Resumee: The purpose of this research is to analyse some key issues in corporate governance in Islamic banks. This governance has been analysed almost exclusively in the context of conventional banking markets. Islamic banking shows a fundamental departure from conventional banking. Our objective is also to compare corporate governance in Islamic banking firms in both the (GCC) countries and Southeast Asia countries (SAC). Moreover, this study investigates the effects of the relevant corporate governance variables of the financial performance of the Islamic banks. It focuses on a sample of 67 Islamic banks (42 Islamic banks in GCC countries and 25 Islamic banks in (SAC)) during the 2004–2012 period. Our investigation reveals that the board's fee, CEO duality and age positively and significantly affect the performance of Islamic banks. In contrast, the Shari'ah Supervisory Board characteristics do not have an impact on the financial performance of the Islamic banks.
Extrated from http://inderscience.metapress.com/content/4m1g407804744362/
The dividend distribution agreement
is an act of equity disposal in that it recognizes a right in favor of the
partners, and carries a reduction in the
assest of the company. It may be subject
to revision if it is adopted two years
before thebankruptcy declaration
and it lacks justification from the perspective of the interests protected in bankruptcy
law. TS decision no. 428/2014, of 24July.
Dividends of a company subsequently
declared bankrupt may constitute an act of disposal of equity harmful to the company:
it was agreed without due justification, thus violating Company Law ...
if the distribution agreements was "irregular"
because it was based entirely or
partially in nonexistent net benefits,
or because it was agreed without respecting legal and statutory rules on reserves,
or without due account of the provisions
of art. TRLSA 213 (current art. 273 TRLSC).