...The relationship between management and shareholders is sometimes referred to as an Agency Relationship, in which managers act as agents for the shareholders, using delegation powers to run the affairs of the company in the best interest of the shareholders. Since the agent and the manager may have different value of the company to perform agency relationship share prices.When a manager hires an agent to carry out specific tasks, the hiring is be called principal agent relationship, or simply an agency relationship. When a conflict of interest between the needs of the principal and those of the agent arises, the conflict is called an agency problem.In financial markets, agency problems occur between the stockholders and corporate managers .While the stockholders call on the managers to take care of the company, the managers may look to their own needs first. It should be stressed that most severe conflict of interest exists between shareholders and managers . This situation exists despite the rights of shareholders to manage the company by participating and they may also sell the shares that they own and put their company at risk of being taken over, For example, if managers hold none or very little equity shares of the company they work for, what is to stop them from working inefficiently, not bothering to look for profitable new investments opportunities, or giving themselves high salary or perks and managers avoid problems stemming from reductions in employment levels...
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...Maxis Bhd 30.92% Binariang Satellite System MEASAT Broadcast Network 100% Tanjong Plc ASTRO Overseas Ltd 100% 67% Impian Klasik (Menara Maxis) 50% Pan Malaysian Pools 100% Uniclic Ltd 75% Powertek Bhd 100% Tropical Island Asset Mgmt (Germany) TGV Cinemas Source : Annual Reports 2009 : Bursa Announcements : MSWG Tracker : Malaysian Business,2009 : StarBiz The next update will be in June 2010. Tan Sri Quek Leng Chan 52.9% 71.4% 71.3% 66.4% 45.6% Hong Leong Financial Group Bhd 25.30% Hong Leong Industries Bhd Guoco Group Ltd (HK) Hume Industries Bhd Tasek Corp Bhd 5.1% 64.2% 61.6% 65.2% 40.5% Hong Leong Bank Bhd 75.0% Malaysian Pacific Industries Bhd Guocoland Ltd (Singapore) 65.0% Southern Steel Bhd 61.60% Kencana Petroluem Bhd 1.3% HLG Capital Bhd Guocoland (M) Bhd 55.7% Narra Industries Bhd 13.1% Petra Perdana Bhd GuocoLeisure Ltd 8.01% Bank of East Asia Source : Annual...
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...and shareholders could influenced the development of business practices throughout the ideas of what constituted a modern workplace were first beginning to take shape. A stronger integration of social responsibility into business strategy emphasizes responsible employment practices and HR’s strategic role in communicating, protecting and maintaining business values. According to Uddin et al. (2008) social responsibility to employees extends beyond terms and conditions of the formal contract of employment. Table 1 presents the results of the analysis of the human resources related activities. The framework had fifteen disclosable items relating to human resources activities. Table 1: Selected CSR practices | CIMB Bank | | Maybank | | Public Bank | | Hong Leong Bank | Supporting local talent development | / | | / | | / | | / | Communication and engagement between management and employees | / | | / | | / | | / | Competitive remuneration (include benefits on medical and health care) | / | | / | | / | | N/A | Recognition on high performance (opportunities to performing employees) | / | | / | | / | | N/A | Thriving on workforce diversity (gender, ethnicity, culture, religion) | / | | / | | / | | N/A | Provide learning facilities | / | | / | | / | | / | Corporate scholarship and sponsorship schemes | / | | N/A | | N/A | | N/A | Nurturing future generations (training, development and leadership) | / | | / | | / | | / | Employee work-life...
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...FACULTY OF ACCOUNTACY, FINANCE AND BUSINESS BACHELOR OF ORPORATE ADMINISTRATION (HONOURS) BBBD 3014 CORPORATE GOVERNANCE COURSEWORK ONE ACADEMIC YEAR 2015/2016 KUA YUN XIN 13WBR09901 3RCA10 (SEMESTER 3) WORD COUNT: 4200 WORDS TITLE: GENDER DIVERSITY OF BOARD COMPOSITION IN MALAYSIAN BANKING INDUSTRY PLAGIARISM STATEMENT & MARK SHEET Bachelor of Business (Honours) in Corporate Administration YEAR 3 ACADEMIC YEAR 2015/2016 BBBD3014 CORPORATE GOVERNANCE Coursework I PLAGIARISM STATEMENT I, Name: Kua Yun Xin Registration Number : 13WBR09901 Signature: confirm that the submitted work is my own and is in my own words. 3RCA Tutorial Group10 Semester 3 Date: 15 July 2015 MARKING SCHEME | % | | | | Maximum | | Evaluation of frameworks, values and governance practices of listed company or companies in the Malaysian context | 30 | 30 | | Application of knowledge and analytical skills relating to legal compliance, best practices and guidelines for achieving business and governance goals | 10 | 10 | | Synthesis, implementation and development of strategies in achieving world-class governance | 20 | 20 | | Total | 60% | 60 | | Tutor’s Comments: ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………...
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...YOUR TM BILL Page 1 of 5 Telekom Malaysia Berhad (128740-P) Level 51, Menara TM, 50672 Kuala Lumpur GST ID: 000084049920 TAX INVOICE Customer Name Account No : NURUL HIDAYATI BINTI MUFLICH Bill Date Payment Due Date 1023817172 19 AUG 2015 Credit Limit: RM 447.00 Deposit (RM) Bill No 09 SEP 2015 000868669912 0.00 ACCOUNT SUMMARY Previous Charge Previous Balance Payment -Thank You RM 199.55 -199.55 Current Charge RM Recurring Charges 188.00 Usage Charges 0.15 GST Total Amount Outstanding 0.00 11.29 Total Current Charges Total Amount Rounding Amount Total Amount to be Paid 199.44 199.44 0.01 199.45 Starting from 11 SEPTEMBER 2014, the bill payment period has been changed to 21 days. For more details, refer to announcement page. GST credit adjustments will be given to usages not subjected to tax prior to April 2015. GST debit adjustments will be billed for services utilised after 1 April 2015. These adjustments are being reflected in your current month's tax invoice. For the current charges, kindly remit them before or on the due date stated on your bill. For payment via post, please attach this slip with crossed cheque payable to 'Telekom Malaysia Berhad' and state account no with total payment at the back of the cheque. PAYMENT SLIP ©1023817172®®®®00000199.4519082015751%¬ Account No Bill No NURUL HIDAYATI BINTI MUFLICH D-09-04 FLR 9 BLOK D APARTMENT JALIL DAMAI JLN 14/155C BANDAR BUKIT JALIL 57000 KUALA LUMPUR WILAYAH PERSEKUTUAN 1023817172 000868669912...
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...technology, from the era of mobile phones and gadgets, Internet-based communities and social networks. So, this trend makes Gen Y see technology as a key component of complete lifestyle including banking system. This generation tends to communicate with technology because their own character is far different from existing customers they want banks to provide different avenues and strategies to attract them to use the service. Gen Y prefer to financial advice more than the previous generation. Good quality services or technology will make them can get financial advisory services, no matter where they are and increase the merger process that requires decisions and transactions. Mobile phones are becoming increasingly sophisticated, more capable of handling and use of banking services. For banks that provide this solution as it will become a favourite among Gen Y customers Satisfaction is the one factor that influences generation Y to get related with financial services. Once they satisfied, they will immediately trust with organization. Therefore, one of the banks had produce new brand to make them full of satisfaction. Hong Leong Bank produce new brand to attract generation Y with focus on rapidity because they knew that Gen Y like a service that full of speed. Instead of satisfaction, they also choose to select products or services based on desired benefits whether from functional benefit, symbolic benefit and experiential...
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...COMPARISONS OF SALAM AND ISTISNA’ – ISLAMIC BANKS IN MALAYSIA AND BAHRAIN BANK (S) | SALAM | ISTISNA’ | | MALAYSIA FULL-FLEDGED ISLAMIC BANKS | Bank Islam Malaysia Berhad | Nil | Disclosed in the Notes to the Financial Statements – Financing, Advances and Others | Bank Muamalat Malaysia Berhad | Nil | Disclosed in the Notes to the Financial Statements – Financing of Customers | | MALAYSIA ISLAMIC BANKING SUBSIDIARIES | Affin Islamic Bank Berhad | Nil | Only mentioned in the Directors’ Report | Alliance Islamic Bank Berhad | Nil | Nil | AmIslamic Bank Berhad | Nil | Nil | CIMB Islamic Bank Berhad | Nil | Nil | Hong Leong Islamic Bank Berhad | Nil | Nil | Maybank Islamic Berhad | Nil | Nil | Public Islamic Bank Berhad | Nil | Nil | RHB Islamic Bank Berhad | Nil | Disclosed in the Notes to the Financial Statements – Financing and Advances | | MALAYSIA FOREIGN COMMERCIAL BANKS – ISLAMIC SUBSIDIARIES | HSBC Amanah Malaysia Berhad | Nil | Nil | Standard Chartered Saadiq Berhad | Nil | Nil | OCBC Al Amin Bank Berhad | Nil | Nil | | MALAYSIA FOREIGN ISLAMIC BANKS | Al Rajhi Banking and Investment Corporation Berhad | Nil | Nil | Kuwait Finance House Berhad | Nil | Disclosed in the Notes to the Financial Statements – Financing, Advances and Other Receivables (by contract) | Asian Finance Bank Berhad | Nil | Nil | | BAHRAIN ISLAMIC BANKS | ABC Islamic Bank - Arab Banking Corporation | Nil | Nil | Al Baraka Islamic Bank | Disclosed in the Notes to the Consolidated...
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...Floor Casa Tiara Service Apartment is next to Carrefour. Few shop next to 7-11 near main road. Tel: 03-5611 2132 Opening Hours Mon-Fri 09:30-20:30 Sat 09:30-16:30 Sun Closed Show map ------------------------------------------------- P 05A, Empire Shopping Gallery, Jalan SS16/1, 47500 Subang Jaya, Selangor Same floor with Money Exhange and MyNews - carpark entrance Tel: 03-5022 2181 Opening Hours Mon-Fri 10:00-22:00 Sat 10:00-22:00 Sun 10:00-22:00 Show map ------------------------------------------------- No 25, Jalan Anggerik Vanilla N31/N Kota Kemuning 40460 Shah Alam (Same row & 2 shops away from Hong Leong bank) Tel: 03-5124 8600 Opening hours Mon-Fri 09:00-20:00 Sat 09:00-17:00 Sun Closed Show map No 51-G, Jalan USJ 10/1 47620 Subang Jaya (Shoplot - next to RHB Bank in USJ, Taipan; opposite Paparich Kopitiam) Tel: 03-5634 9331 Opening hours Mon-Thu 09:00-21:00 Fri 09:00-20:00 Sat 09:00-14:00 Sun Closed Show...
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...INVESTMENT BANK Definition:- Investment bank is a financial institution that assists individuals, corporations, and governments in raising capital by underwriting and or acting as the client's agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services (fixed income instruments, currencies and commodities). Investment banks do not take deposits. There are two main lines of business in investment banking. Trading securities for cash or for other securities (e.g. facilitating transactions, market-making), or the promotion of securities (e.g. underwriting, research, etc.) is the "sell side", while buy side is a term used to refer to advising institutions concerned with buying investment services. Private equity funds, mutual funds, life insurance companies, unit trusts, and hedge funds are the most common types of buy side entities. An investment bank can also be split into private and public functions with an information barrier which separates the two to prevent information from crossing. The private areas of the bank deal with private insider information that may not be publicly disclosed, while the public areas such as stock analysis deal with public information. List of the bank: 1) CIMB Investment Bank Berhad 2) RHB Investment Bank Berhad 3) Alliance Investment Bank Berhad ...
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...“MALAYSIAN BANKS REDUCING STAFF” This article in the Star Online, business news on 17 September 2015 by Yvonne Tan and Wong WeiShen are on the subject of Malaysian banks reducing staff. In Malaysia, banking industry plays a major role in providing financial services not only to an organization also to an individual. Introduction of the article is not very clear, it should straightforward and easy understand to reader, an introduction by authors written a sense of urgency among banks to become more cost-efficient amid the current challenging landscape, with the focus on reducing their workforce to an optimal level can be difficult to understand by non financial background reader. In the article, authors provide a good information about the action and strategies taken by the Malaysian banks to keep sustain and competitiveness. To support the action taken by the banks, authors also provide source from independent credit research and advisory services which is good to have third party opinion and analysis. According to RAM’Rating, a softer economic outlook was most likely the main reason for cutting down on staff. and the softer earnings outlook amid a challenging economic environment with slower loans growth and continued margin compression. On the other hand, Affin holdings Bhd mentioned a rightsizing exercise was identified as a necessary measure towards generating synergies from the merger to reduce headcount for positions which are redundant, arising from the merger...
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...Golden Screen Cinema is the leading cinema exhibitor and it is also the largest cinema in Malaysia. GSC is a subsidiary of PPB group. PPB group is appearing on market the stock exchange of Malaysia. It is a group with benefit in environment engineering, waste management, entertainment property, food industries and utilities. GSC has a total of 191 screens in 23 locations nationwide, which include Klang Valley, Penang, Sungai Petani, Ipoh, Seremban, Melaka, Johor Bharu, Kuantan and Kota Kinabalu. GSC operates Malaysia’s first-ever boutique cinema with only Gold Class and Premiere Class halls and also introduce digital 3-D films and digital 2-D films. This company also launched a customized co-branded credit card in 2009. For example, Hong Leong credit card and paypal have such function to process online transaction for online purchase ticket. Besides that, GSC launch a mobile application which is GSC Mobile App especially for iPhone & Android phone that enables movie-goers to purchase tickets via m2u mobile, PayPal account or “RHB Now” (Android only) on their smart phones. Customers can enjoy “ticketless” option by scanning the 2D barcode on the screen of their smart phones at the selected cinema checkpoints. TGV TGV Cinemas is formerly known as Tanjong Golden Village. It is the second largest cinema chain in Malaysia. The largest competitor of this cinema is Golden Screen Cinema. This cinema was opened since 1995 at Petaling Jaya, Kuala Lumpur. The cinema currently has 16...
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...An Overview of the Malaysian Banking Sector FINA0501 ASIAN FINANCIAL INSTITUTIONS TERM PAPER LEE JUNHONG, JEREMY 2010540826 I. Introduction Malaysia has been an important player in the Asian economy since the early days of independence, and even before that, as a British protectorate. It is currently the third largest economy in Southeast Asia, and is the 28th largest economy in the world in terms of purchasing power parity according to the World Bank. Malaysia has also successfully diversified its role by focusing her economy on both the traditional sphere of primary agricultural produce as well as being a hub for light manufacturing in consumer durables and electronics. Strong economic planning and farsighted vision by both the government and central bank has been instrumental in maintaining a strong growth rate of her economy; her combined year on year growth since independence in 1957 has averaged 6.6%, which is no doubt a stellar record and one of the highest in Asia. The financial institutions and their functions have been instrumental in this success, and this paper will strive to highlight the strengths and weaknesses, as well as a general overview of the Malaysian banking sector. I. Historical background The earliest beginnings of the banking sector in Malaysia dates back to the early 19th Century under British influence and the expatriate (mainly British) merchant communities. The Straits Settlements comprising of Singapore, Malacca and Penang were administered...
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...Appendix 1 The recession was caused by the global financial crisis. Source: http://www.mas.gov.sg/about_us/annual_reports/annual20082009/4.html “The global economy plunged into its worst recession in the post-war period late last year, as key segments of the financial system seized up and trade collapsed.” Appendix 2 Appendix 3 Source: http://www.asiaone.com/Business/News/Story/A1Story20110218-264111.html “The Ministry of Trade and Industry (MTI) released final figures yesterday showing that the economy expanded 14.5 per cent last year, reversing a 0.8 per cent decline in 2009.” The Singapore economy started to display signs of moderation in the middle of last year after the exceptionally strong recovery. While the external outlook, particularly in the US, has improved, final demand in the developed economies is expected to remain fairly modest at this juncture. In comparison, the outlook for Asia ex-Japan economies is more positive. While growth in the region will likely slow from last year, it should continue to be supported by firm domestic demand. Alongside the maturing of the global inventory restocking cycle, the domestic manufacturing sector is likely to see slower growth this year in line with the pace of end demand in the key export markets. Construction activity will also decelerate, with the completion of mega projects such as the integrated resorts. As such, services will play a larger role in driving economic activity this year, underpinned by ...
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...Bond Law Review Volume 15 Issue 1 Special Issue: Comparative Corporate Governance 7-1-2003 Article 13 Corporate Governance in Malaysia Kamini Singam Recommended Citation Singam, Kamini (2003) "Corporate Governance in Malaysia," Bond Law Review: Vol. 15: Iss. 1, Article 13. Available at: http://epublications.bond.edu.au/blr/vol15/iss1/13 This Article is brought to you by the Faculty of Law at ePublications@bond. It has been accepted for inclusion in Bond Law Review by an authorized administrator of ePublications@bond. For more information, please contact Bond University's Repository Coordinator. Corporate Governance in Malaysia Abstract This article examines the corporate governance system in Malaysia. A sound corporate governance system should help create an environment conducive to the efficient and sustainable growth in the Malaysian corporate sector. Since the Southeast Asian financial crisis in 1997 – 98 (‘financial crisis’), corporate governance has become a key policy issue confronting many Southeast Asian countries, including Malaysia. This article considers the distinctive problems of corporate governance in Malaysia, despite several steps for reform that have taken place since the financial crisis. There will be a brief discussion on the meaning of corporate governance and an overview of the present status of corporate governance in Malaysia, in particular after the financial crisis. Keywords corporate governance, Malaysia, Southeast Asian financial...
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...Crisis in year 1997. CIMB bank, as a major player in this industry, has faced a lot of challenges from local and international. As a growing bank in that time, CIMB bank has struggled hardly to become the best financial institution in Malaysia. In recent years, the government has liberalized the banking industry, which allows more foreign financial institutions to start their business here. This has increased the level of competition within the industry and in fact, has affected the position of CIMB bank as one of the leading banks in local market. Owing to certain problems mentioned above, we have chosen CIMB bank as the topic to perform in-depth research and analysis on the organization. Our main objective is to advise the Board of Directors of CIMB bank on the impact and implications of current developments and challenges on its organization and make appropriate recommendations to ensure the continued relevance, competitiveness and growth of the organization. CIMB bank has many retail branches across the ASEAN and operates under several corporate entities such as CIMB Investment Bank, CIMB Islamic, CIMB Securities International and etc. Besides, CIMB bank business model basically covers several areas which are Consumer Banking, Insurance & Takaful, Corporate & Institutional Banking and CIMB Thai. (CIMB, 2012) The vision of the CIMB bank is to be the Premier Investment Bank in Malaysia post liberalisation and deregulation. Mission of CIMB bank is investing in our people...
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