Journal articles on the topic 'Supervisory boards'
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1
Eulerich, Marc, and Markus Stiglbauer. "Supervisory boards and their new role as a strategic business coach: opening the German black box of upper echelons." Corporate Ownership and Control 9, no. 3 (2012): 321–29. http://dx.doi.org/10.22495/cocv9i3c3art1.
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The board’s work is one of the most often discussed corporate governance mechanisms. Nevertheless, the board’s work often is considered a black box or a closed circle, too. The traditional view on German supervisory boards’ tasks within the two-tier system is the one as as a past-oriented supervisor of the management board. In light of the current financial crisis, the call for a general role transfer of German supervisory boards to pro-active, future-oriented/strategic business coaching is getting louder. An empirical study opening the German black box of upper echelons investigates if or/and how such a role transfer has already was carried out. Findings reveal that supervisory boards now actively advice the management board to build up and monitor strategic goals and react immediately case of evidence of a crisis. Moreover, supervisory boards do not longer exclusively consider financial key data but also qualitative data on human resources (e.g. skills/know-how) and sustainability issues (e.g. stakeholder integration) when evaluating strategies.
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Cindrić, Lana. "Supervisory Board’s Contribution to Corporate Strategy: Evidence from Croatian Companies." Studies in Business and Economics 16, no. 1 (April 1, 2021): 42–50. http://dx.doi.org/10.2478/sbe-2021-0004.
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Abstract The main objective of this paper is to expand understanding of how supervisory boards contribute to corporate strategy. Using a sample of supervisory boards of Croatian listed companies, in this paper we investigate: (1) the overall level of supervisory boards involvement in corporate strategy, and (2) how are supervisory board’s structural attributes related to the intensity of strategic involvement. Our results indicate that supervisory boards indeed have an active role in shaping and supporting the corporate strategy. Strategic activities that supervisory boards most often execute are authorizing strategic decisions proposed by the management board and crisis management activities.
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Heemskerk, Klaas. "The multidimensionality of conflict in supervisory boards in education in the Netherlands." Educational Management Administration & Leadership 48, no. 3 (February 10, 2019): 549–69. http://dx.doi.org/10.1177/1741143219827302.
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This article aims to clarify the effects of conflicts on the task performance of supervisory boards in education. Management studies on conflicts on corporate boards sometimes find a positive effect and sometimes a negative effect on the performance of boards. These mixed findings are considered a result of the triggering of harmful personal conflicts through disagreements about process and content within boards. In order to gain more insight into the complex ways in which conflicts influence the effectiveness of supervisory boards in education, a multidimensional operationalisation of conflict has been designed, in which three different types of conflict – task, process and relationship conflict – are distinguished. Chairs of the executive boards of schools in the Netherlands (N = 300) were questioned via a survey on various conflict dimensions and their supervisory board’s task performance. The results of hierarchical regression analyses underscore the need for a multidimensional approach to conflicts on supervisory boards in education. Task conflict has a positive effect and relationship conflict a negative effect, while process conflict seems to have no significant effect on supervisory board effectiveness. Furthermore, task conflicts have a mitigating, rather than a triggering, effect on relationship conflicts. Supervisory boards in education should therefore not avoid substantive discussions on the differences of opinion among their members to be more effective.
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Salman, Kautsar Riza, and Meilynda Kurniasari. "The Effect of the Sharia Supervisory Board Characteristics on Maqashid Sharia Index." International Journal of Islamic Business and Economics (IJIBEC) 4, no. 1 (June 30, 2020): 51. http://dx.doi.org/10.28918/ijibec.v4i1.2348.
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The purpose of this study is to obtain empirical evidence regarding the influence of the characteristics of the Sharia Supervisory Board on the maqashid sharia index on sharia banks in Indonesia. The variables used in this study are the characteristics of the sharia supervisory board and maqashid sharia index. The characteristics of sharia supervisory boards are the educational background of sharia supervisory boards, number of sharia supervisory board meetings, concurrent positions of sharia supervisory boards, and indicators of the number of sharia supervisory boards. The maqashid sharia index uses indicators of welfare (maal), education (tahdzib al fard), and justice ('adl). The data used are secondary data in the form of annual reports of Islamic banks in Indonesia for a 5 years period (2013-2017). The research sample of eleven Islamic banks. Data analysis technique used is Partial Least Square (PLS). The findings of the study were successful in proving the negative influence of the number and educational background of the sharia supervisory board on the maqashid sharia index.
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Kostyuk, Alexander N., Victoria Koverga, and Helen V. Kostyuk. "Board size and composition: The main tradeoffs." Corporate Board role duties and composition 2, no. 1 (2006): 48–54. http://dx.doi.org/10.22495/cbv2i1art5.
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The purpose of this research is to find the factors influencing size and composition of the supervisory boards in a transition economy with application to Ukraine. This paper is based on the research of 50 largest companies in Ukraine. Period of research is 1998-2005. Methodology of research is based on observations (the first stage) and questionnaires (the second stage). The research found that there is strong dependence of the size of supervisory boards in Ukraine on the degree of concentration of corporate ownership and origin of the controlling shareholder. Size of the company has a very conditional influence on the board size. Professional skills diversification as a fact that could contribute to the efficient work of the supervisory board is still very weakly developed in Ukraine. Particularly this concerns such expertise as auditing, finance, executive compensation. Experience of the supervisory board members in Ukraine is quite poor. Only 24 percent of members of supervisory boards have a five and more year experience as supervisory board members. the supervisory board members had the strong links with the company in the past as executives. Thus, about 74 per cent of members of the supervisory boards in Ukraine worked as executives of the same company at least during a year for the last ten years. This makes the negative impact on the independence of the members of the supervisory boards.
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Kulaha, E., and O. Melnychenko. "LEGAL STATUS OF SUPERVISORY BOARDS OF STATE-OWNED JOINT-STOCK COMPANIES." Bulletin of Taras Shevchenko National University of Kyiv. Legal Studies, no. 115 (2020): 35–40. http://dx.doi.org/10.17721/1728-2195/2020/5.115-8.
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The purpose of this work is to analyse the current state of regulation of the supervisory boards of joint stock companies in Ukraine, in particular the features of their work on state-owned enterprises. A review of the practical aspects of regulating the activities of supervisory boards of joint stock companies in Ukraine is made. By applying analytical methods the provisions of regulations in the field of corporate law the latest changes in the legal status of supervisory boards of joint-stock companies are studied, and their applicability to state joint-stock companies is assessed. In addition, these changes are compared with the provisions of international standards in the field of corporate governance of state-owned enterprises, in particular the standards of the Organization for Economic Cooperation and Development (OECD). The article deals, inter alia, with the concepts of "supervisory board", "state-owned enterprise", "fiduciary duties", as well as issues of transparency and integrity of the work of supervisory boards. In addition, the issues of the latest practice in the work of supervisory boards of state-owned joint stock companies and how the powers of the supervisory boards were exercised are considered. According to the results of the study, the current regulations are quite complex, inconsistent and contain internal contradictions, which, on the one hand, create risks for the effective exercise of powers by supervisory boards, and on the other hand, the risks of abuse by supervisory boards. The authors concluded that it is necessary to improve the legal framework governing the work of supervisory boards of state-owned joint-stock companies, generalize and unify practices on various issues of competence of supervisory boards, as well as provide certain criteria for compliance of supervisory board members with professional experience requirements in a particular field and with requirements of transparency about the absence of conflict of interest.
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Kostyuk, Alexander N. "Corporate board composition in an emerging market." Corporate Board role duties and composition 3, no. 3 (2007): 33–38. http://dx.doi.org/10.22495/cbv3i3art4.
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The purpose of this research is to find the factors influencing composition of the supervisory boards in a transition economy with application to Ukraine. This paper is based on the research of 50 largest companies in Ukraine. Period of research is 1998-2005. Methodology of research is based on observations (the first stage) and questionnaires (the second stage). Experience of the supervisory board members in Ukraine is quite poor. Only 24 per cent of members of supervisory boards have a five and more year experience as supervisory board members. The supervisory board members had the strong links with the company in the past as executives. Thus, about 74 per cent of members of the supervisory boards in Ukraine worked as executives of the same company at least during a year for the last ten years. This makes the negative impact on the independence of the members of the supervisory boards. Value of this paper is that it explains an influence of a broad range of factors on the board composition in transition economy.
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Gad, Jacek. "The Relationship Between Supervisory Board And Management And Their Communication Processes In Publicly Listed Companies In Poland." Comparative Economic Research. Central and Eastern Europe 18, no. 2 (June 16, 2015): 139–60. http://dx.doi.org/10.1515/cer-2015-0016.
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The focal point of this study is to present the results of empirical research concerning operation of supervisory boards in the practice of companies listed on the Warsaw Stock Exchange (WSE). The main subject of interest concerns two research areas: the character of the relationship between as well as the methods and tools employed in communications between a supervisory board and management. The research paper consists of theoretical concepts regarding the supervisory boards’ tasks and the relationship between a supervisory board and a management board. Moreover, another area of interests concerns legislative changes that, according to the author, have had a great influence on functioning of supervisory boards in the practice of WSE-listed companies. The conclusions presented in the paper have been formulated on the basis of a review of the literature, analysis of pertinent regulations, and a questionnaire survey of members of supervisory boards which was conducted in September, October and November 2011 (the data was obtained by means of postal surveys).
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Thuy, Dr Phan Thi Thanh. "The Role of Supervisory Board in Corporate Governance in Vietnam: From Legal Regulations to Practice." Revista Gestão Inovação e Tecnologias 11, no. 4 (July 22, 2021): 2546–63. http://dx.doi.org/10.47059/revistageintec.v11i4.2300.
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Good corporate governance is always associated with an effective internal control system, which is expected to quickly forecast and detect the infringements of laws and the company's charters committed by the main corporate governance bodies like the board of directors, the general director, and provide timely advice on remedial solutions. Following this theory, since the adoption of the first Vietnamese company law in 1990, the supervisory board, a special body of Vietnamese corporate governance structure, has formed and become a traditionally internal control body in joint-stock companies (JSCs). However, supervisory boards seem not to promote their effectiveness as expected. Many major violations conducted by the board of directors and the CEO took place in large companies, where the supervisory boards did not detect or were complicit in these violations. Most recently, the trend of replacing supervisory boards with independent directors and audit committees has occurred in many public companies in Vietnam. This paradox raises questions about the ineffectiveness of supervisory boards and the reasons causing the situation. To find the answers, the article will focus on analyzing the role of the supervisory board in Vietnamese JSCs compared with international practices. Thereby, to find out the reasons for the limitations of supervisory boards in both legal provision and practice. To conclude the research, the article will make some suggestions for reforming the supervisory board so that this internal control body could bring its effectiveness.
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Syahraini, Syahraini, Saparudin Siregar, and Sugianto Sugianto. "SHARIA BANK CORPORATE GOVERNANCE BASED ON MAQASHID SHARIA." International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) 1, no. 2 (December 26, 2021): 397–403. http://dx.doi.org/10.54443/ijebas.v1i2.138.
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This study aims to determine the effect of Good Corporate Governance as measured by the number of sharia supervisory boards, sharia supervisory board meetings, the number of boards of directors, board of directors meetings, the number of commissioners, board of commissioners meetings on the performance of maqashid sharia. The results of this study indicate that the variable meeting the board of directors has a significant effect on the performance of maqashid sharia. While the variable number of sharia supervisory board, sharia supervisory board meeting, number of board of directors, number of board of commissioners and board of commissioners meeting on maqashid sharia performance.
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Smitiukh, A. V., and V. S. Veremchuk. "GROUNDS FOR THE INVALIDATION OF THE RULINGS OF THE JOINT-STOCK COMPANY SUPERVISORY BOARDS IN THE LIGHT OF THE RECENT CASES OF THE SUPREME COURT." Constitutional State, no. 43 (October 26, 2021): 53–60. http://dx.doi.org/10.18524/2411-2054.2021.43.240976.
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The article presents the results of a study of the recent case law of the Supreme Court’s Economic Court of Cassation as for the grounds for invalidating the rulings of the joint-stock companies’ supervisory boards. Since the law does not define such grounds, the Supreme Court’s practice on this matter is crucial. It is concluded that the rulings of the joint-stock companies’ supervisory boards may be invalidated if there is a violation of the rights and legal interests of shareholders of the joint-stock company as well third parties. The specific grounds for the invalidation are highlighted in the article: excess of the powers by the supervisory board; the incompetence of its composition; failure to notify a shareholder on the appointment of a meeting of the supervisory board; lack of a quorum at a meeting of the supervisory board; other non-compliance with the requirements of legal rules governing the procedure for convening a meeting of the supervisory board and making decisions, if the aforesaid violation entailed the adoption of an incorrect act; violation by the ruling of the supervisory board of the rights and legal interests of shareholders or third parties. The authors propose to provide the above grounds for invalidation of the supervisory board’s ruling by the legislation. Also the ruling of the joint-stock company’s supervisory board made online (if the members of the board are outside the location of the company and the signing of the ruling does not take place on the day of the meeting is not a ground for invalidation of such a ruling.
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Samól, Katarzyna. "One- or Two-tier Board System? A Comparative Analysis of the British and Polish Systems of Corporate Governance." European Company Law 13, Issue 2 (April 1, 2016): 67–78. http://dx.doi.org/10.54648/eucl2016010.
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Corporate literature and practice reveal that neither the British one-tier nor the Polish two-tier board system is entirely safe for business participants. This article considers the implementation of a one-tier board system in Poland to be an alternative to the currently binding one, in addition to increasing the number of independent supervisors on supervisory boards.
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Binder, Bettina. "Women with STEM qualifications on supervisory boards. Does a high women quota in supervisory boards influence firm success?" European Accounting and Management Review 7, no. 1 (November 2020): 28–46. http://dx.doi.org/10.26595/eamr.2014.7.1.2.
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Many large companies in Europe include mainly men in supervisory boards and the women quota is often lower than 20 %. In Germany an optional women quota of 30 % in supervisory boards was proposed for capital market oriented companies in 2016. Some assume that without a gender quota the earnings of enterprises would shrink as male and female members in supervisory teams do not work in such a harmonized and structured way. Others think that a women quota in supervisory boards should be requested by law and should not remain optional. In this context, conducting research and analyzing the impact of the women’s presence in supervisory boards on the success of companies appear as a necessary topic. The present article looks at the companies of EURO STOXX 50 in the year 2015 and their success and tries to establish whether this success can be related to the percentage of female members in supervisory positions. It replicates in this way the study of Binder, Alonso-Almeida and Bremser (2016) which analyzed the relationship between female’s representation in the management board (executive board) and firm performance (measured by earnings before taxes – EBT) of the EURO STOXX 50 companies in 2014. It is in the same time an extension of the original study as the supervisory board is brought under scrutiny and a closer look at women qualifications, and especially women with STEM qualifications is provided.
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Haris, Abdul, Iskandar Muda, and Isfenti Sadalia. "The Influence of Independent Commissioners, Islamic Social Reporting, and Sharia Supervisory Board on Earning Management with Firm Size as a Moderating Variable in Sharia Commercial Banks in Indonesia." International Journal of Research and Review 10, no. 1 (January 12, 2023): 333–43. http://dx.doi.org/10.52403/ijrr.20230136.
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This study aims to determine whether independent commissioners, Islamic social reporting and sharia supervisory boards affect earnings management. This study also aims to determine whether firm size can moderate the relationship between independent commissioners, Islamic social reporting, and sharia supervisory boards on earnings management. The population used in this study are Islamic Commercial Banks registered with the OJK from 2013-2021. The sample selection was carried out using the purposive sampling method. The number of samples in this study was 14 Islamic Commercial Banks, so a total of 126 research observations could be obtained. Data processing was carried out using the EViews version 10 program. The results showed that: (1) Independent commissioners partially have no effect on earnings management, (2) Islamic social reporting partially influences earnings management, (3) Sharia supervisory board partially influences earnings management, (4) Firm size partially moderates the relationship between independent commissioners, Islamic social reporting, and sharia supervisory boards. Keywords: Independent Commissioner, Islamic Social Reporting, Sharia Supervisory Board, Firm size, Profit Management.
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Рыманов, Александр, and Aleksandr Rymanov. "IMPROVEMENT OF INDEPENDENT DIRECTORS INSTITUTION IN BANKING SECTOR." Russian Journal of Management 5, no. 2 (July 25, 2017): 151–56. http://dx.doi.org/10.12737/article_5953b8db3cec15.68188967.
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The article deals with problems of the institution of independent directors in the banking sector. The author analyses the activities of the independent directors, the requirements of regulators, stock exchanges to participation of independent directors on the Board of Directors (supervisory boards) of the banks. It is noted that the presence of independent directors in the Board of Directors (Supervisory Board) increases the objectivity of decisions. However, it is not feasible to perform the requirements of the banks on the high proportion of independent directors at the expense of excessive force. Analyzed international experience of independent directors in the banking sector, testifies to the ambiguous role of independent directors in various jurisdictions. National experiences of independent directors according to Sberbank and the rules of the Moscow Exchange presents on the application of uniform mandatory approach to participation of independent directors in the supervisory boards. It is proposed that the feasibility of increasing the participation of independent directors in the deliberations of the supervisory boards of banks.
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Larysa, NESKORODZHENA. "LEGAL REGULATION OF THE PARTICIPATION OF FOREIGNERS IN THE SUPERVISORY BOARDS OF STATE ENTERPRISES." Foreign trade: economics, finance, law 112, no. 5 (October 19, 2020): 57–70. http://dx.doi.org/10.31617/zt.knute.2020(112)06.
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Background. The draft law on the requirements for independent members of the supervisory boards of state-owned enterprises submitted by the People's Deputy of Ukraine makes it impossible for foreigners to participate in the supervisory boards of a state-owned enterprise. The main requirements in the bill are citizenship, age, period of residence in Ukraine and knowledge of the state language, but there are no professional requirements. In this regard, it is worth conducting a study on the participation of foreigners in the supervisory boards of state-owned enterprises. An analysis of recent research and publications has shown that, despite the existence of scientific achievements, an important scientific and practical problem of participation of foreigners in the supervisory boards of state-owned enterprises has not yet been fully explored. The purpose of the article – is the participation of foreigners in the supervisory board of state enterprises. Materials and methods. In the course of the research general and special methods of cognition of legal phenomena and processes were used: dialectical, system approach, formal-logical, generalization, comparative jurisprudence. The information base of the article is the constitutional, corporate and economic legislation of Ukraine, the decision of the Constitutional Court of Ukraine, the works of domestic scientists. Results. A study of current legislation, the practice of the Constitutional Court of Ukraine, scientific work on the participation of foreigners in the supervisory boards of state enterprises. According to the results of the study, the participation of foreigners in the supervisory boards of state enterprises is due to the need to disseminate the experience of effective corporate governance. Secondly, Ukrainian legislation does not prohibit the participation of foreigners in the supervisory boards of state enterprises. Thirdly, the participation of foreigners in the supervisory boards of state-owned enterprises does not pose a threat to Ukraine's national danger, as under certain conditions foreigners may even be admitted to state secrets. But information about the activities of a state-owned enterprise is not a state secret. Conclusion. The state is a guarantor of equal protection of all economic entities, regardless of ownership. All subjects of property rights are equal before the law in exercising their rights and obligations. In this regard, foreigners have the same rights and obligations as citizens of Ukraine. The appointment of foreigners to the supervisory board of a state unitary enterprise is not a threat to the national security of Ukraine. Information on the activities of such a state-owned enterprise is not information with limited access, on the contrary, state-owned enterprises are obliged to publish information on their financial and economic activities annually. There are no restrictions in the legislation of Ukraine on the appointment of foreigners to the supervisory boards of state unitary enterprises. It is impossible to agree with the proposals contained in the draft Law № 3487 of 15.05.2020 on the requirements for candidates for the position of an independent member of the Supervisory Board.
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Muhammad, Rifqi, and Hapsari Yuni Oktaviyanti. "Dampak Tata Kelola Bank Syariah Terhadap Kepatuhan Syariah Berbasis Maqashid Syariah." Wahana: Jurnal Ekonomi, Manajemen dan Akuntansi 23, no. 2 (August 31, 2020): 239–59. http://dx.doi.org/10.35591/wahana.v23i2.188.
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This study aims to determine the effect of Good Corporate Governance as measured by the number of sharia supervisory boards, sharia supervisory board meetings, number of board of directors, board of directors meetings, number of board of commissioners, board of commissioners meeting on the performance of sharia maqashid. The sample used in this study is Full-fledge sharia banks in Indonesia based on sharia banking statistics published by the Financial Services Authority as of July 2019. The study was conducted based on an analysis of 72 annual reports and GCG reports obtained from 12 Sharia Commercial Banks in 2013 - 2018. The results of this study indicate that the variables of the board of directors' meeting significantly influence the performance of the Maqashid syariah. While the variable number of sharia supervisory boards, sharia supervisory board meetings, number of board of directors, number of board of commissioners and board of commissioners meeting on maqashid syariah performance.
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Hilb, Martin. "Self-and external evaluation of supervisory boards." Corporate Board role duties and composition 2, no. 1 (2006): 23–32. http://dx.doi.org/10.22495/cbv2i1art2.
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Objective, systematic and useful Supervisory Board performance reviews, both individually and collectively, are becoming more and more recommended by national corporate governance guidelines (as well as new EU recommendations). In this paper, the author portrays two evaluation tools which he has actually developed and implemented with success in Supervisory Boards.
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Badarin, Abdalla. "Shari'a Supervisory Legislation on Islamic Banks in Jordan: Reality and Hope." مجلة إسرا الدولية للمالية الإسلامية 8, no. 2 (December 25, 2017): 119–47. http://dx.doi.org/10.55188/ijifarabic.v8i2.276.
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This study reviews and evaluates the banking legislation regarding Shari’ah supervision of Islamic banks in Jordan to determine the positive and negative aspects and to suggest proposals to improve its level. The study found a number of positive aspects to the legislation; however, it suffers from the following: not paying sufficient attention to diversity in the members' academic qualifications, failing to clarify the mechanism of the Shari’ah board’s work at various stages, shortcoming in the requirements for realizing its independence, not determining the maximum number of memberships of a member in other financial institutions’ boards, not specifying the relationship between the Shari’ah supervisory board and the internal Shari’ah audit, not dealing with inadequate Shari’ah supervisory board performance of duties and how to treat the possible effects of that inadequacy. The study recommended granting national institutions such as the central bank or General Iftaa' Department the powers of appointment and dismissal, determining the remuneration of members, requiring members to fully devote themselves to this function, placing a limit on the number of boards that any person can be member of at the same time, and placing the internal Shari’ah audit under the supervision of the Shari’ah supervisory board.
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Triasari, Devi, and Francesco De Zwart. "The Legal Reform Policy on the Shariah Supervisory Board Role’s in Indonesian Shariah Banks." BESTUUR 9, no. 2 (November 24, 2021): 113. http://dx.doi.org/10.20961/bestuur.v9i2.55173.
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<p>As Muslim majority country, Indonesia experiences the mushrooming of banks based on Islamic values (called shariah banking). The existence of sharia banking is followed by legal policies intended to support the progress of the business sector, including regulations regarding the Sharia Advisory Board, but the question is whether the policy is effective in the development of sharia banking in Indonesia. Adherent to that context, this study aims to examine the issues faced by the Sharia Supervisory Board in Indonesia. This article argues that there are at least fifth substantial problems related to the policies of the Sharia Supervisory Board in Indonesia, namely: (1) not all Shariah Supervisory Boards in Islamic business units have supported by a strong legal basis on which their operations are inducted to; (2) members of the Shariah Supervisory Board are appointed mostly based on their charisma and popularity in society, not of their knowledge and experience in related field; (3)ideally Shariah Supervisory Board must have recognized the banking system before becoming Shariah Supervisory Board, but the basic knowledge is not easy to understand when entering on technical issues; (4) many Shariah Supervisory Boards are not focused on shariah banks supervision duty because of their multi profession; (5) lack of advice related to product innovation and social needs issues</p>
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الحياني, أحمد سيف نعمان. "The Role of Fatwa and Shari'a Supervisory Boards in Controlling the Transactions of Islamic Banks: A Study in Shari’a and the Yemeni law." Journal of Social Studies 24, no. 4 (February 27, 2019): 57–87. http://dx.doi.org/10.20428/jss.v24i4.1476.
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The transactions of Islamic banks have recently received significant attention which indicated no difference between Islamic banks and other traditional banks in terms of financial transactions. This study aimed to identify the concept, names, importance and goals of the Fatwa and Shari'a Supervisory Board in Islamic banks as well as to assess its work in light of Shari'a and the Yemeni law; and to identify the components and functions of the Board and each component’s role in the control of Islamic banks transactions. To achieve these objectives, the inductive comparative method was used where possible. Results revealed that there are various definitions for the Fatwa and Shari'a Supervisory Board suggested by scholars, but there is no comprehensive definition. Many scholars and specialists have indicated that there should be no separation or difference between the Fatwa Boards and Shari'a Supervisory boards in Islamic banks. In reality, the job of Shari'a Boards revolves around two main roles: Fatwa and Shari'a Supervision. Yemeni Islamic Banks Law stipulates that each Islamic bank shall have a Shari'a Supervisory Board, the members of which should be qualified and their number is fixed. The law does not indicate the manner of members’ appointment but that should be defined in the statutes of the bank. It also provides for the establishment of a unit in the Central Bank to supervise the banks licensed under this law. The number of members of this unit and the conditions of their appointment are not defined although the Law stipulates providing this unit with training and development to ensure its performance to the fullest.
Keywords: Shari'a Fatwa Board, Shari'a Supervisory Board, Yemeni Islamic Banks Law, Components of Fatwa and Shari'a Supervisory Board, Shari'a Reference.
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Shvets, Yu I. "BANKS’ SUPERVISORY BOARDS: COMPARATIVE LEGAL ANALYSIS OF THE LEGISLATION OF UKRAINE AND GERMANY." Economics and Law, no. 3 (October 22, 2020): 43–51. http://dx.doi.org/10.15407/econlaw.2020.03.043.
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The article is devoted to a comprehensive study of German legislation regarding the right regulation of the work of supervisory boards of joint stock companies — banks. During the writing of the article, the main legislative acts of Germany, the current version of which was published on the official website of the Federal Ministry of Justice and Consumer Protection (Bundesministeriums der Justiz und für Verbraucherschutz), were studied and analyzed, as well as scientific articles by German scientists and practitioners. Corporate legislation of Germany is compared with the legislation of Ukraine regarding the legal regulation of the activity of banks, which are joint stock companies. It is established that the banking activity should be performed by a legal entity in the form of a joint stock company. The two-tier system of governance with supervisory boards and executive boards, as well as a clear division of powers of management and control between these bodies, must be mandatory for banks. Suggestions were made on the possibility of electing not only shareholders and independent directors, but also other bank stakeholders, to the Supervisory Boards, in particular the election of employees, trade unions and, as a consequence, strengthening the influence of the labor collective on the management of the company. Emphasis is placed on the existence in German corporate law of provisions allowing the election, in certain cases, of members of the supervisory boards in court for the application of the list of persons defined by law. It is concluded that such practice is not practicable in Ukraine at this time due to the lack of speed of court proceedings and the possibility of unfair actions to influence the joint stock company on this basis. It is proposed to provide a mechanism for appealing the decisions of the Supervisory Board by the company Executive Board. The implementation of these innovations could strengthen the system of checks and balances in the management of the bank, namely to ensure mutual control of the supervisory board and the executive board of the bank, as well as to make it impossible (to prevent) the possibility of making decisions that could lead to negative consequences in the activity of the bank. There are a number of other statements and suggestions that can be used in further legislative work to improve the legal regulation of corporate governance in Ukraine.
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Froneberg, Dennis, Florian Kiesel, and Dirk Schiereck. "Impact of supervisory board members’ professional background on banks’ risk-taking." Corporate Ownership and Control 13, no. 1 (2015): 1210–27. http://dx.doi.org/10.22495/cocv13i1c10p8.
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This paper examines the impact of financial expertise of supervisory board members on the risk-return profile of 200 German regional cooperative banks during the period 2004–2009. The results show that with more financial expertise the bank performance does not improve, but bank risk increases. These findings induce concerns that mandating financial expertise on boards is not necessarily beneficial for the risk-return profile of regional banks. We suggest that overconfidence of entrepreneurs in the supervisory boards leads to this unfavorable development since they represent the largest fraction of professionals within the sample.
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Duller, Christine. "Corporate Governance Of Family Firms In Subsequent Generations." International Business & Economics Research Journal (IBER) 12, no. 3 (February 19, 2013): 345. http://dx.doi.org/10.19030/iber.v12i3.7677.
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This paper addresses the differences in corporate governance regarding generations of Austrian and German family businesses. Generations differ from each other significantly with respect to the percentage of non-family executives in management boards. The existence of a supervisory board differs between founder and subsequent generations, but it turns out that with transfer of ownership to subsequent generations, there is no noticeable trend concerning the percentage of non-family members in supervisory boards. Thus, this study demonstrates the importance of a comprehensive and profound analysis of generation-specific characteristics.
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Sandra Alves. "Accounting Conservatism and Board Characteristics: Portuguese Evidence." International Journal of Business and Society 22, no. 3 (December 17, 2021): 1346–62. http://dx.doi.org/10.33736/ijbs.4305.2021.
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For a sample of 26 non-financial listed Portuguese firms-year from 2002 to 2016, this study extends previous research by empirically examining how board structure affects the magnitude of accounting conservatism for companies listed in Portugal. Mainly, we focus on the main characteristics of the board structure that are highlighted by the Portuguese Securities Market Supervisory Authority’s recommendations: board size, board composition, board’s monitoring committees and number of board meeting. This study predicts and finds a non-linear relationship between board size and conservatism. Specifically, we find that as board size increases up to 8 members, the sample firms employ more conservatism, consistent with the idea that smaller boards can be more effective than larger boards in monitoring managerial behaviour. When board size reaches beyond 8 members, a negative relationship between board size and conservatism accounting occurs. We also find that both boards comprised of more non-executive members and high board meetings frequency lead firms to report more conservatively.
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Bozhinov, Viktor, Jasmin Joecks, and Katrin Scharfenkamp. "Gender spillovers from supervisory boards to management boards." Managerial and Decision Economics 42, no. 5 (February 17, 2021): 1317–31. http://dx.doi.org/10.1002/mde.3311.
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Kostyuk, Alexander N. "A practitioner’s research: Director remuneration in Ukraine." Corporate Board role duties and composition 2, no. 2 (2006): 37–42. http://dx.doi.org/10.22495/cbv2i2art4.
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Remuneration of members of the supervisory boards in Ukrainian joint-stock companies is the most controversial issue of the corporate board practices. Despite the firm belief of the shareholders that the director remuneration is one of the most important factors influencing the board performance, there are still many companies (21 per cent) where directors are not remunerated for their work on the supervisory board. This report examines practices of the director’s remuneration in Ukraine.
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Barwacz, Kazimierz. "Curiosities of the owner's supervision in communal firms - the problems of the business model." Problems of Economics and Law 2, no. 1 (June 18, 2019): 1–12. http://dx.doi.org/10.5604/01.3001.0013.2556.
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<b>Aim of the study:</b> The aim of the article is an identification of problems of the in commercial code company’s of the municipal sector with special returning the attention to the attitude of supervisory boards towards challenges standing before present problems of municipal sector. <br/><b>Materials and methods:</b> For the achievement of the objective of the study own examinations were used with the application of the questionnaire of the interview which let at the stage of the synthesis, to get adequate results in the research process. <br/><b>Results:</b> The analysis of the results allowed for formulating of conclusions, concerning classification of areas of cooperation of supervisory boards and board of directors these companies. The accepted investigative techniques made possible the exhibition of differences in the approach to each areas of the cooperation. <br/><b>Conclusions:</b> A preference area in relations of the baulk a supervisory boards and board of directors these communal companies, the elaboration of a business model adequate to present problems of companies.
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Rosenbohm, Sophie, and Thomas Haipeter. "German board-level employee representation in multinational companies: Patterns of transnational articulation." European Journal of Industrial Relations 25, no. 3 (February 21, 2019): 219–32. http://dx.doi.org/10.1177/0959680119830558.
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We investigate codetermination on German supervisory boards of multinational companies and pose two questions. First, under what conditions does board-level representation constitute a power resource for employee representatives? Second, how does board-level representation articulate with European Works Councils? We conclude that factors related to corporate structure – head office location, the level at which supervisory boards are established – play a decisive role in determining the power resources available to employee representatives. Articulation with European Works Councils depends on the adoption of a strategic approach whereby German employee representatives deploy the power resources derived from national codetermination rights at the transnational level, or use the mechanisms of transnational employee representation to compensate where such national power resources are lacking.
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Li, Yongqing, Ian Eddie, and Jinghui Liu. "Boards characteristics, audit committee, external auditor and earnings management: Chinese evidence." Corporate Ownership and Control 8, no. 1 (2010): 197–209. http://dx.doi.org/10.22495/cocv8i1c1p4.
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This study investigates the effect of two-tier board characteristics, audit committee, and external auditors on earnings management in China. This study contributes to the empirical literature of corporate governance in China that remarkably differs from the Anglo-Saxon structure in terms of boards’ features and auditing. Using a sample of 622 listed Chinese company-years, this study finds that independent directors on the board of directors are negatively related to earnings management while employee supervisors on the supervisory board are not related to earnings management. The results of empirical analysis also show that the presence of audit committees and the brand auditors are negatively associated with earnings management. Finally, the relationship between qualified audit opinions and the level of earnings management are examined. The results show that qualified audit opinion is associated with a higher level of earnings management. Implications of these findings are discussed with regard to the characteristics of corporate governance and auditing settings in Chinese listed companies. In particular, higher proportion of independent directors on the board can improve the quality of reported earnings. However, it indicates that the role of supervisory board to restrain earnings management is limited with the increase of employee members. In addition, the existence of an audit committee improves the quality of reported earnings. Moreover, external audit play a monitoring role in mitigating earnings management in Chinese listed companies.
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Glinkowska, Beata, and Bogusław Kaczmarek. "Classical and modern concepts of corporate governance (Stewardship Theory and Agency Theory)." Management 19, no. 2 (December 1, 2015): 84–92. http://dx.doi.org/10.1515/manment-2015-0015.
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Summary The main issues in efficiency of a company as an organisation are relations between the Supervisory Board and the Management Board of a company, and the methods of functioning of Supervisory Boards in governance systems of a company. The classical and modern approach to the role, place, and importance of corporate governance presented in this article, is yet another prompt to continue searching for the optimum in the organisational, economical, and social meaning.
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Laouer, Radhoine. "Supervisory board process: Evidence from French public hospitals." Health Services Management Research 31, no. 3 (June 25, 2018): 163–77. http://dx.doi.org/10.1177/0951484818780767.
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We mobilize theories of corporate governance and the theory of the social psychology of decision-making small groups to understand the operational process of the public hospital supervisory board. More precisely, we empirically test the mediation relationship of the decision-making process (effort norms, use of knowledge and skills, and conflict cognitive) between its structure (size, the composition, and diversity) and the performance of its roles (strategy, control, and service). A total of 320 questionnaires coming from members of the French public hospital supervisory board were collected. The aggregation of these individual answers generates a sample of 159 public hospital supervisory boards. The results of the tests of the assumptions of the research model confirm the fact that the structure of the supervisory board does not influence the performance of its roles. However, supervisory board effort norms positively affect the performance of its roles positively. Only effort norms and the use of knowledge and the skills partially play the role of mediator between the supervisory board structure and the performance of its roles. Practical and theoretical implications are exposed in the discussion.
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Bezemer, Pieter-Jan, Stefan Peij, Laura de Kruijs, and Gregory Maassen. "How two-tier boards can be more effective." Corporate Governance 14, no. 1 (January 28, 2014): 15–31. http://dx.doi.org/10.1108/cg-02-2013-0018.
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Purpose – This study seeks to explore how non-executive directors address governance problems on Dutch two-tier boards. Within this board model, challenges might be particularly difficult to address due to the formal separation of management boards' decision-management from supervisory boards' decision-control roles. Design/methodology/approach – Semi-structured interviews and a questionnaire among non-executive directors provide unique insights into three major challenges in the boardrooms of two-tier boards in The Netherlands. Findings – The study indicates that non-executive directors mainly experience challenges in three areas: the ability to ask management critical questions, information asymmetries between the management and supervisory boards and the management of the relationship between individual executive and non-executive directors. The qualitative in-depth analysis reveals the complexity of the contributing factors to problems in the boardroom and the range of process and social interventions non-executive directors use to address boardroom issues with management and the organization of the board. Practical implications – While policy makers have been largely occupied with the “right” board composition, the results highlight the importance of adequately addressing operational challenges in the boardroom. The results emphasize the importance of a better understanding of board processes and the need of non-executive directors to carefully manage relationships in and around the boardroom. Originality/value – Whereas most studies have focussed on regulatory initiatives to improve the functioning of boards (e.g. the independence of the board), this study explores how non-executive directors attempt to enhance the effectiveness of boards on which they serve.
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Ziegler, Dieter. "«Bankenmacht», «Verwaltungsherrschaft», «Aktionärsdemokratie»?" Zeitschrift für Unternehmensgeschichte 65, no. 1 (March 4, 2020): 33–64. http://dx.doi.org/10.1515/zug-2019-0007.
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Abstract«Bankenmacht», «Verwaltungsherrschaft», «Aktionärsdemokratie»? On the problem of management control in German stock corporations 1870 to 1931The liberalization of stock company law in Prussia and the North German Confederation respectively as well as the abolition of state concessions as a prerequisite for the formation of a joint-stock company led to a debate about the means of control regarding joint-stock companies. The new stock company law instituted supervisory boards as a controlling body, as a mandatory «contracted general assembly», but did not elaborate on a clear definition of their duties. Yet, since the end of the so called «Gründerboom» in 1873, it became more and more apparent that the supervisory boards failed to provide adequate supervision. The law was amended in 1884 accordingly, in order to increase the supervisory boards’ means of control over the executive board. Subsequently, many joint-stock companies developed an oligarchic power structure, which cut down on shareholder protection rights. Banks were heavily involved in this process due to their voting rights as «inside shareholders», but by no means would it be suitable to label this as «Bankenherrschaft».
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Vutt, Andres, and Margit Vutt. "Duties and Liability of the Members of the Supervisory Board of Limited Companies in Estonia: The First Cases from the Supreme Court of Estonia." Juridica International 26 (November 13, 2017): 66. http://dx.doi.org/10.12697/ji.2017.26.07.
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Similarly to German law, Estonian company law provides two-tier management for all public limited companies. Legal regulation of the liability of members of the management board and supervisory board is the same, and therefore the question arises of whether there is any difference in liability between members of different boards. The Estonian Supreme Court recently made two decisions regarding the liability of members of the supervisory board. The main research question of the article is ‘what is the scope of the duties of the supervisory board in comparison to the duties of the management board, and how does the difference in duties affect the liability?’ As the main task of the supervisory board is to exercise supervision, the question is what the actual standard of supervision is. The main conclusions in the article are that the Supreme Court of Estonia has not given an answer to the question about the standard for the liability of members of the supervisory board and leaves open many other important questions about boundaries of their duties.
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Kostyuk, Alexander N. "Supervisory board in an emerging economy: Meetings of the board." Corporate Board role duties and composition 2, no. 3 (2006): 41–45. http://dx.doi.org/10.22495/cbv2i3art5.
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It should note and take into account the dual structure of the boards in Ukraine, i.e. supervisory and management board and the process of the separation of ownership and control in Ukraine that still lasts as the result of privatization of the state property the supervisory board practices in the part of the board meetings are very unique and need a very thorough classifications before its investigating. Moreover, the legislation development in Ukraine is very weak from the point of view of the putting the various board practices in order. From this perspective we apply the following criteria to investigate the supervisory board meeting practices in Ukraine: Frequency of the meetings; The meeting duration; The meeting agenda; The meeting place; The meeting time; The meeting openness; Information.
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Azizah, Jumainii, and Erinos NR. "Pengaruh Dewan Komisaris, Komite Audit, Dan Dewan Pengawas Syariah Terhadap Kinerja Perbankan Syariah." JURNAL EKSPLORASI AKUNTANSI 2, no. 1 (March 4, 2020): 2554–69. http://dx.doi.org/10.24036/jea.v2i1.229.
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This study aims to determine and analyze the influence of the Board of Commissioners, the Audit Committee and the Sharia Supervisory Board on the Performance of Sharia commercial banks Empirical studies on Sharia commercial banks in 2014-2018 both simultaneously and in part. The data analysis method used is panel data regression analysis. Using a purposive sampling method to get a sample of 10 Islamic banks from 12 Islamic banks. Based on the results of the study note that the board of commissioners, audit committees, sharia supervisory boards simultaneously affect the performance of Islamic banks. But partially, the board of commissioners, audit committee, sharia supervisory board did not affect the performance of Islamic Banks in Islamic Banking in 2014-2018.
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Piaszczyk, Artur. "AUDIT COMMITTEES IN STRUCTURES SUPERVISORY BOARD - SEVERAL YEARS EXPERIENCE." sj-economics scientific journal 13, no. 2 (August 30, 2014): 94–101. http://dx.doi.org/10.58246/sjeconomics.v13i2.432.
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The article examines the current state of functioning of audit committees within the framework of the supervisory boards of public companies, so companies that are statutorily obliged to create such committees. According to research presented in the article, only about 40% public companies formed audit committees. The remaining 60% of the entities have benefited from their capabilities to set when the board of directors consists of not more than five members - they are called small boards. In such a situation, the entire board of directors takes over the duties and responsibilities of the audit committee. According to the author of this paper, audit committees in Poland are unnecessary. The very fact that they have no decision-making powers, but only advisory and consultative causes are seen as unnecessary, and their activity does not bring any added value.It should also be emphasized that a legal duty has been the establishment of audit committees in Poland imposed by EU legislation, which causes further their duration is inevitable.
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Joecks, Jasmin, Kerstin Pull, and Katrin Scharfenkamp. "Perceived roles of women directors on supervisory boards: Insights from a qualitative study." German Journal of Human Resource Management: Zeitschrift für Personalforschung 33, no. 1 (July 19, 2018): 5–31. http://dx.doi.org/10.1177/2397002218783925.
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The (under-)representation of women on corporate boards is much debated among the public as well as in academia. In our exploratory article, we contribute to the literature by investigating women directors’ perceived roles by interviewing female as well as male board members and by employing the critical incident technique to address potential problems of social acceptancy. In the perception of board members, women directors fulfil three roles: they widen the boards’ perspectives and thus act as (unique) experts, they objectify discussions and they act as mediators.
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Saiynov, Muratbek, and Gulbarshyn Dyussengalieva. "The Benefits of Implementing Supervisory Board in the Healthcare System of Kazakhstan." Journal of Health Development 2, no. 37 (2020): 37–42. http://dx.doi.org/10.32921/2225-9929-2020-2-37-37-42.
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Abstract In order to increase the competitiveness and efficiency of medical organizations, is the implementation of the OECD Corporate Governance Principles. At the moment, most of the medical organizations of Kazakhstan are transferred to state enterprises on the basis of economic management with supervisory boards. Key words: medical organization, corporate governance, state-owned enterprises on the right of economic management, supervisory board, rating score, levels of assessment of corporate governance
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Barbić, Jakša. "Odgovornost članova nadzornog odbora za štetu počinjenu dioničkom društvu." Zbornik Pravnog fakulteta u Zagrebu 72, no. 1-2 (June 1, 2022): 11–80. http://dx.doi.org/10.3935/zpfz.72.12.01.
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The paper systematically elaborates on the liability of supervisory board members. Although the supervisory board members do not manage the business of the company, their role is important because they make sure that the company’s business is conducted in a way that is acceptable to all stakeholders of the company. At the same time, their responsibility is based on the same principle as the responsibility of the members of the management board who manage the company's business activities. Such responsibility stems from their fundamental obligation to undertake all their activities in the company’s interest. Foremost, the paper analyses the standard of care required from the supervisory board members in performance of their duties, with special reference to the role of supervisory board members in the parent company and in the supervisory boards of subsidiaries in the concern. Subsequently, the paper analyses the effects of business judgment rule application which protects the free entrepreneurial judgment of the supervisory board members. This is followed by analysis of issues relating to the conflict of interest of the supervisory board members and the breach of the trade secret. Afterwards, the paper deals more elaborately with the request for compensation of damages to the supervisory board members. More precisely, the paper analyses issues relating to the question against which supervisory board member can such request be made, conditions for establishing their liability for damages and enforcement of such request. Paper also analyses issues pertaining to the company’s waiver of that request as well as the possibility of concluding a settlement between the company and the supervisory board member. Ultimately, the responsibility for the exploitation of influence in the company is elaborated upon.
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Mrozek, Jacek Janusz. "PRAWNO-ADMINISTRACYJNE DETERMINANTY FUNKCJONOWANIA RADIOFONII I TELEWIZJI W POLSCE." Civitas et Lex 20, no. 4 (December 31, 2018): 29–42. http://dx.doi.org/10.31648/cetl.2923.
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This article is an attempt at defining legal and administrative determinants of broadcasting in Poland. The author has undertaken an analysis of the statutory tasks and system of broadcasting companies, including their executive (management boards), supervisory (supervisory boards) and advisory and consultative bodies (programme boards). He also provides details concerning the statutory requirements for the appointment and dismissal of the National Broadcasting Council and its principles of operation and rulemaking, with particular reference to several dozen regulations governing the media market in Poland.
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Kacanski, Slobodan. "Structure behind principles: social selection mechanisms in corporate governance networks." Corporate Governance: The International Journal of Business in Society 20, no. 1 (October 23, 2019): 87–105. http://dx.doi.org/10.1108/cg-02-2019-0063.
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Purpose The purpose of this study is to show that social relations in a corporate governance platform between members of supervisory boards and between members of supervisory and executive board tiers can serve as an alternative viewpoint for understanding mechanisms of social selection in corporate governance networks. The study shows that through the lenses of social network analysis, it is possible to identify and understand how the process of corporate governance member selection unfolds within companies and how that selection process may have been potentially influenced by the cross-board relations, such as interlocking directorships. Design/methodology/approach To estimate network parameters and attribute effects of network tie emergence, this study has used exponential random graph models (ERGMs) on corporate governance data of Danish publicly listed companies. Econometric models are applied to estimate parameter statistics which serve further to explain tendencies of tie emergence. Findings The results of this study reveal that the process of selection of both supervisory boards and executive directors is interdependent. Also, the study showed that board members are more likely to select popular supervisory board members and top managers who have their expertise gained through multiple companies affiliated with multiple industries. However, these conditions for CEO selection apply only to the extent to which they have their experience gained from multiple companies but not multiple industries. Originality/value On one hand, this study demonstrates that being a dynamic practitioner who is exposed to diverse corporate environments by being affiliated with different companies belonging to different industries generally increases practitioners visibility in the corporate governance network, and therefore their attractiveness to boards of directors. On the other hand, the results show that the research on board assemblage, nowadays, should be rather observed through the methodology of social network analysis as the method gives an opportunity to understand structures through relations, from which the executive tier should not be exempted as well.
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Singh, Val, Sébastien Point, and Yves Moulin. "French supervisory board gender composition and quota threat: changes from 2008 to 2010." Gender in Management: An International Journal 30, no. 7 (October 5, 2015): 551–71. http://dx.doi.org/10.1108/gm-07-2015-0065.
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Purpose – The purpose of this paper is to explore how an environmental threat (possible quotas for female supervisory directors) might change supervisory board gender composition in SBF120 French company boards between 2008 and 2010. Design/methodology/approach – From a census of supervisory board membership of SBF120 companies in France in January 2008 and December 2010, data were obtained to test hypotheses relating to changes in gender composition of boards and demographic differences between new and earlier director appointees. The authors drew on institutional theory to inform the discussion of this paper’s findings. Findings – The authors reveal significant increases over 2008-2010 in SBF120 board female representation and significant cohort differences between recent and earlier appointees. Newer female appointees differed from male peers and from earlier appointed females and males, bringing youth and international experience. New females were more likely to gain CAC40 seats than their male peers. There was an increase in boards with multiple female directors. Research limitations/implications – Actual motivations for increase in female appointments are unknown, but institutional theory provides possible explanations, as suggestion of coercive forces loomed. Chairmen of larger firms may have made strategic choices to attract younger and English-speaking foreign women, before the rush. Limitations include the descriptive nature of the paper, but it sets a benchmark for later studies to monitor progress in depth. Practical implications – The talent pool for female directors has widened to include foreign English-speaking women, bringing a range of new insights and experience of international governance practice to traditional French boardrooms. However, this could be seen as further discriminatory practice that requires female appointees to bring more human and social capital than that required of their male peers. Originality/value – This is the first paper charting the changes in supervisory board composition during the three-year period of environmental unrest as quotas were proposed and legislated in France and comparing new and existing cohort French director demographics.
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Joni, Joni, Jahja Hamdani Widjaja, Maria Natalia, and Ivan Junius Salim. "The value of political independent supervisory boards: Evidence from Indonesian dual board setting." ACRN Journal of Finance and Risk Perspectives 10, no. 1 (2021): 128–38. http://dx.doi.org/10.35944/jofrp.2021.10.1.008.
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We investigate whether political independent supervisory boards (political I-SBs) help companies to reduce their corporate risks in the setting of Indonesian two-tier board system. This study is different from other studies in several ways. First, while most prior studies examine the effectiveness of independent boards in one-tier board setting, we use dual board system. This system promotes the strategic role of political I-SBs. Second, we use two measures of corporate risks: operating and market risks. Based on 1,176 firm-year observations for operating risk analysis and 1,254 firm-year observations for market risk analysis, we find that firms with political I-SBs have lower operating and market risks than firms with non- politically connected independent SBs. We also control for endogeneity problem using GMM (Generalized Method of Moments) method, and the results are still consistent.
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Budiyono, Iwan, and Chansera Kista Sabilla. "Analysis of The Influence of Audit Committee, Sharia Supervisory Board, and Islamic Work Ethic on The Quality of Sharia Bank Financial Statements in Indonesia." AL-ARBAH: Journal of Islamic Finance and Banking 3, no. 1 (April 30, 2021): 99–110. http://dx.doi.org/10.21580/al-arbah.2021.3.1.8066.
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Purpose - This study aims to analyze the influence of audit committees, sharia supervisory boards, and Islamic work ethic on the quality of islamic bank financial statements in Indonesia.Method - The method in this study used Multiple Linear Regression Analysis with SPSS software tools.Result - Based on the results of this research, simultaneously the audit committee, sharia supervisory board, and Islamic work ethic have a significant influence on the quality of islamic bank financial statements in Indonesia. Meanwhile, in part, the audit committee and islamic work ethic have no significant effect on the quality of islamic bank financial statements in Indonesia. SSB partially affects the quality of islamic bank financial statements in Indonesia.Implication - This study uses the data from Islamic bank financial statement in Indonesia, audit committees, sharia supervisory boards, Islamic work ethic.Originality - The data was taken with the dissemination of questionnaires distributed to 30 respondents. The respondents were a reflection of the members of the audit committee and SSB who were qualified as students of sharia banking polytechnic state of semarang who had received islamic bank audit courses.
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Ofiarska, Małgorzata. "Ewolucja pozycji prawnej kolegium regionalnej izby obrachunkowej." Prawo 327 (June 11, 2019): 155–73. http://dx.doi.org/10.19195/0524-4544.327.9.
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Evolution of the legal status of the Boards of Regional Accounting ChambersRegional Accounting Chambers, established in 1992 and operating since 1993, are a supervisory body that serve as a regulator of local government units with regard to financial matters. Over the 25-year period, the scope of the Chamber’s duties and tasks has been continuously expanded. This fact has significantly affected the legal status of the Board of the Chamber, which is the only body managed by the Chairman of the Chamber. The legal status of the Board of the Chamber is defined by formal statutory requirements set for candidates aspiring to be members of the Board, the competition procedure in force and the fact that they are appointed by the Prime Minister at the request of the Chamber’s Chairman. Members of the Chamber’s Board enjoy legal protection as public officers when it comes to the tasks executed, though they are independent with regard to supervisory and control functions. The abovementioned statutory privileges should affect positively the judicial and consultative practice of the Boards of Regional Accounting Chambers.
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Elfita, Rizki, and Heni Agustina. "LUAS PENGUNGKAPAN TATA KELOLA PERUSAHAAN PADA BANK SYARIAH DI INDONESIA." Business and Finance Journal 5, no. 2 (October 30, 2020): 101–12. http://dx.doi.org/10.33086/bfj.v5i2.1778.
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The purpose of this study is to empirically test the influence of the size of Islamic banks, Muslim board of director proportion, and sharia supervisory boards on the broad disclosure of corporate governance. The population in this research is a sharia banking company in Indonesia in 2015 to 2018 with a total of 44 company data. The sample was selected using a purposive sampling method. The data used in this study were analyzed using multiple linear regression analysis. Multiple linear regression analysis was carried out with the help of SPSS 25.0 software. The results of the study showed that there were 41 data samples of sharia bank companies in Indonesia that met the criteria of purposive sampling which assigned in this research. The results of this research prove that the size of Islamic banks, Muslim board of director proportion, and sharia supervisory boards were positively influenced the broad disclosure of corporate governance.
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Mutmainah, Siti. "TATA KELOLA DAN RISIKO BANK SYARIAH DI INDONESIA PERIODE 2008-2016." JURNAL AKUNTANSI DAN AUDITING 14, no. 2 (August 5, 2018): 172. http://dx.doi.org/10.14710/jaa.14.2.172-194.
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This study investigates the effect of corporate governance on Islamic bank’s risk in Indonesia during 2008-2016. The bank’s governance consists of board of commissioner (including risk control committe and audit committee), management, and sharia supervisory board. Because of the existence of these boards is a mandatory, hence this research focus on the amount of members and meetings in each board and committee. Results show that the amount of meetings held by management and risk control committee negatively influence the financing risk. This research implies the Islamic banks to strenghten their governance to control their banks’ risk. This research also recommends Central Bank and National Sharia Board to be more effective in performing its supervisory function.
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Mutmainah, Siti. "TATA KELOLA DAN RISIKO BANK SYARIAH DI INDONESIA PERIODE 2008-2016." JURNAL AKUNTANSI DAN AUDITING 14, no. 2 (August 5, 2018): 172. http://dx.doi.org/10.14710/jaa.v14i2.19776.
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This study investigates the effect of corporate governance on Islamic bank’s risk in Indonesia during 2008-2016. The bank’s governance consists of board of commissioner (including risk control committe and audit committee), management, and sharia supervisory board. Because of the existence of these boards is a mandatory, hence this research focus on the amount of members and meetings in each board and committee. Results show that the amount of meetings held by management and risk control committee negatively influence the financing risk. This research implies the Islamic banks to strenghten their governance to control their banks’ risk. This research also recommends Central Bank and National Sharia Board to be more effective in performing its supervisory function.