This research focuses on Corporate Social Responsibility (CSR) practices among Public Listed Company (PLCs) in Malaysia. CSR in Malaysia is currently being battled in many areas. One of the most interesting topic is regarding the engagement between the corporations with one of their most powerful stakeholders: shareholders. When shareholders voice out their opinions to try to influence a corporation they are said to being “active shareholders”. However, what can really be expected from such activism? In what area that shareholders being activist? This study attempt to review the current movement of shareholders activism in PLCs for CSR. It raised a question whether shareholder activism is really effective to influence corporation in being more concerns on CSR. The previous study tend to look shareholder activism on financial cost and corporate governance matters. This study believe it is time for shareholders in Malaysia to demand more on CSR cost. As corporate governance is part of the CSR, and many research shows that CSR give positive impact on financial performance, shareholder activism for CSR seems relevant and much needed. This study provides three main objectives which are to determine the level of CSR practices in Public Listed Companies, to examine the relationship between shareholder activism and CSR, lastly is to identify the most influence shareholder activism methods namely: Corporate Dialogue, Shareholders Resolution and Voting Right that can enhance CSR practices in the Public Companies. Thus, CSR practices among Listed Companies are now seems at the matured and robust stage, positive relationship between shareholder activism and CSR can actually increase the social and environment initiatives by the organizations. Besides, it can be concluded as shareholders in Malaysia are more likely to attend, speak and vote at general meeting as compared to submit a proposal in order to make changes in the management decision. At the end of this study, it concluded with some recommendations to enhance the CSR practices among Listed Companies in Malaysia by embedding CSR into business strategy or culture. Some western countries are moving towards establishment of philanthropy department, smart partnering and make use sustainability as a tools to reduce their operational cost. Introduction of online voting and online meeting seems beneficial and effective in strengthening the relationship between shareholders and management. Lastly, the effectiveness of Minority Shareholders Watchdog Group (MSWG) on valuing the shareholder activism from time to time should be the next research paper in the future.
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