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Board Characteristics and Firm Performance : Malaysia’s Government-Linked Companies (GLCS) Compliance to Green Book

The Government-Linked Companies Transformation (GLCT) Programme was introduced in 2005 as the Malaysia Government efforts to improve the performance of government-linked companies (GLCs) under its control. One of the main policy thrusts in this framework is the need to upgrade the effectiveness of...

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Main Authors: Noraisyah, Abd Rahman, Mohd Waliuddin, Mohd Razali
Format: Article
Language:English
Published: Human Resource Management Academic Research Society (HRMARS) 2019
Subjects:
H Social Sciences (General)
HG Finance
Online Access:http://ir.unimas.my/id/eprint/23329/1/Mohd%20Waliuddin.pdf
http://ir.unimas.my/id/eprint/23329/
http://hrmars.com/index.php/papers/detail/IJARBSS/5387
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spelling my.unimas.ir.233292021-04-08T03:17:52Z http://ir.unimas.my/id/eprint/23329/ Board Characteristics and Firm Performance : Malaysia’s Government-Linked Companies (GLCS) Compliance to Green Book Noraisyah, Abd Rahman Mohd Waliuddin, Mohd Razali H Social Sciences (General) HG Finance The Government-Linked Companies Transformation (GLCT) Programme was introduced in 2005 as the Malaysia Government efforts to improve the performance of government-linked companies (GLCs) under its control. One of the main policy thrusts in this framework is the need to upgrade the effectiveness of GLCs boards which led to the launching of the Green Book on April 2006. Focusing on the Green Book structuring high-performing board guidelines, this study tries to examine whether compliance to its recommended board characteristics of size, independence and remuneration has any effect on GLCs performance. Thus, GLCs financial performance for three years before (2004, 2005 and 2006) and three years after (2007, 2008 and 2009) the guidelines became mandatory effective on 1 January 2007 are analyzed and compared. The results show that the Green Book is a successful tool to increase board effectiveness in its monitoring function. However, compliance to board characteristics of size, independence and remuneration do not affect GLCs performance. Thus, it can be concluded that the influence of the Green Book as corporate governance factor is insufficient to explain the variations in GLCs performance. Human Resource Management Academic Research Society (HRMARS) 2019 Article PeerReviewed text en http://ir.unimas.my/id/eprint/23329/1/Mohd%20Waliuddin.pdf Noraisyah, Abd Rahman and Mohd Waliuddin, Mohd Razali (2019) Board Characteristics and Firm Performance : Malaysia’s Government-Linked Companies (GLCS) Compliance to Green Book. International Journal of Academic Research in Business and Social Sciences, 9 (1). pp. 174-190. ISSN 2222-6990 http://hrmars.com/index.php/papers/detail/IJARBSS/5387 DOI:10.6007/IJARBSS/v9-i1/5387
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
HG Finance
spellingShingle H Social Sciences (General)
HG Finance
Noraisyah, Abd Rahman
Mohd Waliuddin, Mohd Razali
Board Characteristics and Firm Performance : Malaysia’s Government-Linked Companies (GLCS) Compliance to Green Book
description The Government-Linked Companies Transformation (GLCT) Programme was introduced in 2005 as the Malaysia Government efforts to improve the performance of government-linked companies (GLCs) under its control. One of the main policy thrusts in this framework is the need to upgrade the effectiveness of GLCs boards which led to the launching of the Green Book on April 2006. Focusing on the Green Book structuring high-performing board guidelines, this study tries to examine whether compliance to its recommended board characteristics of size, independence and remuneration has any effect on GLCs performance. Thus, GLCs financial performance for three years before (2004, 2005 and 2006) and three years after (2007, 2008 and 2009) the guidelines became mandatory effective on 1 January 2007 are analyzed and compared. The results show that the Green Book is a successful tool to increase board effectiveness in its monitoring function. However, compliance to board characteristics of size, independence and remuneration do not affect GLCs performance. Thus, it can be concluded that the influence of the Green Book as corporate governance factor is insufficient to explain the variations in GLCs performance.
format Article
author Noraisyah, Abd Rahman
Mohd Waliuddin, Mohd Razali
author_facet Noraisyah, Abd Rahman
Mohd Waliuddin, Mohd Razali
author_sort Noraisyah, Abd Rahman
title Board Characteristics and Firm Performance : Malaysia’s Government-Linked Companies (GLCS) Compliance to Green Book
title_short Board Characteristics and Firm Performance : Malaysia’s Government-Linked Companies (GLCS) Compliance to Green Book
title_full Board Characteristics and Firm Performance : Malaysia’s Government-Linked Companies (GLCS) Compliance to Green Book
title_fullStr Board Characteristics and Firm Performance : Malaysia’s Government-Linked Companies (GLCS) Compliance to Green Book
title_full_unstemmed Board Characteristics and Firm Performance : Malaysia’s Government-Linked Companies (GLCS) Compliance to Green Book
title_sort board characteristics and firm performance : malaysia’s government-linked companies (glcs) compliance to green book
publisher Human Resource Management Academic Research Society (HRMARS)
publishDate 2019
url http://ir.unimas.my/id/eprint/23329/1/Mohd%20Waliuddin.pdf
http://ir.unimas.my/id/eprint/23329/
http://hrmars.com/index.php/papers/detail/IJARBSS/5387
_version_ 1696979495699873792
score 13.211869

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