Corporate governance theories from unconventional perspective
Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global finan...
| Main Authors: | , , |
|---|---|
| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2013
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/30989/ http://irep.iium.edu.my/30989/1/Corporate_Governance_Theory_21_February_2013.docx http://irep.iium.edu.my/30989/3/Corporate_governance_theories_from_unconventional_perspective_Conference.pdf |
| _version_ | 1848780367146778624 |
|---|---|
| author | Htay, Sheila Nu Nu Salman, Syed Ahmed Mydin Meera, Ahamed Kameel |
| author_facet | Htay, Sheila Nu Nu Salman, Syed Ahmed Mydin Meera, Ahamed Kameel |
| author_sort | Htay, Sheila Nu Nu |
| building | IIUM Repository |
| collection | Online Access |
| description | Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious inadequacies in the effectiveness of corporate governance. Therefore, these governance failures motivate the researchers to revisit and evaluate corporate governance theories from the ethical point of view. The main aim of this study is to propose “The Universal Corporate Governance Theory” which is developed based on the ethical teachings of Christians, Judaism, Islam, Sikh, Hinduism and Buddhism. It is expected that this ethical based theory will be applicable and acceptable for all types of organizations at any space and time. It is also believed that if the top corporate players are molded by this proposed theory, it will bring the social and economic justice what we are dreaming to achieve.
|
| first_indexed | 2025-11-14T15:32:32Z |
| format | Proceeding Paper |
| id | iium-30989 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T15:32:32Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-309892020-11-02T01:11:46Z http://irep.iium.edu.my/30989/ Corporate governance theories from unconventional perspective Htay, Sheila Nu Nu Salman, Syed Ahmed Mydin Meera, Ahamed Kameel HG1501 Banking Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious inadequacies in the effectiveness of corporate governance. Therefore, these governance failures motivate the researchers to revisit and evaluate corporate governance theories from the ethical point of view. The main aim of this study is to propose “The Universal Corporate Governance Theory” which is developed based on the ethical teachings of Christians, Judaism, Islam, Sikh, Hinduism and Buddhism. It is expected that this ethical based theory will be applicable and acceptable for all types of organizations at any space and time. It is also believed that if the top corporate players are molded by this proposed theory, it will bring the social and economic justice what we are dreaming to achieve. 2013 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/30989/1/Corporate_Governance_Theory_21_February_2013.docx application/pdf en http://irep.iium.edu.my/30989/3/Corporate_governance_theories_from_unconventional_perspective_Conference.pdf Htay, Sheila Nu Nu and Salman, Syed Ahmed and Mydin Meera, Ahamed Kameel (2013) Corporate governance theories from unconventional perspective. In: Third Asia-Pacific Business Research Conference, 25-26 Feb 2013, Kuala Lumpur. (Unpublished) |
| spellingShingle | HG1501 Banking Htay, Sheila Nu Nu Salman, Syed Ahmed Mydin Meera, Ahamed Kameel Corporate governance theories from unconventional perspective |
| title | Corporate governance theories from unconventional perspective |
| title_full | Corporate governance theories from unconventional perspective |
| title_fullStr | Corporate governance theories from unconventional perspective |
| title_full_unstemmed | Corporate governance theories from unconventional perspective |
| title_short | Corporate governance theories from unconventional perspective |
| title_sort | corporate governance theories from unconventional perspective |
| topic | HG1501 Banking |
| url | http://irep.iium.edu.my/30989/ http://irep.iium.edu.my/30989/1/Corporate_Governance_Theory_21_February_2013.docx http://irep.iium.edu.my/30989/3/Corporate_governance_theories_from_unconventional_perspective_Conference.pdf |