Abstract
Purpose – This study investigates the impact of the three main determinants of strengthening the sustainability practices of the oil and gas public listed companies of Bursa Malaysia (PLCs) through the Business Model, Sustainability and Technology synergistically compared between pre and post Malaysian Code of Corporate Governance 2017 (MCCG 2017).Design/methodology/approach – The study has followed the purposive sampling method followed by descriptive statistics, regression analysis and content analysis derived from the Malaysian Code of Corporate Governance 2012 (MCCG 2012) and the MCCG 2017 together with previous studies of the analysis of the annual reports and integrated reports in order to explore the reporting of the business model, sustainability and technology as a synergy.
Highlights
Corporate scandals in the past have affected organizations, industries, employees’ welfare state and the country’s economy adversely leading to an overall unsustainable economic and social landscape
Purpose – This study investigates the impact of the three main determinants of strengthening the sustainability practices of the oil and gas public listed companies of Bursa Malaysia (PLCs) through the Business Model, Sustainability and Technology synergistically compared between pre and post Malaysian Code of Corporate Governance 2017 (MCCG 2017)
The top 30 Malaysian Oil and Gas PLCs on Bursa Malaysia reflects that they are focused on increasing their public reputation by disclosing more on the Technology and Sustainability components, demonstrating their achievements over the years to the shareholders and stakeholders through the disclosures through the annual reports and integrated reports
Summary
Corporate scandals in the past have affected organizations, industries, employees’ welfare state and the country’s economy adversely leading to an overall unsustainable economic and social landscape. Enron and WorldCom collapsed in 2002 resulted in the total closure of the organization in the US together with their offices worldwide, resulting in the loss of employment, and the loss of employee pension funds which eventually lead to the global financial crisis in 2007-2008 (Zahid & Ghazali, 2015; Toffler & Reingold, 2004). A diversified intervention should be present among the upper echelons to encourage a more intellectual discourse and sharing of knowledge and experiences in order to bring about a more positive implementation of the sustainability agenda throughout the organization benefitting the global and local economy, society and environment in the process
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