Integration of ethics in Malaysian corporate governance practices / Zaleha Othman

Othman, Zaleha (2011) Integration of ethics in Malaysian corporate governance practices / Zaleha Othman. PhD thesis, Universiti Teknologi MARA.

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Abstract

Corporate governance systems are developed to manage business affairs with the
aim of enhancing shareholder wealth and corporate accountability. However, despite
the many efforts made, corporate governance flaws ( i.e corporate scandals) keep
emerging, making this phenomenon a major governance issue. Various opinions
have been articulated in response to this and ethics have been strongly recommended
as a factor to solve the corporate governance issue. Motivated by the above, this
research examines the possibility of integrating ethics into corporate governance
practices. The research develops conceptual foundation around the dimension of
social contract theory. Associated with the subjective nature of the research, the
research employed social constructionist ontology, and the process involved a
qualitative approach (i.e enquiry). Interpretive analysis techniques are employed to
support the qualitative approach. The qualitative approach provides rich description
in exploring the subjects' minds i.e. prominent corporate governance experts, and
corporations which are known for their good corporate governance reputation.
Based on the interpretive analysis conducted, the research findings answered the
research questions. Social constructed views of respondents indicate understanding
of corporate governance as a social process requiring pluralistic governance in
which, support from the social dimension i.e ethics, is crucial. Support from ethics
includes practice of several key ethics contents (such as organizational ethics
structure, ethical management, ethical leadership and ethical culture). Emergence of
the key ethics contents articulates the process of ethics integration into corporate
governance practices. However, the respondents perceived that integration of ethics
is still in its infancy. This is due to the influence of combinations of forces. Positive
forces such as financial pressure, business pressure and external pressure influence
integration of ethics. Negative forces such as internal governance matters, power,
political influence, economic desire and lack of knowledge deter the corporations
from considering integrating ethics into their corporate governance practices.
This research provides several contributions; introducing moral aspects from
governance by behavioural theory is used to understand governance phenomena,
application of non positivist methodological aspects in accounting research, so that
issues are answered through the social constructionist ontology and contribute to
literature by providing a model of the ethics process for enhancing governance
practices. Overall, this research offer a new perspective on the corporate governance
concept, as it represents a pluralism in governance approach. Due to several
limitation faced in undertaking this research, it is suggested that future research
examines in - depth case studies. Additional empirical work such as investigating
relationship between the variables is also recommended.

Metadata

Item Type: Thesis (PhD)
Creators:
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Othman, Zaleha
UNSPECIFIED
Subjects: H Social Sciences > HD Industries. Land use. Labor > Corporations > Corporate organization. Corporate governance
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Accountancy
Item ID: 7824
Uncontrolled Keywords: Corporate governance, business, corporate accountability
URI: https://ir.uitm.edu.my/id/eprint/7824

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