scholarly journals The Senior Independent Director’s Evolving Role Across the Top 100 Malaysian PLCs: MCCG 2012 vs MCCG 2017

2020 ◽  
Vol 11 (2) ◽  
pp. 79
Author(s):  
Dayana Mastura Baharudin ◽  
Maran Marimuthu
Keyword(s):  
Corporate Governance ◽  
Annual Review ◽  
Board Effectiveness ◽  
Target List ◽  
Corporate Governance Code ◽  
Deviation Analysis ◽  
Comprehensive Examination ◽  
Board Leadership ◽  
Recent Developments ◽  
The Impact

Purpose - This research aims to investigate the impact of the two main problems of Senior Independent Director’s evolving role, which includes the aspects under board leadership and board effectiveness proposed under the Malaysian Corporate Governance Code (Code) in contrast between 2012 and 2017 towards firm financial performance.Design/ methodology approach - For this analysis, a target list of the top 100 PLCs based on market capitalization was gathered from 784 Malaysian PLCs as of 14 August 2020. In the annual review of corporate reports, this research involves mean and standard deviation, analysis of the correlation and analysis of the materials published within the annual reports.Originality - This report is a comprehensive examination of the recent developments in Corporate Governance research in comparison between the Code in 2012 and 2017, which is also applicable to other PLCs other than the top 100 Malaysian PLCs scoring indices designed for the Senior Independent Director – Board Effectiveness and Board Leadership.

scholarly journals Analysis of Pre and Post-MCCG 2017: Leadership Effectiveness Through the Board Nomination Committee of Top 50 Malaysian PLCs

2020 ◽  
Vol 11 (2) ◽  
pp. 43
Author(s):  
Dayana Mastura Baharudin ◽  
Maran Marimuthu
Keyword(s):  
Corporate Governance ◽  
Best Practices ◽  
Statistical Methods ◽  
Design Methodology ◽  
Annual Review ◽  
Target List ◽  
Corporate Governance Code ◽  
Recruitment Activities ◽  
The Right ◽  
The Impact

Purpose – This paper investigates the impact of the two main aspects on selecting the right Board candidate including best practices within the position and structure along with the recruitment activities proposed under the Malaysian Corporate Governance Code (Code) compared across 2012 and 2017.Design/ methodology approach - For this analysis, a target list of the top 50 PLCs based on market capitalization was gathered from 784 Malaysian PLCs as of 14 August 2020. In the annual review of the reports, this study includes statistical methods to quantify and interpret the disclosures.Originality - This study reviews the developments of the policies from the Code in 2012 to the Code in 2017. Also applicable to other PLCs other than the top 50 Malaysian PLCs would be the Board Nomination Committee – Role and Structure and the Board Nomination Committee – Recruitment Activities scoring indices designed.

scholarly journals Does Corporate Governance Influence the Firm Value in Bangladesh? A Panel Data Analysis

2021 ◽  
Vol 24 (2) ◽  
pp. 84-100
Author(s):  
Mohammed Nazim Uddin ◽  
Mosharrof Hosen ◽  
Shahnur Azad Chowdhury ◽  
Mustafa Manir Chowdhury ◽  
Manjurul Alam Mazumder
Keyword(s):  
Corporate Governance ◽  
Data Analysis ◽  
Panel Data ◽  
Firm Value ◽  
Panel Data Analysis ◽  
Small Scale ◽  
Board Structure ◽  
Corporate Governance Code ◽  
Regulatory Bodies ◽  
The Impact

Corporate governance has been widely debated for over a decade with the collapse of the financial and capital market under the prejudicial roles of regulatory bodies. Therefore, the study examined the impact of corporate governance on firm value in Bangladesh. A total of 63 DSE-listed companies from 2005 to 2019 consisting of 8,505 observations on an average of 15 years were chosen. The subsequent tests for the given data were conducted to identify the appropriate panel data analysis method for adjusted diagnostic problems. In the specific panel data, the Panel Corrected Standard Error (PCSE) was utilised following the application of the random effects method to control econometric limitations. It was revealed that corporate governance lowered firm value when the board structure was familially and politically affiliated and led by CEO-duality. Moreover, the inclusion of dynamic professionals and independent members in the board structure increased the firm value. The use of the corporate governance code was proven to be highly challenging due to the participation of political and family leaders in corporate firms. Additionally, proper law enforcement was required to ensure transparency and accountability, thus reflecting firm value. As previous studies on corporate governance were conducted on a small scale and partial to the context of developing countries, this paper contributes a novel value in identifying and resolving the corporate governance crisis by reforming the board structure with diverse and professional directors. The regulatory bodies require improvement by including autonomous professional and independent members to exercise the corporate governance code.

The methodology to assess the impact of corporate governance on the enterprise value

2021 ◽  
Vol 27 (9) ◽  
pp. 2008-2032
Author(s):  
Ol'ga D. KOSORUKOVA
Keyword(s):  
Corporate Governance ◽  
Business Value ◽  
Public Companies ◽  
Business Valuation ◽  
Corporate Managers ◽  
Enterprise Value ◽  
Corporate Governance Code ◽  
Pricing Factors ◽  
Legal Forms ◽  
The Impact

Subject. The article investigates pricing factors that determine the enterprise value with respect to the effect of corporate governance factors. Objectives. I analyze the impact of corporate governance factors on the enterprise value and build a technique for assessing the effect of corporate governance on the business valuation of the Russian public companies. Methods. The study relies upon the synthesis, deduction, induction, methods of statistical analysis, comparison and generalization. Results. I devised the method, which comprises five steps considering the effect of corporate governance factors on the enterprise value. Following the steps of the method, the specifics of the valuation subject is analyzed in terms of business and legal forms, the use of modern Russian corporate governance principles, the composition and the number of shareholders, industry the entity operates in, and fundamental metrics of the enterprise value. Conclusions and Relevance. Currently, there is few information in the literature about the impact of corporate governance principles set forth in the 2014 Corporate Governance Code, on business value. The article presents the method for assessing the impact of corporate governance on the business valuation, which accounts for the specifics of business and legal forms in terms of corporate governance principles, capital structure, the number of shareholders, the State’s involvement, industry, and fundamental metrics of business valuation. The proposed method can be used by financial analysts, appraisers, corporate managers so as to build and manage the enterprise value.

scholarly journals The Impact of the UK Corporate Governance Code 2010 on Earnings Management around Mergers and Acquisitions

2016 ◽  
Vol 8 (2) ◽  
pp. 1
Author(s):  
Michael Yipake Banseh ◽  
Ehsan Khansalar
Keyword(s):  
Corporate Governance ◽  
Mergers And Acquisitions ◽  
Earnings Management ◽  
Financial Reporting ◽  
Pearson Correlation ◽  
Discretionary Accruals ◽  
Corporate Management ◽  
Corporate Governance Code ◽  
The Uk ◽  
The Impact

<p>Several studies revealed earnings management (EM) around mergers and acquisitions (M&amp;As) by both acquirers and target firms. Rosa et al. (2003) suggest that a systematic EM is associated with the use of stock as payment in takeovers. This and other corporate malpractices have prompted authorities to tighten regulations by passing the United Kingdom (UK) Corporate Governance (CG) Code to guide companies in the UK in their corporate management and financial reporting.</p><p>This study is to investigate the impact of the UK CG Code on accruals EM around M&amp;As in the UK. The study applied the Modified Jones (1991) model as modified by Dechow et al. (1995) and the Pearson Product Moment Correlation in analysing a sample data from 66 companies listed on the LSE that have undertaken M&amp;As within the period of January 2007 to December 2014. The results produced by the modified Jones model indicate some level of income increasing discretionary accruals in the pre-CG period but showed an opposite situation in the post-CG period. A test for significance indicates the means of pre-CG discretionary accruals and post-CG discretionary accruals were different and significant. The hypothesis that “the level of earnings management around mergers and acquisitions in the UK has significantly reduced after the enactment of the UK Corporate Governance code 2010” was therefore accepted.</p>Results from the Pearson Correlation Coefficient were inconclusive on EM but indicate some changes in the level of activities in the earnings between the two periods. This may also points to some effect of CG Code on the reported earnings of these companies. The results from this study is consistent with existing studies that evince the effectiveness of CG in controlling EM as Hsu and Koh (2005); Osma (2008) suggest that best corporate governance practices minimise EM and reduce fraud drastically.

scholarly journals The worthiness of corporate governance in public sector the case of public healthcare sector in Greece

2014 ◽  
Vol 12 (1) ◽  
pp. 490-501
Author(s):  
Georgios K. Papachristou ◽  
Michail K. Papachristou
Keyword(s):  
Corporate Governance ◽  
Control System ◽  
Public Sector ◽  
Healthcare Services ◽  
Public Hospitals ◽  
Healthcare Sector ◽  
Public Healthcare ◽  
Corporate Governance Code ◽  
Public Healthcare Sector ◽  
The Impact

The objective of this paper is to measure the worthiness which the compliance of governance norms will provide to public organizations. We introduce the principles of corporate governance that should characterize the function of public sector and our analysis focuses on public hospitals. Sending appropriate designed questionnaires to an adequate sample of Greek public hospitals, we measure and analyze the impact that the implementation of a corporate governance code would have to hospitals’ administration, control system and communication with stakeholders. According to research’s results the implementation of a corporate governance code by public hospitals could add value to the provided healthcare services.

Modeling the Morphodynamics of Coastal Responses to Extreme Events: What Shape Are We In?

2021 ◽  
Vol 14 (1) ◽  
Author(s):  
Christopher R. Sherwood ◽  
Ap van Dongeren ◽  
James Doyle ◽  
Christie A. Hegermiller ◽  
Tian-Jian Hsu ◽  
...  
Keyword(s):  
Initial Conditions ◽  
Numerical Models ◽  
Annual Review ◽  
Publication Date ◽  
Impact Scale ◽  
Recent Developments ◽  
Source Models ◽  
Storm Impact ◽  
Wave Models ◽  
The Impact

This review focuses on recent advances in process-based numerical models of the impact of extreme storms on sandy coasts. Driven by larger-scale models of meteorology and hydrodynamics, these models simulate morphodynamics across the Sallenger storm-impact scale, including swash, collision, overwash, and inundation. Models are becoming both wider (as more processes are added) and deeper (as detailed physics replaces earlier parameterizations). Algorithms for wave-induced flows and sediment transport under shoaling waves are among the recent developments. Community and open-source models have become the norm. Observations of initial conditions (topography, land cover, and sediment characteristics) have become more detailed, and improvements in tropical cyclone and wave models provide forcing (winds, waves, surge, and upland flow) that is better resolved and more accurate, yielding commensurate improvements in model skill. We foresee that future storm-impact models will increasingly resolve individual waves, apply data assimilation, and be used in ensemble modeling modes to predict uncertainties. Expected final online publication date for the Annual Review of Marine Science, Volume 14 is January 2022. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

Co-opted Directors and Board Effectiveness: The Impact of Director Gender

2020 ◽  
Author(s):  
Thomas Wilson
Keyword(s):  
Corporate Governance ◽  
Independent Directors ◽  
Women Directors ◽  
Board Effectiveness ◽  
Female Directors ◽  
The Impact

Independent directors are viewed as critical to effective corporate governance. However Coles et al. (2014) introduce the concept of a “co-opted” director, one appointed after the firm’s CEO took office. They argue that, although technically independent, co-opted directors’ interests are more aligned with the CEO who was instrumental in their selection than with shareholders. However, research has shown that woman directors are more conscientious about their board duties than are men. This study investigates whether director gender mitigates the impact of co-option on board effectiveness, as measured by the frequency of board meetings. The results indicate that an increase in the proportion of co-opted male directors on a board is associated with a less effective board. However, no such relation is found for co-opted female directors. Despite incentives to act otherwise, boards with higher percentages of co-opted women directors appear to continue to fulfill their duties to shareholders.

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