scholarly journals Corporate governance in family run business – a Malaysian case study

2009 ◽  
Vol 6 (4) ◽  
pp. 135-147
Author(s):  
Cyril H. Ponnu ◽  
C.K. Lee ◽  
Geron Tan ◽  
T.H. Khor ◽  
Adelyn Leong
Keyword(s):  
Corporate Governance ◽  
Minority Shareholders ◽  
Chinese Families ◽  
Managerial Entrenchment ◽  
External Auditors ◽  
Ethnic Chinese ◽  
Before And After ◽  
Transparency And Disclosure ◽  
And Control

This paper addresses the debate on family run business and corporate governance before and after the Asian Financial Crisis in 1997. As there are only few studies on the corporate governance of family businesses in Malaysia, this paper aims to provide a broad view of the corporate governance practises of family run companies in Malaysia. The majority of family-run companies in Malaysia are operated by ethnic Chinese families in Malaysia. To understand the practices of corporate governance in these companies, this study selected 3 of the top 10 family run companies by market capitalization in Malaysia. This paper discusses the issues and problems related to family run businesses in the light of the separation of ownership and control, lack of board independence and protection of minority shareholders, lack of independence of external auditors, lack of transparency and disclosure as well as managerial entrenchment.

Obesity management through Ayurveda - A Case Study

2017 ◽  
Vol 2 (4) ◽  
Author(s):  
Dheeraj Kumar Tyagi ◽  
Shivakumar .
Keyword(s):  
Clinical Findings ◽  
Dietary Habit ◽  
Unhealthy Lifestyle ◽  
Lifestyle Management ◽  
Before And After ◽  
Effect Of Treatment ◽  
And Control

Lifestyle disorders are one of the biggest threats for the population living unhealthy lifestyle. Sthoulya (Obesity) is one such disorder which creates lot of physical as well as mental disorder to the sufferer. Due to changing lifestyle, comforts and dietary habit lots of individuals changed their life totally. Obesity is a growing disease in developed and developing countries. Prevalence is drastically hike in past few years. Ayurveda, the science of life with which we can manage and control lots of lifestyle disorders. Focusing on dietary and lifestyle management along with treatment, we can overcome the hazards of obesity which is growing in a uncontrolled manner. The available data is based on the clinical findings only. Aim and objective: To assess the effect of “Guru Cha Atarpanam Chikitsa” in the management of Sthoulya. Setting: Swastharakshana evam Yoga, OPD and IPD, SDMCAH, Hassan. Method: Udwarthana, Parisheka, Shamana Aushadhis, Ahara, and Vihara was followed within the treatment duration and effect of treatment was assessed before and after treatment, advised for follow up. Results: The treatment adopted is effective in the management of Sthoulya and to improve the quality of life.

scholarly journals Analysis of Linkages between Environmental Policy Instruments and Innovation: A Case Study of End-of-Life Vehicles Technologies in Japan

2016 ◽  
Vol 9 (2) ◽  
pp. 181 ◽  
Author(s):  
Rajeev Kumar Singh ◽  
Helmut Yabar ◽  
Rie Murakami-Suzuki ◽  
Noriko Nozaki ◽  
Randeep Rakwal
Keyword(s):  
Environmental Policy ◽  
End Of Life ◽  
Environmental Regulations ◽  
Policy Instruments ◽  
Control Policy ◽  
Before And After ◽  
Exogenous Factors ◽  
And Control ◽  
The Impact

<p>Environmental policies are designed to deal with externalities either by internalizing environmental costs or imposing specific standards for environmental pollution. This study aims to examine the impact of environmental regulations related to End-of-Life Vehicles (ELV) on innovation in Japan. We determined whether there is any statistical difference in patent activity comparing the periods before and after the regulations were enacted. In order to control for exogenous factors such as business cycles, we also analyzed the ratios of ELV and total environmental patents during the same periods. Results showed that environmental regulations drive innovations and the number of ELV-related patents were larger even after controlling for such exogenous factors. We concluded that environmental policy for ELV in Japan was effective in inducing innovation. However, we also found that the weakness in these types of command and control policy is the lack of incentives for further innovation.</p>

Governance Practices and CEO Hubris

2021 ◽  
pp. 161-182
Author(s):  
Paola Ferretti ◽  
Cristina Gonnella
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Internal Control ◽  
Financial Distress ◽  
Good Governance ◽  
Power Dynamics ◽  
Control Mechanisms ◽  
Managerial Entrenchment ◽  
Governance Practices

This chapter analyzes the connection between CEO hubris and corporate governance contingencies, including a case study of an Italian bank for which the state of financial distress shall be linkable also to bad governance. The main objective is to verify whether, in presence of hubristic CEO, the internal control mechanisms, set to ensure the board vigilance and limit the overconfidence of the leader, are implemented, and if so, whether such mechanisms, even when formally respected, may be not so appropriate to guarantee a good governance. Particularly, the existence of a CEO hubris could neutralize their positive expected balancing effects on the power dynamics between CEO and board, such as to give prevalence to substance over form. Therefore, it may occur that some governance mechanisms (e.g., independence, non-duality), even if formally implemented, are unable to stem the managerial entrenchment of the CEO, who succeeds in enhancing immoderately his substantial power in the decision-making process.

scholarly journals A tale of lost chances. A short history of corporate governance and ownership in Italy

2009 ◽  
Vol 7 (1) ◽  
pp. 265-273 ◽  
Author(s):  
Andrea Colli
Keyword(s):  
Corporate Governance ◽  
Institutional Investors ◽  
Institutional Transformation ◽  
Anglo Saxon ◽  
Short History ◽  
Minority Shareholders ◽  
Historical Approach ◽  
Slow Pace ◽  
History Of ◽  
And Control

When the process of institutional transformation reached its peak at the end of the Nineties, many commentators (and politicians) said the Italian system of governance, ownership and control of large firms was on the verge of a (hopefully) quick process of convergence towards the Anglo-Saxon standards of transparency, protection of minority shareholders, diffused presence of institutional investors able to exert a monitoring role over the management and an increase in the efficiency of the whole system. Apart from these expectations, this process has been occuring at a very slow pace – and according to other observers, has not taken place at all. This article through a dynamic, historical approach reconstructs the process of evolution and change in the institutional framework, and explores the reasons of this limited convergence.

scholarly journals UMA ABORDAGEM DE JOGOS DE TABULEIRO NO ENSINO EM CIÊNCIAS CONTÁBEIS

2019 ◽  
Vol 12 (4) ◽  
pp. 398
Author(s):  
Sirlene Siqueira Alves ◽  
Armando Paulo da Silva ◽  
Eduardo Filgueiras Damasceno
Keyword(s):  
Teaching Method ◽  
Traditional Teaching ◽  
Course Content ◽  
Board Games ◽  
Significant Difference ◽  
Traditional Teaching Methods ◽  
Before And After ◽  
Teaching Learning ◽  
And Control

The accounting higher education has techniques of knowledge transfer for the professional formation of the academic, therefore, most of the teaching techniques are focused on the disclosure of the laws due to the financial movement of the organizations. Knowing this, much of the advancement in teaching is due to the transmission of the experience of the accounting professor and the student facing the labor market operations. There are other methods of teaching accounting such as lecture, case study, seminars, discussion and debate, however they are still focused on the transmission of experiences or the fictional representation of teaching. This article aims to highlight the use of board games in the Accounting Science course, the teaching based on game fiction, as a way of fixing the content in the teaching of cost accounting, compared to traditional teaching methods. To prove the hypothesis, a board game was created, focused on promoting student engagement and favored the transmission of course content. For research observation and control, questionnaires based research methods were used before and after the use of the game in specific classes of the Accounting Science course. The results were demonstrated through graphs for better visualization. Thus, it was possible to conclude that there was a significant difference in the results before and after the application of this teaching method. In addition, students interacted and became cooperatively involved, which proved the effectiveness of the method in motivating and engaging students in the teaching-learning process.

scholarly journals Mergers and acquisitions: A review of the literature

2006 ◽  
Vol 3 (3) ◽  
pp. 55-59 ◽  
Author(s):  
Raymond A. K. Cox
Keyword(s):  
Corporate Governance ◽  
Literature Review ◽  
Mergers And Acquisitions ◽  
Empirical Evidence ◽  
Operating Performance ◽  
Review Of The Literature ◽  
Before And After ◽  
And Control

This paper is a selected literature review of the theories and empirical evidence on mergers and acquisitions. Initially, the fundamental factors, and the underlying theories, causing mergers is explored. Subsequently, the empirical evidence is examined on: (1) the operating performance of the acquirers and the acquired firms before and after the merger, (2) stockholder wealth impact, (3) form of payment used to complete the acquisition, (4) conglomerate mergers, and (5) corporate governance affecting the firm’s ownership and control.

scholarly journals The Role of Legal Compliance and Good Corporate Governance on Reducing Audit Delay on Publicly Listed Companies in Indonesia

2019 ◽  
Vol 10 (3) ◽  
pp. 359
Author(s):  
Lailah Fujianti
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Audit Committee ◽  
Stock Exchange ◽  
Audit Report ◽  
Legal Compliance ◽  
Moderator Variable ◽  
External Auditors ◽  
Good Corporate Governance ◽  
Before And After

Audit Report Lag (ARL) the completion of the audit that the length of time is measured from the date of closing of the financial year until the issuance of the audit report signed by the auditor. Benefits of the financial statements will be reduced if the report is not available on time. This study examines the Good Corporate Governance (GCG) mecanism and eksternal auditor that affect ARL including the board of ditectors, independent board of ditectors, audit committee and the external auditors and regulatory pressures. This study sampled kompas 100 companies in Indonesia Stock Exchange, with a sample of 94. This study was measured by using a Moderated regression analysis. These results indicate that Partially, the board of directors, independent board of directors have a significant effect on ARL before and after uses moderating variabel legal pressure, and the audit committe, external auditors have not a significant effect on ARL. Regulatory pressures plays a role as a moderator variable in the relationship the ARL with the GCG.

scholarly journals Corporate Governance Policy Implementation Analysis using D. Wayne Taylor Theory. Case Study: Dental and Oral Hospital by Faculty of Dentistry Universitas Indonesia (RSKGM FKG UI) in 2019

2021 ◽  
Vol 6 (1) ◽  
Author(s):  
Yusnur Mauliana Dranie Putri ◽  
Masyitoh Masyitoh
Keyword(s):  
Corporate Governance ◽  
Policy Implementation ◽  
Decision Makers ◽  
Depth Interview ◽  
Collection Data ◽  
Implementation Analysis ◽  
And Control ◽  
Document Review

Corporate Governance is a term that is related to the direction and control of an organization, institution, or function, to fit the goals and expectations of decision makers. This research aims to conduct an analysis of corporate governance using D. Wayne Taylor’s theory by conducting a case study at the Dental and Oral Hospital by Faculty of Dentistry Universitas Indonesia (RSKGM FKG UI). The design of this research is qulitative analysis with methods of collection data through document review and in-depth interview. The results of the research are reflected in nine principles that are recognized by six incompatible principles, two principles that are appropriate, and one principle that cannot be seen in accordance with the requirements in RSKGM FKG UI that have not supported yet. Two principles that are appropriate are: the principle of the Board-CEO Relationship and the principle of the Ownership Needs.

scholarly journals MINORITY SHAREHOLDERS IN MALAYSIA: IS THEIR RIGHT PROTECTED?

2010 ◽  
Vol 9 (2) ◽  
Author(s):  
Suraiya Ishak ◽  
Ahmad Raflis Che Omar
Keyword(s):  
Corporate Governance ◽  
Banking Industry ◽  
Shareholder Activism ◽  
Minority Shareholder ◽  
Minority Shareholders ◽  
Rights Protection ◽  
The Right

Issues on corporate governance can be deliberate from various dimensions. This study explores the issue of governance related to the minority shareholders’ in Malaysia. The objective of this study is to describe the protection pertaining to the right of minority shareholders’ group through shareholder activism in Malaysia. This study employs a case study technique on two corporate cases selected from banking industry for the year 2008 and 2010. The observation emphasizes on shareholder activism initiated by the Minority Shareholder Watchdog Group (MSWG). It is summarizes that retail and dispersed shareholders in Malaysia are moving towards an improved level of rights’ protection due to shareholder activism. As far as the minority’s right is concern, further improvement is needed to strengthen current legislation framework despite the existence of shareholder activism by MSWG

scholarly journals Walmart and Guns: A Case Study in Modern Corporate Governance

2021 ◽  
Vol 2020 (3) ◽  
Author(s):  
Clare Curran
Keyword(s):  
Corporate Governance ◽  
Production Theory ◽  
Team Production ◽  
Shareholder Primacy ◽  
Decisionmaking Process ◽  
Stakeholder Interests ◽  
Mass Shooting ◽  
Business Roundtable ◽  
And Control

In August 2019, the Business Roundtable issued a new Statement on the Purpose of a Corporation. The statement, signed by 181 CEOs, including Doug McMillon of Walmart, declared that corporations should seek to serve the interests of all stakeholders—a marked departure from the Roundtable’s prior embrace of shareholder primacy. This shift in position reinvigorated debate among business and legal scholars about the proper purpose of a corporation. Using Walmart as a case study, this Note argues that corporations are indeed adopting a more flexible and responsive conception of corporate purpose. This Note begins with a discussion of corporate governance theories, detailing four distinct visions of corporate purpose and control. It then examines Walmart’s decisionmaking process regarding ammunition and firearm sales in the wake of a tragic mass shooting at one of its stores. Finally, it concludes by reconciling Walmart’s conduct with the prevailing theories of corporate governance, ultimately finding team production theory— which calls for the balancing stakeholder interests—to be most applicable.

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