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Volume :46 Issue : 177 2020      Add To Cart                                                                    Download

Perceptions of Concerned Parties about Corporate Governance and Business Ethics in Kuwaiti Banks.

Auther : Dr. Khaled O. Alotaibi - Dr. Ibraheem A. Mubarak - Dr. Salah S. Alhammadi

Study Purpose: This study aims to explore both corporate governance (GC) and business ethics (BE) practices in Kuwaiti Islamic and conventional banks and the relationship between CG and BE, using an accountability framework.
Study Methodology: Using a questionnaire survey method, this study examines the perceptions of key stakeholder groups who are connected to Kuwaiti banks like bank employees (clerks), clients, and regulators regarding BE and CG then it probes the difference between applying the two in conventional and Islamic banks.
Study Data Sample: A random sample of relevant parties was applied on 272 participants varied in experience, scientific efficiency, and age.
Study Findings: The study revealed that the main concern is not the absence of CG, but rather the lack of its consistent enforcement. Participants underlined the need of strict implementation of Kuwaiti banks governance and adopting conclusive measures to protect all concerned parties' wealth, not only that of stockholders. What also drew attention was banks' client's high expectations concerning implementing CG standards and BE practices.
Research Implications: This study provides some important implications for managers, policymakers, and foreign investors. Managers can use it to develop optimal CG and BE strategies based on their clients' expectations. Regulators can develop governance mechanisms in Islamic Banks (IBs) based on both clients' and employees' stances which affirmed the importance to embed CG and BE practices. Moreover, establishing CG and BE practices will also attract foreign investment which in turn promotes economic welfare.

Keywords: Corporate Governance (GC), Business Ethics (BE), Islamic Banks, (IBs) Conventional Banks (CBs), Accountability.

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Oct 31, 2021

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