Corporate Governance in the Asia Pacific

2016 ◽  
pp. 143-144 ◽  
Keyword(s):  
Corporate Governance ◽  
Asia Pacific

Corporate governance and no fraud occurrence in organizations

2011 ◽  
Vol 26 (6) ◽  
pp. 501-518 ◽  
Author(s):  
Philip Law
Keyword(s):  
Corporate Governance ◽  
Hong Kong ◽  
Audit Committee ◽  
Internal Audit ◽  
Organizational Factors ◽  
Influential Factor ◽  
Asia Pacific ◽  
Chief Financial Officers ◽  
Content Type ◽  
Tone At The Top

PurposeThe purpose of this study is to examine empirically the organizational factors that are associated with the absence of fraud.Design/methodology/approachFactor analysis using principal component extraction was first employed. Logistic regression was then performed to analyze the survey responses of 253 chief financial officers (CFOs) in Hong Kong. A total of 20 semi‐structured interviews were also carried out with CFOs to supplement the research results.FindingsThe results indicate that audit committee effectiveness, internal audit effectiveness, the tone at the top managerial level, and ethical guidelines and policies are positively associated with a lack of fraud within organizations. Neither auditors' prior success in fraud detection nor the type of auditor employed is an influential factor in the absence of fraud. These results are interesting and counter those of earlier studies conducted in the USA. Also contradicting prior research, the receipt of unqualified audit reports was not found to be significant in this study.Practical implicationsThe lack of significance for certain variables, and the counterintuitive nature of some of the results offers opportunities for further research. The results provide auditors with practical insights that will prove useful in the course of their work.Originality/valueThis is the first empirical study of its nature to be conducted in Hong Kong, and its results will make an important contribution to the corporate governance and auditing literature, particularly that focused on the Asia‐Pacific region. These results also have important implications for the accounting profession and for the corporate governance process within organizations.

scholarly journals MULTINATIONAL CORPORATE RELATIONS IN JAPANESE COMPANY TOYOTA WITH OVERLOOK ON COOPERATION WITH PHILIPPINES

Bastina ◽  
2020 ◽  
Vol 31 (53) ◽  
Author(s):  
Milica D. Jotov
Keyword(s):  
Corporate Governance ◽  
The Philippines ◽  
Production Model ◽  
Asia Pacific ◽  
Asia Pacific Region ◽  
Japanese Company ◽  
Global Context ◽  
Doing Business ◽  
The World ◽  
Business Philosophy

This paper aims to consider the issue of the special management and production model developed at Toyota, and its contribution to the development of other economies in the world, with special reference to production in the Philippines. Japan was the first country in Asia to embark on a path of modernization and as such, became a model for the surrounding countries. The Philippines is one of the countries in the Asia-Pacific region that followed the path of change and adopted the Kaizen philosophy. Japan has influenced more widely, globally, all companies in the world that strive to conduct this way of doing business in their own environment. Toyota's business philosophy and the application of kaizen as a new model of corporate governance has become synonymous with quality corporate governance around the world and has influenced the establishment of new laws in the field of economy, culture and society, in a global context.

scholarly journals Legal Obstacles in Shari’ah Corporate Governance of Islamic Financial Institutions in Malaysia

2011 ◽  
Vol 24 (2) ◽  
pp. 179-182 ◽  
Author(s):  
Aishath Muneeza Aishath Muneeza
Keyword(s):  
Corporate Governance ◽  
Financial Institutions ◽  
Significant Role ◽  
Asia Pacific ◽  
Business Research ◽  
Research Conference ◽  
Islamic Financial Institutions ◽  
King Abdulaziz University ◽  
The Law

This paper was sent to be published in the Journal of King Abdulaziz University for Islamic Economics. Also, it was presented in different title( ) in the Asia-Pacific Business Research Conference in Malysia, February 2011. The researchers highlighted the significant role of the Shari’ah corporate governance in the effectiveness and stability of Islamic financial Institutions in Malaysia. They outline the roles of corporate governance (in both conventional and Islamic corporations) through which it can be directed, administered and controlled. However, they argue that Shari’ah corporate governance has different perspective and methodology. The Shari’ah corporate governance primary is based on the tenets of Islam as the primary law and then on other positive laws, such as laws regulating the interest of the directors and the stakeholders. They described the structure of shari’ah corporate governance in Malaysia in order to emphasize and underscore some legal obstacles in the Shari’ah corporate governance and suggest some practical solutions to reform absence in the law.

scholarly journals PENERAPAN GOOD CORPORATE GOVERNANCE PADA PT. MNC INVESTAMA Tbk

2020 ◽  
Vol 1 (3) ◽  
pp. 272-286
Author(s):  
Yudi Nugroho
Keyword(s):  
Corporate Governance ◽  
Human Resources ◽  
Financial Management ◽  
Asia Pacific ◽  
Management Innovation ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Investment Companies ◽  
Good Corporate Governance

To become one of the leading investment companies in the Asia Pacific region through solid financial management, innovation, and competent human resources.” – Vision of PT. MNC Investama Tbk. Etika Bisnis dalam suatu perusahaan dapat membentuk nilai, norma dan perilaku karyawan serta pimpinan dalam membangun hubungan yang adil dan sehat dengan pelanggan/ mitra kerja, pemegang saham dan juga masyarakat. Apabila etika bisnis yang sehat merupakan sesuatu yang ingin dicapai oleh perusahaan, maka penerapan suatu prinsip Good Corporate Governanace dapat menjadi salah satu satu alat untuk mencapai etika bisnis yang baik tersebut. Penerapan Good Corporate Gobernance yang mengedepan etika dibandingkan dengan kepentingan pemilik (stakeholder dan shareholder) memang tidak mudah. Tapi ada manfaat dan tujuan yang dapat diperoleh oleh perusahaan, dimana bukan untuk tujuan yang bersifat jangka pendek tetapi bersifat jangka panjang demi keberlangsungan perusahaan. Penulisan ini bertujuan untuk mengetahui bagaimana penerapan Good Corporate Gobernance etika bisnis oleh PT. MNC Investama Tbk. Dalam berbisnis, perusahaan meyakini prinsip bisnis yang baik adalah bisnis yang dijalankan dengan beretika, dimana seluruh kegiatan bisnis harus dapat terkelola dengan baik dan sesuai kaidah-kaidah etika, sejalan dengan ea r, dan peraturan yang berlaku. Bagi Perusahaan penerapan Good Corporate Governanace dapat menjadi standar dan pedoman bagi Perusahaan, hal ini juga menjadi dasar PT. MNC Investama Tbk untuk turut menerapkan Good Corporate Governanace dalam melaksanakan setiap kegiatan operasionalnya dengan dilandasi moral yang jujur, transparan, dan menjunjung profesionalitas.

scholarly journals Corporate governance in the airline industry - evidence from the Asia-Pacific region

2016 ◽  
Vol 13 (2) ◽  
pp. 329-335
Author(s):  
Frank Scrimgeour ◽  
Rikkie Stevenson ◽  
Geeta Duppati
Keyword(s):  
Corporate Governance ◽  
Airline Industry ◽  
Poor Performance ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
The Business Cycle ◽  
Four Levels ◽  
And Performance ◽  
Airline Performance

Globally airline performance has been variable with poor performance undermining the confidence of travelers, investors, Governments and other stakeholders. Airline corporate governance is a key determinant of airline performance. However, the relationships between governance and performance is complicated by the diversity of governance arrangements surrounding airlines. This study utilizes the four level model of Scrimgeour and Duppati (2014) to analyze the strengths and weaknesses of airline governance in the Asia Pacific region. Data from firm performance and firm behavior are analyzed for a 14-year period given governance and business choices occur at all stages of the business cycle and governance decisions have impact over multiple periods. Improving trust in the airline industry requires attention to all four levels of governance in a manner consistent with national and international business contexts

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