What is it about?
The study attempts to explore both corporate governance (GC) and business ethics (BE) practices in Kuwaiti banks and the relationship between CG and BE, using an accountability framework. By examining the perceptions of key stakeholder groups, this study investigates the practices of BE and CG in Islamic banks (IBs) compared to conventional banks (CBs).
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Why is it important?
We have employs a questionnaire survey method of a random sample of crucial relevant stakeholder groups. The empirical analysis of the participants’ perceptions highlights the importance of applying CG regulations and BE for Kuwaiti banks and the clear link between the two concepts.
Perspectives
We find that the main concern is not the absence of CG and BE codes, but it is the lack of consistent enforcement of the regulations. Such a system needs to be strictly and effectively implemented in Kuwaiti banks to protect all stakeholders’ wealth not only stockholders’ wealth. There are significant patterns in the CG and BE expectations among different stakeholder groups. Most interestingly, banks’ client groups illustrate high expectations concerning CG and BE practices.
Dr. Salah Alhammadi
Gulf University for Science and Technology
Read the Original
This page is a summary of: Perceptions Of Concerned Parties About Corporate Governance And Business Ethics In Kuwaiti Banks, January 2020, Kuwait University,
DOI: 10.34120/0382-046-177-012.
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