Internal Corporate Governance Mechanism: A Review


  • Norwazli Abdul Wahab Faculty of Industrial Management, Universiti Malaysia Pahang, Malaysia
  • Noraina Mazuin Sapuan Faculty of Industrial Management, Universiti Malaysia Pahang, Malaysia
  • Omonov Akrom Abdinazarovich Department of Banking, Tashkent Financial Institute, Republic of Uzbekistan



Corporate Governance, Financial Statement Fraud, Board Independence, Audit Committee


Corporate governance (CG) is a comprehensive term that incorporates many distinct facets. Because of numerous financial scandals, public knowledge of CG has increased significantly, particularly in emerging countries like Malaysia. The effectiveness of organizations' adherence with CG legislation and standards is still in question, resulting in numerous incidents of accounting fraud. Furthermore, both internally and externally, company performance is contingent on the effectiveness of Corporate Governance procedures. The purpose of this study is to examine the determinants of internal corporate governance mechanisms and the affect towards financial statement fraud. A comprehensive study of the literature on corporate governance mechanism is carried out. Finally, new lines of research are identified for future study.

Author Biographies

Norwazli Abdul Wahab, Faculty of Industrial Management, Universiti Malaysia Pahang, Malaysia

Norwazli Bt Abdul Wahab is currently a Senior Lecturer at Faculty of Industrial Management, Universiti Malaysia Pahang (UMP). She obtained her PhD from Universiti Teknologi MARA (UiTM). She completed her Master of Business Administration in Finance, Bachelor of Accountancy (Hons) and Diploma in Accountancy from Universiti Teknologi MARA (UiTM). She has experience working in the industry as an account and finance executive. Her research areas include corporate governance, corporate social responsibility, corporate financial performance, financial planning and risk management.

Noraina Mazuin Sapuan, Faculty of Industrial Management, Universiti Malaysia Pahang, Malaysia

Dr.  Noraina  Mazuin  Sapuan is currently the Head of Technical and a  Senior  Lecturer in the Faculty of  Industrial  Management,  University  Malaysia  Pahang, Malaysia. She graduated with  Doctor of  Philosophy  (Economics)  from  Universiti  Malaysia  Terengganu  (UMT). She completed  her undergraduate  and  Master  degree  at  Universiti  Kebangsaan  Malaysia  (UKM)  majoring in  Applied Economics and Public Policy and Islamic Economics, respectively. Her research areas are Applied Macroeconometrics, Financial Economics, Sustainable Development Goals (Micro / Macro), Environmental Economics, Islamic Banking and Finance and Personal Financial Planning. 

Omonov Akrom Abdinazarovich, Department of Banking, Tashkent Financial Institute, Republic of Uzbekistan

Prof. Dr. Omonov Akrom Abdinazarovich is currently Chair of the Department of Banking, Tashkent Financial Institute. His research area is in banking and finance, and he teaches in those fields at the tertiary level. He also had a decade of experience working at the Central Bank of the Republic of Uzbekistan. 


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How to Cite

Abdul Wahab, N. ., Sapuan, N. M., & Omonov Akrom Abdinazarovich. (2022). Internal Corporate Governance Mechanism: A Review. Journal of Governance and Integrity, 5(2), 237–248.



JGI Vol. 5 Issue 2, July 2022