Corporate Governance and Risk Management: an Evaluation of Board Responsibilities in Western and Islamic Banks

• Autorzy: Bchr Alatassi , Rekha Pillai
• Języki publikacji: EN

Abstrakty

EN

This research aims to explore the role of the board in corporate governance (CG) and risk management within the context of Islamic banking. Given the global reach of financial institutions, it is important to compare and evaluate the unique position of Shari'ah committees or Shari'ah Supervisory Board (SSB) in addressing the unique risks of Islamic banks. Using a comparative analysis, this study evaluated risk management guidelines in the CG codes of the United Kingdom, Germany, Saudi Arabia, and Malaysia. It found that board were ultimately responsible for risk management, regardless of the governance structure, and Shari'ah-related risks fell under the board's purview. An innovative blend of Western CG frameworks and Islamic principles enhanced governance robustness through the strategic collaboration between board and SSBs. (original abstract)

Słowa kluczowe

EN

Corporate governance; Islamic banking; Risk management; Islam finance; Management standards

PL

Ład korporacyjny; Bankowość islamska; Zarządzanie ryzykiem; Finanse islamskie; Standaryzacja zarządzania

• Czasopismo: Economics and Business Review
• Rocznik: 2024
• Tom: 10 (24)
• Numer: nr 1
• Strony: 125--152

Twórcy

autor

Bchr Alatassi

• Bournemouth University, UK

autor

Rekha Pillai

• British University in Dubai

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Identyfikatory

DOI

https://doi.org/10.18559/ebr.2024.1.1004