Limited Liability Partnership in Malaysia: A Corporate Governance Perspective
This material was first published by Thomson Reuters (Professional) UK Limited in Mohammad Rizal Salim, “Limited Liability Partnership in Malaysia: A Corporate Governance Perspective"  I.C.C.L.R., Vol. 24, Issue 12 p.421 and is reproduced by agreement with the Publishers.
7 Pages Posted: 23 Sep 2013 Last revised: 20 Mar 2017
Date Written: September 23, 2013
This paper examines corporate governance issues in the Limited Liability Partnership structure in Malaysia. Although comparable to the company in that the LLP has legal personality, it suffers from a distinctive agency problem due to the lack of separation of ownership and control. This paper presents a case for more legislative guidance particularly with respect to creditors’ and minorities’ protection.
Keywords: Limited Liability Partnership, LLP, corporate governance, Malaysia
JEL Classification: K22, G3
Suggested Citation: Suggested Citation