Corporate Governance In Islamic Financial Institut

Outline the concept of bodied governance.
Corporate governance arranging is a framework of laws, regulatory institutions and reporting requirements that conditions the way the in corporeal sector is managed (Halpern, capital of Minnesota J.N, 2000).
Governance systems differ across countries (Halpern, Paul J.N, 2000).
The concept of corporate governance is diverse and, over a period of time, the definition of the term corporate governance has oscillated between two extremes- from a narrow concept of a appliance of safeguarding investors interests to a broad concept advocating protection of all intimate and external stakeholders rights (Iqbal, Zameer & Mirakhor, Abbas. 2007).
in that respect are two major corporate governance systems in the world. The western academia are shared out into two groups in their discussion of this subject. One of these, the Anglo-American model of corporate governance, focuses exclusively on the maximization of shareholder value. According to this model, if the fair game of maximizing shareholder value conflicts with the interests of other stakeholders, those other interests should be ignored. The second system is the Franco-German model. This model places the same amount of emphasis, at least in theory, on protecting the interests of other stakeholders.



There is, however doubt whether corporate governance in the US is in practice as closely aligned with the interests of shareholders as it appears to be in theory and whether the Franco-German model actually protects the interests of non-shareholder constituencies as much as it is claimed (chapra, Umar M and Ahmed, Habib,2002)
Further outline the contrary corporate governance codes that have been put forward

Cadbury Code: A UK code of best practice concerning appropriate senior solicitude remuneration, produced by the 1992 Cadbury Committee on the financial aspects of corporate governance. A Committee was set up in May 1991 by the Financial Reporting Council, the London Stock Exchange, and the...If you want to bump a full essay, order it on our website: Ordercustompaper.com



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