SHS Web Conf.
Volume 34, 2017The 17th Annual Conference of the Asian Academic Accounting Association (2016 FourA Conference)
|Number of page(s)||7|
|Published online||14 February 2017|
Understanding Prudence Corporate Governance: An Alternative Approach
UUM, College Of Business, 06010 Sintok Kedah, Malaysia
* Corresponding author: email@example.com
In the past decades, the world was stunned by the collapse of few established corporate organization worldwide. These high profile organizations are said to have a weak corporate governance system among others lack of accountability, lack of transparency and poor leadership and decision making that plunge their organization towards an endemic financial and management crisis. Since then and until today, corporate governance received a continuous high attention by all parties concerned, whereby exercising good corporate governance practises is becoming a mandatory within their respective organization. To elaborate further, perhaps maybe there is an abundance of established guidelines and practical perspective of corporate governance within the literature, however, this paper offers an attention-grabbing alternative approach of understanding prudent corporate governance thought that based on Islamic perspective. Perhaps we could revisit the philosophy of corporate governance, review the possibilities in light of adopting a more comprehensive perspective on the concept of development which includes individual, organizational and societal goals.
Key words: Corporate governance / Islamic corporate governance
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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