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What is Regulatory Amendments

Chapter 9
Cases on Uncovering Corporate Governance Challenges in Asian Markets
Changes or additions to the set of rules, standards, or laws that govern a particular activity or sector. These are often made in response to identified gaps or deficiencies in existing regulations.
Published in Chapter:
Financial Misreporting and Corporate Governance Lapses: A Deep Dive Into the 1MDB Scandal in Malaysia
Mohamad Zreik (Independent Researcher, Lebanon)
Copyright: © 2024 |Pages: 24
DOI: 10.4018/978-1-6684-9867-5.ch009
Abstract
This chapter investigates the 1Malaysia Development Berhad (1MDB) controversy by analyzing the system of financial misreporting that allowed for the large misuse of funds and the roles and duties that were overlooked. Cultural, sociological, and political contexts that exacerbated the problem are examined. This chapter elucidates the effects of the scandal on the Malaysian economy, the reactions of various stakeholders, and the lessons it offers for corporate governance. Finally, corrective measures like new regulations and institutional shifts are discussed to drive home the point that strong corporate governance is essential to the success of businesses and the economy as a whole.
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