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An overview of corporate governance models in financial institutions


Alam, Md Kausar and Ab Rahman, Suhaimi and Mustafa, Hasri and Mohammed Shah, Sabarina and Rahman, Md. Mizanur (2019) An overview of corporate governance models in financial institutions. International Journal of Management and Sustainability, 8 (4). pp. 181-195. ISSN 2306-9856; ESSN: 2306-0662


The paper illustrates the models of corporate governance in the aspects of its definition, nature of management and objectives along with its roles, regulation and power of various stakeholders in ensuring the accountability and the protection of the rights of various stakeholders from conventional and Islamic perspectives. These models are different in their characteristics, nature, culture, costume, epistemology, and country’s rules and regulation. However, the conventional models highlight the roles of shareholders, stakeholders, depositors, institutions, investors, and communities from the perspective of the nation’s demand and cultures. In contrast, the Islamic model of corporate governance consists of some roles and responsibilities such as the responsibilities to suppliers, customers, investment account holders, shareholders, management, the board of directors, competitors, Shariah supervisory boards, societies, and the employees from its spiritual and social commitments. Through the critical analysis of these models of corporate governance is deemed to help the empirical research on corporate governance model and develop a certain model of Islamic corporate governance. However, the paper may help to give a simple understanding of the corporate governance models in both the conventional and Islamic perspectives of financial institutions.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.18488/journal.11.2019.84.181.195
Publisher: Conscientia Beam LLC
Keywords: Corporate governance; Corporate governance models; Financial institutions
Depositing User: Ms. Nuraida Ibrahim
Date Deposited: 05 Nov 2020 18:54
Last Modified: 05 Nov 2020 18:54
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.18488/journal.11.2019.84.181.195
URI: http://psasir.upm.edu.my/id/eprint/80622
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