Corporate governance and risk management: An evaluation of board responsibilities in western and Islamic banks

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2024-03-29 DOI:10.18559/ebr.2024.1.1004

Bchr Alatassi, Rekha Pillai

引用次数: 0

Abstract

This research aims to explore the role of the board in cor-porate governance (CG) and risk management within the context of Islamic banking. Given the global reach of fi-nancial institutions, it is important to compare and evalu-ate 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.

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公司治理与风险管理：西方和伊斯兰银行董事会责任评估

本研究旨在探讨伊斯兰银行业董事会在公司治理（CG）和风险管理中的作用。鉴于伊斯兰金融机构遍布全球，比较和评估伊斯兰教法委员会或伊斯兰教法监事会（SSB）在应对伊斯兰银行独特风险方面的独特地位非常重要。通过比较分析，本研究评估了英国、德国、沙特阿拉伯和马来西亚企业管治准则中的风险管理指导方针。研究发现，无论治理结构如何，董事会都对风险管理负有最终责任，与伊斯兰教法相关的风险属于董事会的职权范围。西方企业管治框架与伊斯兰原则的创新融合，通过董事会与 SSB 之间的战略合作增强了管治的稳健性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.