Corporate governance as a catalyst for sustainability: insights from Malaysian Public listed companies

Corporate sustainability remains a prominent global concern, with stakeholders increasingly holding businesses accountable for their actions. Corporate governance (CG), facilitated by an effective board and risk management committee, can exert an impact on corporate sustainability performance (C...

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Main Authors: Normarliana Laili,, Romlah Jaffar,, Mohamat Sabri Hassan,, Ahmad Monir Abdullah,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2024
Online Access:http://journalarticle.ukm.my/24769/1/Pengurusan_71_9.pdf
http://journalarticle.ukm.my/24769/
https://www.ukm.my/jurnalpengurusan/volume-main/vol71/
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spelling my-ukm.journal.247692025-01-23T07:35:36Z http://journalarticle.ukm.my/24769/ Corporate governance as a catalyst for sustainability: insights from Malaysian Public listed companies Normarliana Laili, Romlah Jaffar, Mohamat Sabri Hassan, Ahmad Monir Abdullah, Corporate sustainability remains a prominent global concern, with stakeholders increasingly holding businesses accountable for their actions. Corporate governance (CG), facilitated by an effective board and risk management committee, can exert an impact on corporate sustainability performance (CSP). The mixed findings of prior research, on factors influencing CSP, serve to motivate this study. Additionally, the influence of sustainability committees (SC) in the CG-CSP relationship has not been examined before. This study thus represents one of the earliest investigations that elucidate the impact of SC on the relationship. The study sample comprised 762 listed companies in Malaysia, spanning 2020 to 2022. Using content analysis on company annual reports, the results established the positive and significant influence of CG on CSP as consistent with the stakeholder theory. Moreover, the results demonstratd that SC was not able to strengthen the role of CG in its relationship with CSP. These empirical findings offer valuable guides for regulators, companies, and stakeholders, that emphasise the influence of CG and SC on CSP. Penerbit Universiti Kebangsaan Malaysia 2024 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/24769/1/Pengurusan_71_9.pdf Normarliana Laili, and Romlah Jaffar, and Mohamat Sabri Hassan, and Ahmad Monir Abdullah, (2024) Corporate governance as a catalyst for sustainability: insights from Malaysian Public listed companies. Jurnal Pengurusan, 71 . pp. 1-18. ISSN 0127-2713 https://www.ukm.my/jurnalpengurusan/volume-main/vol71/
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description Corporate sustainability remains a prominent global concern, with stakeholders increasingly holding businesses accountable for their actions. Corporate governance (CG), facilitated by an effective board and risk management committee, can exert an impact on corporate sustainability performance (CSP). The mixed findings of prior research, on factors influencing CSP, serve to motivate this study. Additionally, the influence of sustainability committees (SC) in the CG-CSP relationship has not been examined before. This study thus represents one of the earliest investigations that elucidate the impact of SC on the relationship. The study sample comprised 762 listed companies in Malaysia, spanning 2020 to 2022. Using content analysis on company annual reports, the results established the positive and significant influence of CG on CSP as consistent with the stakeholder theory. Moreover, the results demonstratd that SC was not able to strengthen the role of CG in its relationship with CSP. These empirical findings offer valuable guides for regulators, companies, and stakeholders, that emphasise the influence of CG and SC on CSP.
format Article
author Normarliana Laili,
Romlah Jaffar,
Mohamat Sabri Hassan,
Ahmad Monir Abdullah,
spellingShingle Normarliana Laili,
Romlah Jaffar,
Mohamat Sabri Hassan,
Ahmad Monir Abdullah,
Corporate governance as a catalyst for sustainability: insights from Malaysian Public listed companies
author_facet Normarliana Laili,
Romlah Jaffar,
Mohamat Sabri Hassan,
Ahmad Monir Abdullah,
author_sort Normarliana Laili,
title Corporate governance as a catalyst for sustainability: insights from Malaysian Public listed companies
title_short Corporate governance as a catalyst for sustainability: insights from Malaysian Public listed companies
title_full Corporate governance as a catalyst for sustainability: insights from Malaysian Public listed companies
title_fullStr Corporate governance as a catalyst for sustainability: insights from Malaysian Public listed companies
title_full_unstemmed Corporate governance as a catalyst for sustainability: insights from Malaysian Public listed companies
title_sort corporate governance as a catalyst for sustainability: insights from malaysian public listed companies
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2024
url http://journalarticle.ukm.my/24769/1/Pengurusan_71_9.pdf
http://journalarticle.ukm.my/24769/
https://www.ukm.my/jurnalpengurusan/volume-main/vol71/
_version_ 1823091754809688064
score 13.23648