This paper studies the relationship between social capital on the green growth in Malaysia, with the aim of ascertaining whether faith based social capital has a role in sustaining economic growth. The study utilizes the annual data over the period of 1970-2015. This study employs the Autoregressive Distributed Lag (ARDL) model and causality using the Vector Error Correction Model (VECM). The findings demonstrate the long and short-run associations between social capital and green growth in Malaysia. The causality only runs in a unidirection from social capital to the green economic growth. The findings have important policy implications for green economic growth measurement to account for social well-being and to fulfil the objectives of Islamic Sharia.

There was vast research on the effectiveness of audit committees as part of the mechanisms in safeguarding shareholders’ interest and also ensuring effective financial reporting by companies. However, studies on the efficacy of audit committees as governance tools in a niche area relating to social enterprises namely cooperative societies in Malaysia is still scarce. Hence, this study intends to investigate the association between audit committee attributes namely audit committee expertise and experience, audit committee meeting frequency and audit committee size to the timeliness reporting compliance among Malaysian cooperative societies. Using qualitative research methods, 158 usable questionnaires from 59 cooperative societies were successfully gathered and analysed using SmartPLS 3 Version 3.2.8. The results obtained provided support to the notion that there is a significant positive relationship between the frequency of meetings on the timeliness reporting compliance and a significant positive relationship between audit committee size on the timeliness reporting compliance. However, the notion expecting a significant positive relationship between the expertise of the audit committee on the timeliness reporting compliance proved to be insignificant. Conclusively, the study provides theoretical and practical support to both literature and practitioners on the importance of having optimum audit committee size and high frequency of meeting in ensuring the timeliness compliance of financial reporting of cooperative societies.

No abstract

This aim of this study is to examine the level of disclosure of the implementation of Sustainability Performance, especially for state higher education in Indonesia (profile, economic, environmental, social, educational). State universities with PTNBH status were the population, and 9 universities were the research samples for the period of 2017-2019. Data were collected using the Campus Sustainability Instrument or Graphical Assessment of Sustainability in Universities (GASU) and content analysis as an analytical technique covering the stages of decontextualization, recontextualization, categorization and compilation. The findings of this study show that the average level of disclosure on the Sustainability Performance of Indonesian universities is still low (42% of all dimensions and indicators) with the highest level of disclosure on the educational dimension, followed by economic, profile, social and environmental dimensions, respectively. This research has practical implications for higher education management to strengthen disclosure as a form of commitment, transparency and credibility to stakeholders and to support the government for sustainable environmental development.

Risk management is critical for any organisation to manage risk appropriately, as an undesirable risk event can have a huge negative impact on finances. Poor risk management leads to uncertain business performance or in the worst-case scenario, the collapse of the business. Sound risk management requires that the elements of risk in the business are considered before a decision is made. It is also important to know how the risk can be mitigated if it occurs, who is responsible for managing the risk, whether the likelihood and severity of the risk should be reduced or the risk should be avoided and transferred to others. This can help organisations to carry out the necessary assessments and analysis to understand the extent of their risk exposure and then plan mitigation measures. This paper highlights the importance of the Diagnostic Risk Management System (DRMS) as a lifesaver for organisations. Scholars, experts and practitioners generally agreed that DRMS reflects a company's image and subsequently reduces opportunities for fraud. DRMS is a user-friendly system that helps companies manage and view overall risk and find appropriate solutions to mitigate individual risks. DRMS focuses on the overall risk, especially on the risk assessment of financial reporting. DRMS is suitable for companies to create a competitive but healthy business environment that is free from destructive elements such as corruption, fraud and white-collar crime. This in turn ensures the creation of wealth for the business environment in Malaysia.