online Access:http://irep.iium.edu.my/30960/
http://irep.iium.edu.my/30960/1/CG_IN_AUSTRALIA.pdf
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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 issues become getting attention from the regulators, industrial players and investors due to the financial crises and recent corporate failures. Australia is ranked in the fourth position in terms of having good corporate governance practices after United Kingdom, United States of America and Canada. In Asia, Australia is one of the leading countries which are having good corporate governance codes and practices. However, it does not mean that it has the perfect governance system and thus, the objective of this study is to examine the contemporary corporate governance issues and problems in Australian Banking sector. This paper is written based on the critical review of the literature. This paper raises the corporate governance issues in Australian banking sector related to the regulatory environment, competitive nature of banking industry, profit maximization driven mood, agency conflicts, behavior and culture. It is expected that the issues raised in this paper will open the eyes of the Australian regulators, bankers and researchers for the betterment of corporate governance practices in the future.
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spelling iium-309602014-05-13T12:49:14Z http://irep.iium.edu.my/30960/ Contemporary corporate governance issues in Australian banking environment Htay, Sheila Nu Nu Syed, Ahmed Salman HG1501 Banking Corporate governance issues become getting attention from the regulators, industrial players and investors due to the financial crises and recent corporate failures. Australia is ranked in the fourth position in terms of having good corporate governance practices after United Kingdom, United States of America and Canada. In Asia, Australia is one of the leading countries which are having good corporate governance codes and practices. However, it does not mean that it has the perfect governance system and thus, the objective of this study is to examine the contemporary corporate governance issues and problems in Australian Banking sector. This paper is written based on the critical review of the literature. This paper raises the corporate governance issues in Australian banking sector related to the regulatory environment, competitive nature of banking industry, profit maximization driven mood, agency conflicts, behavior and culture. It is expected that the issues raised in this paper will open the eyes of the Australian regulators, bankers and researchers for the betterment of corporate governance practices in the future. Choice College of Arts & Commerce, Pune. 2013-03 Article PeerReviewed application/pdf en http://irep.iium.edu.my/30960/1/CG_IN_AUSTRALIA.pdf Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Contemporary corporate governance issues in Australian banking environment. International Journal of Business, Management & Social Sciences, 2 (7). pp. 13-16. ISSN 2249 - 7463
spellingShingle HG1501 Banking
Htay, Sheila Nu Nu
Syed, Ahmed Salman
Contemporary corporate governance issues in Australian banking environment
title Contemporary corporate governance issues in Australian banking environment
title_full Contemporary corporate governance issues in Australian banking environment
title_fullStr Contemporary corporate governance issues in Australian banking environment
title_full_unstemmed Contemporary corporate governance issues in Australian banking environment
title_short Contemporary corporate governance issues in Australian banking environment
title_sort contemporary corporate governance issues in australian banking environment
topic HG1501 Banking
url http://irep.iium.edu.my/30960/
http://irep.iium.edu.my/30960/1/CG_IN_AUSTRALIA.pdf