Shareholder Activism, Institutional Shareholders and Agency Problems in Malaysia

Author:

Musa Maizatul Akmal1ORCID,Ismail Shahril Eashak2

Affiliation:

1. Universiti Teknologi MARA Shah Alam, 40450, Selangor, Malaysia

2. Universiti Teknologi MARA Cawangan Negeri Sembilan, 70300 Seremban, Negeri Sembilan, Malaysia

Abstract

Objective - The aim of this paper is to study the effectiveness of institutional shareholder activism in controlling corporate behaviours in Malaysia. Methodology/Technique - this study is investigated by critical reviewing previously published articles. Findings - Earlier researchers have viewed poor corporate governance as one of the main contributing factors to a major corporate disaster. The best practice of corporate governance suggests that shareholders should actively be engaged and involved with the investee companies to provide check and balance to the governance mechanism. This is particularly crucial for companies with suspicions of poor internal governance. The engagements from shareholders, especially the institutional shareholders in critical areas will give impacts to the governance structures and practices of the companies involved. Institutional shareholders usually have the capability to perform interventions throughout the year, not only limited to annual general meetings. Novelty - This study proved that corporate governance provides a structure to facilitate performance and also to enhance corporate sustainability. Type of Paper - Conceptual Keywords: Shareholder activism; institutional shareholders; corporate governance; Emerging Market; Agency problems.

Publisher

Global Academy of Training and Research (GATR) Enterprise

Reference60 articles.

1. A Guide of Best Practices for Institutional Shareholders the Minority Shareholders 2007. Kuala Lumpur: The Minority

2. Watchdog Group with collaboration the Institutional Shareholders’ Committee.

3. Abdul Wahab, E. A., How, J. & Verhoeven, P. 2008. 'Corporate Governance and Institutional Investors: Evidence From

4. Malaysia.' Asian Academy of Management of Accounting and Finance, 4:2, 64-90.

5. Admati, A. R. & Pfleiderer, P. 2009. 'The "Wall Street Walk" and Shareholder Activism: Exit as a Form of Voice.' The

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