Corporate Governance Reforms in Malaysia: the key leading players' perspectives
P. Liew. Corporate Governance: An International Review, 15 (5):
724--740(2007)Department of Accounting, Finance and Management, University of Essex, Wivenhoe Park, Colchester CO4 3SQ, UK. Tel: +44 (0)1206 873844; Fax: +44 (0)1206 873429; E-mail: pliew@essex.ac.uk.
Abstract
This paper focuses on the corporate governance reforms in Malaysia since the 1997/1998 Asian financial crisis. Drawing upon ten in-depth semi-structured interviews conducted with leading players who were highly involved in Malaysia's corporate governance development, together with a review of the literature in this area, the paper offers evidence on the meaning of corporate governance in the Malaysian context, the factors behind the recent reforms and views on the appropriate corporate governance system for Malaysia. While it is shown that Malaysia's corporate governance reforms has modelled on the Anglo-American systems to a large extent, the majority of the interviewees placed greater emphasis on the social aspect of corporate governance in contrast to the traditional notion of shareholder accountability. The main concern raised in the paper is that without changes in the previous problematic corporate culture, the intended purpose of the recent corporate governance reforms will unlikely to be achieved.
Department of Accounting, Finance and Management, University of Essex, Wivenhoe Park, Colchester CO4 3SQ, UK. Tel: +44 (0)1206 873844; Fax: +44 (0)1206 873429; E-mail: pliew@essex.ac.uk
%0 Journal Article
%1 Liew2007cgr
%A Liew, Pik Kun
%D 2007
%I Blackwell Synergy
%J Corporate Governance: An International Review
%K corporate_governance globalization international
%N 5
%P 724--740
%T Corporate Governance Reforms in Malaysia: the key leading players' perspectives
%V 15
%X This paper focuses on the corporate governance reforms in Malaysia since the 1997/1998 Asian financial crisis. Drawing upon ten in-depth semi-structured interviews conducted with leading players who were highly involved in Malaysia's corporate governance development, together with a review of the literature in this area, the paper offers evidence on the meaning of corporate governance in the Malaysian context, the factors behind the recent reforms and views on the appropriate corporate governance system for Malaysia. While it is shown that Malaysia's corporate governance reforms has modelled on the Anglo-American systems to a large extent, the majority of the interviewees placed greater emphasis on the social aspect of corporate governance in contrast to the traditional notion of shareholder accountability. The main concern raised in the paper is that without changes in the previous problematic corporate culture, the intended purpose of the recent corporate governance reforms will unlikely to be achieved.
@article{Liew2007cgr,
abstract = {This paper focuses on the corporate governance reforms in Malaysia since the 1997/1998 Asian financial crisis. Drawing upon ten in-depth semi-structured interviews conducted with leading players who were highly involved in Malaysia's corporate governance development, together with a review of the literature in this area, the paper offers evidence on the meaning of corporate governance in the Malaysian context, the factors behind the recent reforms and views on the appropriate corporate governance system for Malaysia. While it is shown that Malaysia's corporate governance reforms has modelled on the Anglo-American systems to a large extent, the majority of the interviewees placed greater emphasis on the social aspect of corporate governance in contrast to the traditional notion of shareholder accountability. The main concern raised in the paper is that without changes in the previous problematic corporate culture, the intended purpose of the recent corporate governance reforms will unlikely to be achieved.
},
added-at = {2008-03-30T07:24:28.000+0200},
author = {Liew, Pik Kun},
biburl = {https://www.bibsonomy.org/bibtex/242a4511c6b45436600302dfac988cc68/acf},
interhash = {e423020467bc789f8999a58e23ceecb1},
intrahash = {42a4511c6b45436600302dfac988cc68},
journal = {Corporate Governance: An International Review},
keywords = {corporate_governance globalization international},
note = {Department of Accounting, Finance and Management, University of Essex, Wivenhoe Park, Colchester CO4 3SQ, UK. Tel: +44 (0)1206 873844; Fax: +44 (0)1206 873429; E-mail: pliew@essex.ac.uk},
number = 5,
pages = {724--740},
publisher = {Blackwell Synergy},
timestamp = {2008-03-30T07:24:28.000+0200},
title = {{Corporate Governance Reforms in Malaysia: the key leading players' perspectives}},
volume = 15,
year = 2007
}