Impact of the COVID-19 pandemic on corporate governance practices
The COVID-19 crisis has had an impact on every aspect of human life, including business. Many industries ground to a halt, and some businesses had to resort to liquidation. In this context, corporate governance was not spared the effects of the pandemic either, as the crisis almost paralyzed the ent...
Published in: | International Journal of Management and Sustainability |
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Conscientia Beam
2023
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2-s2.0-85179334936 Salin A.S.A.P.; Raman S.A.; Shamsudin S.M.; Omar N. Impact of the COVID-19 pandemic on corporate governance practices 2023 International Journal of Management and Sustainability 12 3 10.18488/11.v12i3.3377 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85179334936&doi=10.18488%2f11.v12i3.3377&partnerID=40&md5=c874fdf19f43e3d8b2cb5ba7ba46062f The COVID-19 crisis has had an impact on every aspect of human life, including business. Many industries ground to a halt, and some businesses had to resort to liquidation. In this context, corporate governance was not spared the effects of the pandemic either, as the crisis almost paralyzed the entire business ecosystem. Therefore, this research aims to determine the most affected area of companies’ corporate governance and examine how companies changed their corporate governance structure in response to the COVID-19 crisis to ensure the survival of their business. Thirty-seven publicly listed companies were selected as the samples of the study. Their annual reports were analyzed using a qualitative data analysis technique. The results showed that the majority of companies had to transfer their Annual General Meeting (AGM) or/and Extraordinary General Meeting (EGM) to an online platform, while the shareholders were required to vote electronically. Moreover, some companies had to revise their budget, revisit their strategic plan, reduce director fees, send their directors for additional training, or conduct board evaluations online. © 2023 Conscientia Beam. All Rights Reserved. Conscientia Beam 23069856 English Article All Open Access; Gold Open Access |
author |
Salin A.S.A.P.; Raman S.A.; Shamsudin S.M.; Omar N. |
spellingShingle |
Salin A.S.A.P.; Raman S.A.; Shamsudin S.M.; Omar N. Impact of the COVID-19 pandemic on corporate governance practices |
author_facet |
Salin A.S.A.P.; Raman S.A.; Shamsudin S.M.; Omar N. |
author_sort |
Salin A.S.A.P.; Raman S.A.; Shamsudin S.M.; Omar N. |
title |
Impact of the COVID-19 pandemic on corporate governance practices |
title_short |
Impact of the COVID-19 pandemic on corporate governance practices |
title_full |
Impact of the COVID-19 pandemic on corporate governance practices |
title_fullStr |
Impact of the COVID-19 pandemic on corporate governance practices |
title_full_unstemmed |
Impact of the COVID-19 pandemic on corporate governance practices |
title_sort |
Impact of the COVID-19 pandemic on corporate governance practices |
publishDate |
2023 |
container_title |
International Journal of Management and Sustainability |
container_volume |
12 |
container_issue |
3 |
doi_str_mv |
10.18488/11.v12i3.3377 |
url |
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85179334936&doi=10.18488%2f11.v12i3.3377&partnerID=40&md5=c874fdf19f43e3d8b2cb5ba7ba46062f |
description |
The COVID-19 crisis has had an impact on every aspect of human life, including business. Many industries ground to a halt, and some businesses had to resort to liquidation. In this context, corporate governance was not spared the effects of the pandemic either, as the crisis almost paralyzed the entire business ecosystem. Therefore, this research aims to determine the most affected area of companies’ corporate governance and examine how companies changed their corporate governance structure in response to the COVID-19 crisis to ensure the survival of their business. Thirty-seven publicly listed companies were selected as the samples of the study. Their annual reports were analyzed using a qualitative data analysis technique. The results showed that the majority of companies had to transfer their Annual General Meeting (AGM) or/and Extraordinary General Meeting (EGM) to an online platform, while the shareholders were required to vote electronically. Moreover, some companies had to revise their budget, revisit their strategic plan, reduce director fees, send their directors for additional training, or conduct board evaluations online. © 2023 Conscientia Beam. All Rights Reserved. |
publisher |
Conscientia Beam |
issn |
23069856 |
language |
English |
format |
Article |
accesstype |
All Open Access; Gold Open Access |
record_format |
scopus |
collection |
Scopus |
_version_ |
1809677889598128128 |