Corporate governance awareness and disclosure practices among Malaysian SMEs: preliminary findings

Noor Kaziemah Sariman and Rozaidy Mahadi and Junainah Jaidi (2024) Corporate governance awareness and disclosure practices among Malaysian SMEs: preliminary findings.

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Abstract

Corporate governance (CG) is increasingly recognized as a vital driver of transparency, accountability, and business sustainability. While substantial attention has been given to CG practices in large corporations, there remains a significant gap in understanding how microenterprises, small and medium-sized enterprises (SMEs) in developing countries, particularly Malaysia, perceive and implement corporate governance. This study explores the level of corporate governance awareness and disclosure among Malaysian SMEs, focusing on key areas such as board structure, role separation between CEO and chairman, audit committees, and CG disclosure in annual reports. Using data from a survey of 56 SMEs, the findings reveal significant gaps in corporate governance awareness, a lack of formal governance structures, and limited disclosure of governance practices. The study identifies critical barriers to the adoption of good corporate governance practices among Malaysian SMEs and suggests avenues for future research to address these gaps.

Item Type:	Proceedings
Keyword:	Corporate governance, Disclosure, SMEs, Malaysia
Subjects:	H Social Sciences > HB Economic theory. Demography > HB1-3840 Economic theory. Demography > HB3711-3840 Business cycles. Economic fluctuations H Social Sciences > HD Industries. Land use. Labor > HD28-9999 Industries. Land use. Labor > HD2321-4730.9 Industry > HD2340.8-2346.5 Small and medium-sized businesses, artisans, handicrafts, trades
Department:	FACULTY > Faculty of Business, Economics and Accounting
Depositing User:	SITI AZIZAH BINTI IDRIS -
Date Deposited:	24 Mar 2025 12:38
Last Modified:	24 Mar 2025 12:38
URI:	https://eprints.ums.edu.my/id/eprint/43289

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