Corporate governance of public sector in emerging economies: Case of Brunei Darussalam

Yapa, P 2010, 'Corporate governance of public sector in emerging economies: Case of Brunei Darussalam', in Nancy Bagranoff (ed.) Proceedings of the Global Thought Leadership: American Accounting Association 2010, Annual Meeting and Conference on Teaching and Learning in Accounting, San Francisco, USA, 31 July - 1 Aug 2010, pp. 1-41.


Document type: Conference Paper
Collection: Conference Papers

Title Corporate governance of public sector in emerging economies: Case of Brunei Darussalam
Author(s) Yapa, P
Year 2010
Conference name Global Thought Leadership: American Accounting Association 2010, Annual Meeting and Conference on Teaching and Learning in Accounting
Conference location San Francisco, USA
Conference dates 31 July - 1 Aug 2010
Proceedings title Proceedings of the Global Thought Leadership: American Accounting Association 2010, Annual Meeting and Conference on Teaching and Learning in Accounting
Editor(s) Nancy Bagranoff
Publisher American Accounting Association
Place of publication New York, USA
Start page 1
End page 41
Total pages 41
Abstract The objective of this paper is to examine how the public sector corporate governance in Brunei Darussalam - a member of ASEAN - is embedded in country's political and economic environment. Specifically,the misappropriation of billions of public funds in 1997 led to serious financial problems and ultimately to the fact that a substantial portion of the country's financial resources, controlled by the Royal family, had been dissipated through individual profligacy. Consequently, the Brunei Government made various efforts to examine the economic crisis and to find options for future financial recovery. This paper critically examines the corporate governance structure in Brunei Darussalam. The findings of this study provide evidence of the importance of considering the institutional influences in successful adoption of proper goverance in Brunei.
Subjects Auditing and Accountability
Keyword(s) public sector
corporate governance
Brunei Darussalam
financial management
WTO
IMF
Copyright notice Copyright 2010 American Accounting Association
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