Corporate Governance Framework for Shariah Compliant Corporation

DOI

10.2991/assehr.k.211223.092How to use a DOI?

Keywords

Corporate Governance; Shariah Compliant Corporation

Abstract

Corporate governance emphasise on the moral and ethical dimensions of managing a company’s business. The word corporate governance refers to a system of control of corporation and systems of accountability of those in control. The High Level Finance Committee Report 1999, defines corporate governance as a process of directing a business and the affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realising long-term shareholder values, whilst taking into account the interest of other stakeholders”. Under Shariah, corporate governance main purpose is not only to work for the benefit of the shareholders and the stakeholders but also to acknowledge the duty of mankind to God and to the rest of the people living in the community. This paper analyse the corporate governance legal framework from both conventional and Shariah perspective to identify what would be the appropriate corporate governance model for Shariah compliant corporation.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Hartinie Abd Aziz
AU  - Zuhairah Ariff Abd Ghadas
PY  - 2021
DA  - 2021/12/24
TI  - Corporate Governance Framework for Shariah Compliant Corporation
BT  - Proceedings of the International Joint Conference on Arts and Humanities 2021 (IJCAH 2021)
PB  - Atlantis Press
SP  - 528
EP  - 532
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211223.092
DO  - 10.2991/assehr.k.211223.092
ID  - Aziz2021
ER  -