Critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud
This paper examined the characteristics of board of directors that are effective in mitigating corporate frauds by critically reviewing findings from previous and recent studies. The board of directors’ roles are first assessed in order to investigate their statutory duties and responsibilities, whi...
| Main Authors: | , |
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| Format: | Article |
| Published: |
Research and Scientific Innovation Society
2023
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| Online Access: | http://psasir.upm.edu.my/id/eprint/100838/ |
| _version_ | 1848863427725885440 |
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| author | Mohd Uzir, Abdul Azim Mohd Saat, Nur Ashikin |
| author_facet | Mohd Uzir, Abdul Azim Mohd Saat, Nur Ashikin |
| author_sort | Mohd Uzir, Abdul Azim |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper examined the characteristics of board of directors that are effective in mitigating corporate frauds by critically reviewing findings from previous and recent studies. The board of directors’ roles are first assessed in order to investigate their statutory duties and responsibilities, which will influence their governing actions to implement and enforce monitoring and disciplining measures to prevent misconduct and malpractice. The gender diversity of board members, corporate experience, independence, and frequency of board meetings are key board authorities, reputation, and influence in controlling fraudulent conduct in organisations. The establishment of specific law enforcement authorities and laws, specifically the Anti-Corruption Commission, the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities, the Penal Code, and the Companies Act, are critical components in ensuring that fraudulent activities are prevented. |
| first_indexed | 2025-11-15T13:32:45Z |
| format | Article |
| id | upm-100838 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-15T13:32:45Z |
| publishDate | 2023 |
| publisher | Research and Scientific Innovation Society |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1008382023-08-22T03:47:36Z http://psasir.upm.edu.my/id/eprint/100838/ Critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud Mohd Uzir, Abdul Azim Mohd Saat, Nur Ashikin This paper examined the characteristics of board of directors that are effective in mitigating corporate frauds by critically reviewing findings from previous and recent studies. The board of directors’ roles are first assessed in order to investigate their statutory duties and responsibilities, which will influence their governing actions to implement and enforce monitoring and disciplining measures to prevent misconduct and malpractice. The gender diversity of board members, corporate experience, independence, and frequency of board meetings are key board authorities, reputation, and influence in controlling fraudulent conduct in organisations. The establishment of specific law enforcement authorities and laws, specifically the Anti-Corruption Commission, the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities, the Penal Code, and the Companies Act, are critical components in ensuring that fraudulent activities are prevented. Research and Scientific Innovation Society 2023-01 Article PeerReviewed Mohd Uzir, Abdul Azim and Mohd Saat, Nur Ashikin (2023) Critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud. International Journal of Research and Scientific Innovation (IJRSI), 10 (1). ISSN 2321-2705 https://www.rsisinternational.org/virtual-library/papers/critical-insights-into-the-attributes-of-an-effective-board-of-directors-as-a-deterrent-to-corporate-fraud/ 10.51244/IJRSI |
| spellingShingle | Mohd Uzir, Abdul Azim Mohd Saat, Nur Ashikin Critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud |
| title | Critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud |
| title_full | Critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud |
| title_fullStr | Critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud |
| title_full_unstemmed | Critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud |
| title_short | Critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud |
| title_sort | critical insights into the attributes of an effective board of directors as a deterrent to corporate fraud |
| url | http://psasir.upm.edu.my/id/eprint/100838/ http://psasir.upm.edu.my/id/eprint/100838/ http://psasir.upm.edu.my/id/eprint/100838/ |