Corporate Governance as a Catalyst for Sustainability: Insights from Malaysian Public Listed Companies
Tadbir Urus Korporat sebagai Pemangkin Kelestarian: Pandangan daripada Syarikat Awam Tersenarai Malaysia

Faculty of Economics and Management
Universiti Kebangsaan Malaysia
43600 UKM Bangi Selangor, MALAYSIA.

Faculty of Administrative Science and Policy Studies
Universiti Teknologi MARA
70300,Seremban, MALAYSIA.

normarliana@uitm.edu.my

Faculty of Economics and Management
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor, MALAYSIA

romlah@ukm.edu.my

Faculty of Economics and Management
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor, MALAYSIA.

msabri@ukm.edu.my

Faculty of Economics and Management
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor, MALAYSIA.

ahmadmonirabdullah@ukm.edu.my

Abstract

Corporate sustainability remains a prominent global concern, with stakeholders increasingly holding businesses accountable for their actions. Corporate governance (CG), facilitated by an effective board and risk management committee, can exert an impact on corporate sustainability performance (CSP). The mixed findings of prior research, on factors influencing CSP, serve to motivate this study. Additionally, the influence of sustainability committees (SC) in the CG-CSP relationship has not been examined before. This study thus  represents one of the earliest investigations that elucidate the impact of SC on the relationship.  The study sample comprised 762 listed companies in Malaysia, spanning 2020 to 2022. Using content analysis on company annual reports, the results established the positive and significant influence of CG on CSP as consistent with the stakeholder theory. Moreover, the results demonstratd that SC was not able to strengthen the role of CG in its relationship with CSP. These empirical findings offer valuable guides for regulators, companies, and stakeholders, that emphasise the influence of CG and SC on CSP.

Keywords

corporate governance; Corporate sustainability performance; stakeholder theory; sustainability; sustainability committee
https://doi.org/10.17576/pengurusan-2024-71-9

Citation

Laili, N., Jaffar, R., Hassan, M. S., & Abdullah, A. M. (2024). Corporate Governance as a Catalyst for Sustainability: Insights from Malaysian Public Listed Companies. Jurnal Pengurusan, 71, –. https://doi.org/10.17576/pengurusan-2024-71-9

@article{,
  title={Corporate Governance as a Catalyst for Sustainability: Insights from Malaysian Public Listed Companies},
  author={Laili, Normarliana and Jaffar, Romlah and Hassan, Mohamat Sabri and Abdullah, Ahmad Monir},
  journal={Jurnal Pengurusan},
 

volume={71},
  number={},
  pages={—},
  year={2024},
  doi={https://doi.org/10.17576/pengurusan-2024-71-9},
  publisher={Penerbit UKM},
}

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