Panel Dataset of Ethical Commitment Disclosures in Malaysia

Hashim, Hafiza Aishah; Abidin, Ahmad Firdhauz Zainul; Salleh, Zalailah; Devi, Susela

doi:10.1016/j.dib.2020.105624

Cited by 8 publications

(10 citation statements)

References 5 publications

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“…The data was collected through a questionnaire and found that top management should be more aware of business ethics to increase competitive advantage in a global business market. Hashim et al (2020) examined the level of ethical commitment by extending the ECI developed by Choi and Jung (2008). From the study, Hashim et al (2020) developed 6 themes comprising Corporate Ethics Values, Action to Promote Ethics, Whistleblowing Policy, Code of Ethics, Sustainability Practices, and Ethics Committee.…”

Section: Bod Ethical Commitmentmentioning

confidence: 99%

The Relationship Between BOD Ethical Commitment and Risk Management and Internal Control System with the Performance of Shariah-Compliant Companies

Rosli

Hasnah²,

Shaharudin³

2023

JGI

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Shariah companies need to maintain good performance to ensure the sustainability of companies. Shariah companies operate based on Islamic moral foundations, specifically in terms of their accountability and transparency which are considered as key values that need to be considered when conducting their business operations. However, corruption cases can affect the performance of Shariah companies. Studies have shown that Shariah-compliant companies are underperforming as compared to their conventional counterparts. Therefore, the objective of this study is to examine whether BOD ethical commitment (corporate ethics values, action to promote ethics, code of ethics and whistleblowing policy) and risk management and internal control system (content, implementation, role, objective, framework and separation section) will affect the performance of Shariah companies. Data was collected from the 2019 annual reports of 60 Shariah manufacturing companies. Data was analysed using Smart Partial Least Square. The study found BOD Ethical Commitment (whistleblowing policy) and Risk Management and Internal Control System (separation of risk management and internal control) have a significant relationship with performance. The study implies that shariah-compliant companies should focus on the disclosure of whistleblowing policy and separation of risk management and internal control system in their annual reports for them to improve their performance as disclosure of this information, will help to improve the confidence of the market to invest in them

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Section: Bod Ethical Commitmentmentioning

confidence: 99%

The Relationship Between BOD Ethical Commitment and Risk Management and Internal Control System with the Performance of Shariah-Compliant Companies

Rosli

Hasnah²,

Shaharudin³

2023

JGI

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“…Thus, the results from prior studies indicate that Malaysian organizations are now moving towards the implementation strategy of ethics and integrity in the organization. Hashim et al (2020) measured ethical commitment by looking at 6 dimensions which are corporate ethical values, action to promote ethics, ethics committee, whistle-blowing policy, code of ethics, and sustainability practices. Abdullah et al (2020) suggested that training and development should enhance employees' human value, specifically in integrity, moral conduct, and ethics.…”

Section: Gender Diversitymentioning

confidence: 99%

“…Previous studies used primary and secondary data to measure HG. Hanapiyah et al (2016) used a questionnaire to measure HG while Ting et al (2014), Said et al (2018), Chebbia et al (2020), Jamil et al (2020), Hashim et al (2020), and Setiawan and Djajadikerta (2017) used secondary data to measure HG dimensions. Thus, this study combines all dimensions of HG from previous studies and used secondary data to measure HG while only focusing on Shariah-compliant manufacturing companies.…”

mentioning

confidence: 99%

Human Governance Index of Manufacturing Sector of Shariah Compliant Companies in Malaysia: A Preliminary Analysis

Haron

Jamil²,

Ramli³

et al. 2022

JGI

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Human Governance refers to the governors’ commitment to improve employees’ values and ethical behaviour in the organization. Humans are capital asset and key driver to a successful organisation. The objectives of the study are to explain the development of human governance index and discuss the findings of human governance index when applied to 68 Shariah-compliant companies in the manufacturing sector. Previous study used primary and secondary data. Thus, this study will combine the indices of Human Governance from previous study and will develop a more comprehensive checklist using secondary data. Human Governance Index of this study comprises 37 items which are made up of four (4) main components which are (1) BOD Leadership - which is measured by i) BOD Job Experience Index, (ii) BOD Educational Background Index, (iii) BOD Educational Level Index, (iv) BOD Age Index, (v) BOD Gender Diversity Index; (2) Level of Integrity Index; (3) BOD Quantity of Training Index; and (4) Quality of Internal Control System Index. The index has been validated by panel experts and inter-rater consistency was also conducted. The index was then used to measure the Human Governance Index of 68 Shariah-compliant companies’ annual reports for the year 2019. 68 Shariah-compliant companies are from manufacturing companies which comprise 25 consumer products, 3 healthcare, and 40 industrial products. The results of this study revealed that consumer product sector has the highest items compared to industrial product and healthcare sectors. BOD job experience index has the highest mean of 92.9% indicates that BOD has more than 10 years’ experience and BOD gender diversity index has the lowest mean of 17.6% which comprises female. Human governance Index can be used to assist companies to improve their human capital who are important assets to the company and have been proven to increase performance of companies if they are better managed.

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“…Setiawan and Djajadikerta (2017) measured the internal control system using 6 dimensions and they are content of internal control disclosure, implementation of internal control, role of internal control, objective of internal control, internal control framework, and a separate dimension section of internal control. Hashim et al (2020) measured ethical commitment by looking at six dimensions: corporate ethical values, action to promote ethics, whistleblowing policy and code of ethics.…”

Section: Human Governancementioning

confidence: 99%

The Relationship between Islamic Corporate Governance, Human Governance and Sustainability Reporting of Shariah Compliant Companies in Malaysia

Jamil¹,

Hasnah²,

Ramli³

et al. 2022

IJARAFMS

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This study aims to evaluate the relationship between Islamic corporate governance, human governance and sustainability reporting by investigating Shariah compliant companies in Malaysia. This is very significance as to ensure that the corporate governance mechanism will lead the organization to do more sustainability practises when there is disclosure on Islamic corporate governance and human governance. Human governance is measured by job experience of Board of Directors (BOD), education background of BOD, education level of BOD, age of BOD, gender diversity of BOD, level of integrity, the quantity of training attended by BOD and internal control quality. This study investigates the relationships between sustainability reporting, which comprises economic, environmental, social, Islamic corporate governance and human governance. The study has been using quantitative analyses based on a total of 68 Shariah compliant companies' annual reports for the year ended 2019.Descriptive and multiple regression analyses were used to analyse the data. The study found that, education background of BOD, education level of BOD, age of BOD, level of integrity and internal control quality were significantly related to sustainability reporting. However, job experience of BOD, quantity of training attended by BOD and gender diversity of BOD were found not to be significantly related to sustainability reporting. Islamic corporate governance was also found not to be significantly related to sustainability reporting. Shariah companies should focus on having BOD diversity in terms of age, education level and education background. There should also be an internal quality control system and an ethical culture in place to improve its sustainability reporting. Further, this study contributes to the discussion of Islamic corporate governance, human governance and sustainability reporting. The findings can be used to identify the necessary mechanisms that should be enhanced to strengthen the practice of sustainability reporting. Hence, future research could include more items in Islamic corporate governance on the sustainability practises.

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Panel Dataset of Ethical Commitment Disclosures in Malaysia

Cited by 8 publications

References 5 publications

The Relationship Between BOD Ethical Commitment and Risk Management and Internal Control System with the Performance of Shariah-Compliant Companies

The Relationship Between BOD Ethical Commitment and Risk Management and Internal Control System with the Performance of Shariah-Compliant Companies

Human Governance Index of Manufacturing Sector of Shariah Compliant Companies in Malaysia: A Preliminary Analysis

The Relationship between Islamic Corporate Governance, Human Governance and Sustainability Reporting of Shariah Compliant Companies in Malaysia

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