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when it accounts for all its impacts, costs and performance measures, whether economic, social or environmental. It can alert that cases like Enron and Worldcom to happen again. For example current or potential employees of companies are able to assess the companies’ objectives and plans for the human resource management within their companies. This information will definitely help in their decision making process.

Malaysia has demonstrated an increasing awareness of corporate social responsibility in recent years. The emergence of non-governmental organizations (NGOs) such as the Consumer Association of Penang (CAP), the Federation of Malaysia Consumers Association (FOMCA) and the UN Global Compact in Malaysia has contributed towards this awareness. While there is yet to be any statutory requirement in Malaysia for public-listed companies (PLCs) to disclose information relating to their CSR activity, the launch of a CSR Framework by Bursa Malaysia in September 2006 provides useful guidance for Malaysian PLCs to help them implement reporting on CSR.

This initiative has definitely added a valuable dimension to the revised listing requirements of the Kuala Lumpur Stock Exchange (KLSE) that require disclosure of information that has the potential to influence the financial performance of a company. The issuance of the Malaysian Code on Corporate Governance in March 2000 also sent a clear and strong message about the importance and urgency of being an accountable and responsible corporate entity. The Malaysian Accounting Standards Board (MASB) has also incorporated a new standard that makes explicit reference to environmental reports and value-added statements in encouraging companies to present additional information if management believes they will assist users in making economic decisions (ACCA, 2003).

Corporate social responsibility disclosure can be enhanced through comprehensive corporate governance mechanism (Shahin and Zairi, 2007; Zairi, 2000). This is also concurred in the Cadbury Report (1992), which stated that a higher standard of corporate governance could be reflected through improvement in the quality of financial reporting. Shahin and Zairi (2007) believe that business entity responsibility towards a society needs can be enhanced through appropriate corporate social responsibility initiative and disclosure, which is achieved by strong leadership characterised in effective corporate governance. Thompson and Zakaria (2006) point out that polite persuasion from regulatory bodies alone is not enough to improve the level of corporate social responsibility disclosure without a strong drive from top governance of business entities.

3.1 Corporate Social Responsibility Disclosure in Malaysia.

The Bursa Malaysia CSR framework (Bursa Malaysia, 2006) was designed to deliver sustainable value to society at large. Corporate Social Responsibility supports triple bottom line reporting which emphasizes the economic, social and environmental bottom-line wellness. Corporate social responsibility disclosure provides information to the public regarding companies’ activities with community, environmental, its employees, its consumer and energy usage in the companies. Corporate s本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。