Managing corporate risk and achieving internal control through statutory compliance

Nor Azimah Abdul Aziz

Journal of Financial Crime, 2013, vol. 20, issue 1, 25-38

Abstract: Purpose - The objective of this paper is to encourage compliance amongst the corporate community and to examine how statutory provisions will assist companies to implement internal control mechanisms and in managing risks, so as to achieve business efficiency. Design/methodology/approach - This paper may be categorised as a general review paper that will elucidate on the efforts in integrating the corporate governance, internal control, and risk management provisions into the Companies Act 1965 (Act 125), (CA 1965) which is a principal legislation of company law in Malaysia. Findings - With consistent compliance, companies will reap unlimited benefits that flow from efficient processes which will enhance corporate capabilities, effective management, coordination and the overall organisation's ability to create value and ultimately, in maximising its shareholders' wealth. Originality/value - The paper shows that corporate risks could be managed and internal control could be achieved by companies through compliance with a legal framework that reinforces good governance and is infused with such provisions. The target audience of this paper is towards the officers of companies, corporate players as well as regulators, policy makers and legislators.

Keywords: Malaysia; Corporate governance; Legislation; Disclosure; Managing corporate risks; Achieving internal control; Malaysian Companies Act; 1965; Corporate statutory compliance; Corporate disclosure and transparency (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:13590791311287328

DOI: 10.1108/13590791311287328

Access Statistics for this article

Journal of Financial Crime is currently edited by Dr Li Hong Xing and Prof Barry Rider

More articles in Journal of Financial Crime from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().