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Financial Misreporting and Corporate Governance Lapses: A Deep Dive Into the 1MDB Scandal in Malaysia

Mohamad Zreik (Independent Researcher, Lebanon)

EISBN13: 9798369330852|DOI: 10.4018/978-1-6684-9867-5.ch009

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Abstract

This chapter investigates the 1Malaysia Development Berhad (1MDB) controversy by analyzing the system of financial misreporting that allowed for the large misuse of funds and the roles and duties that were overlooked. Cultural, sociological, and political contexts that exacerbated the problem are examined. This chapter elucidates the effects of the scandal on the Malaysian economy, the reactions of various stakeholders, and the lessons it offers for corporate governance. Finally, corrective measures like new regulations and institutional shifts are discussed to drive home the point that strong corporate governance is essential to the success of businesses and the economy as a whole.

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Financial Misreporting and Corporate Governance Lapses: A Deep Dive Into the 1MDB Scandal in Malaysia

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OnDemand PDF Download Download link provided immediately after order completion	$33.75 List Price: $37.50
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