2023
DOI: 10.4018/978-1-6684-9867-5.ch009
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Financial Misreporting and Corporate Governance Lapses

Mohamad Zreik

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 r… Show more

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Cited by 2 publications
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