Director's Code Of Ethics Analysis
One of the major parts in corporate governance is the director’s code of ethics. The system of law in our life today is closely related to ethics where the law is used to enforce definite rights and duties. Code of Ethics for Company Directors also has been listed down in the portal of Suruhanjaya Syarikat Malaysia. This is because; a position of trust with the public, stakeholders, officers and the employees of the corporation is hold by the director. So the director’s code of ethics is the written set of guidelines issued by an organization to its directors to help them conduct their action in accordance with its primary values and ethical standards.
Director is the one who supervise, regulate and controls an organization or usually understand …show more content…
An excellent achievement towards corporate governance by promoting good compliance and corporate governance culture as well as strengthening self and market discipline is one of the objectives of MCCG. There are about eight principles which followed by 26 corresponding recommendations had being set out by the MCCG …show more content…
The first principles of MCCG which is roles and responsibility of the board shows that director’s code of ethics is a major part in corporate governance in Malaysia. Where in this principles, formalizing ethical standards through a code of conduct and ensuring that company strategies promotes sustainability is required to be done by the directors. In sense of ethical issue, the director required to questioning themselves about the organizational ethical values as well as questioning about the effectiveness of the organization’s code of conduct in summarizing such values. So, Malaysian Code on Corporate Governance 2012 is seek to emphasized a good culture of corporate governance while addressing the key components of the corporate governance ecosystem in order to strengthen self and market discipline. A good business should be realized is not only by achieving an organizational desired financial but it is also about creating shareholder value which only can be attain by such a well-informed strategic direction and engaged oversight, where it can stretch beyond short term financial
Director is the one who supervise, regulate and controls an organization or usually understand …show more content…
An excellent achievement towards corporate governance by promoting good compliance and corporate governance culture as well as strengthening self and market discipline is one of the objectives of MCCG. There are about eight principles which followed by 26 corresponding recommendations had being set out by the MCCG …show more content…
The first principles of MCCG which is roles and responsibility of the board shows that director’s code of ethics is a major part in corporate governance in Malaysia. Where in this principles, formalizing ethical standards through a code of conduct and ensuring that company strategies promotes sustainability is required to be done by the directors. In sense of ethical issue, the director required to questioning themselves about the organizational ethical values as well as questioning about the effectiveness of the organization’s code of conduct in summarizing such values. So, Malaysian Code on Corporate Governance 2012 is seek to emphasized a good culture of corporate governance while addressing the key components of the corporate governance ecosystem in order to strengthen self and market discipline. A good business should be realized is not only by achieving an organizational desired financial but it is also about creating shareholder value which only can be attain by such a well-informed strategic direction and engaged oversight, where it can stretch beyond short term financial