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Embedding Economic Excellence: A Transformational Definition of "Corporate Governance" for Malaysia

Embedding Economic Excellence: A Transformational Definition of "Corporate Governance" for Malaysia

作     者:Zulkiffiee Mohamed Garry James Clayton Mohd Yaziz Mohd Isa 

作者机构:Universiti Tun Abdul Razak (UNIRAZAK) Kuala Lumpur Malaysia 

出 版 物:《Journal of Modern Accounting and Auditing》 (现代会计与审计(英文版))

年 卷 期:2015年第11卷第2期

页      面:124-129页

学科分类:12[管理学] 120202[管理学-企业管理(含:财务管理、市场营销、人力资源管理)] 1202[管理学-工商管理] 

主  题:公司治理 马来西亚 经济活动 定义 嵌入 利益相关者 发达国家 商业环境 

摘      要:The Malaysian government has carefully crafted policies to ensure that the nation achieves its aspirational goal to become a developed nation by 2020. Crucial for which is the success of the Securities Commissions Corporate Governance Blueprint 2011 and Capital Market Master Plan 2 designed to provide a business environment which attracts investment and talent. Somewhat overlooked in these otherwise robust policy shifts has been a critical critique of the definition, nature, and purpose of corporate governance itself. Recognizing this oversight, Tan Sri Muhyiddin Yassin, Malaysias Deputy Prime Minister, has directed that the definition of corporate governance be rejuvenated for the 21st century. This paper looks to answer that challenge by recommending the following transformational definition for corporate governance: the proactive implementation of accountable ethical processes, procedures, and policies that inspires innovative aspirational economic activity to produce sustainable wealth and prosperity for shareholders, stakeholders, and society.

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