Open Science Research Excellence
@article{(International Science Index):http://waset.org/publications/12789,
  title    = {Impact of the Amendments of Malaysian Code of Corporate Governance (2007) on Governance of GLCs and Performance},
  author    = {Azmi Hamid and  Rozainun Aziz},
  country   = {Malaysia},
  institution={MARA UNIVERSITY OF TECHNOLOGY},
  abstract  = {The study aims to investigate the impact on board and
audit committee characteristics and firm performance before and
after the revision of MCCG (2007) on GLCs over the period 2005-2010. We used Return on Assets (ROA) as a proxy for firm performance. The data consists of two groups; data collected before
and after the amendments of MCCG (2007). Findings show that
boards of directors with accounting / finance qualifications (BEXP)
are statistically significant with performance for period before the amendments. As for audit committee members with accounting or
finance qualifications (ACEXP), correlation results indicate a
negative association and non-significant results for the years before
amendments. However, the years after the amendments show
positive relationship with highly significant correlations (1%) to ROA. This indicates that the amendments of MCCG 2007 on the
audit committee members- literacy in accounting have impacted the governance structures and performance of GLCs.},
    journal   = {International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering},  volume    = {6},
  number    = {11},
  year      = {2012},
  pages     = {3181 - 3186},
  ee        = {http://waset.org/publications/12789},
  url       = {http://waset.org/Publications?p=71},
  bibsource = {http://waset.org/Publications},
  issn      = {eISSN:1307-6892},
  publisher = {World Academy of Science, Engineering and Technology},
  index     = {International Science Index 71, 2012},
}