New issue of Corporate Law & Governance Review journal
The editorial team of Virtus Interpress is happy to present the fourth issue of the journal Corporate Law & Governance Review in 2025. This issue features a collection of meticulously selected ten research papers that concurrently explore the foundations, procedures, and prospective developments of legal and corporate governance across the spectrum of countries from Southeast Asia, Middle East, and Central Asia, providing a thorough and diverse assessment at how legal systems develop, are challenged, and changed to advance accountability, integrity, and future development.
The first research study by Peni Nugraheni and Hapsari Rahmadani investigates the effect of corporate governance mechanisms on corporate social responsibility (CSR) disclosure in Indonesian Sharia-compliant companies. The findings contribute to the understanding of CG’s role in CSR transparency, especially in countries with increasing Sharia-compliant businesses. These insights can help such firms strengthen their governance practices and improve CSR reporting.
The next paper by Karem Sayed Aboelazm, Raghda Raafat, Hanadi Sharif, and Emad Ibrahim aims to provide an analysis of the impact of constitutional review on legislative omissions, their impact on constitutional authoritarianism by the Supreme Constitutional Court, and how constitutional review affects rights and freedoms, as well as the validity of legislation. The paper reached several conclusions, the most important of which is that the Supreme Constitutional Court, with its authority to exercise constitutional oversight over legislative actions, can maintain legal security.
Dedeng Yusuf Maolani, Fisher Zulkarnain, and Andre Ariesmansyah examine the legal and governance dimensions of innovative poverty reduction strategies in Indonesia, emphasizing their alignment with corporate law and governance principles. This research contributes to the discourse on governance and development by offering recommendations for policymakers and legal scholars to enhance the institutional coherence of poverty reduction efforts in Indonesia.
Mashaallah Othman Alzwae and Abdelnaser Aljahani evaluate the Libyan legal framework governing the liability of legal entities and highlight shortcomings regarding the scope of liability and the effectiveness of penalties. The results show that Libyan legislation limits the scope of liability to financial and banking institutions, unlike French law and international recommendations, which expand the scope of liability to include all legal entities, including non-profit organizations.
The following study by Lego Waspodo, Anis Chariri, Paulus Theodorus, and Basuki Hadiprajitno analyzes the factors that influence whistleblowing intentions, consisting of authentic leadership, procedural justice, distributional justice, interactional justice, information justice, and organizational commitment.
Soliman Mohamad Alhamed and Ali Salem Ali Al-Marri, in their paper, examine the doctrinal foundations and normative justifications of the obligation to return an undue payment under the Saudi Civil Transactions Law (CTL). The findings reveal a persistent doctrinal and pedagogical gap in Saudi legal education and scholarship regarding undue payment, and they support targeted legislative refinement and curricular reform to strengthen the practical enforceability of CTL rules and align Saudi civil law with advanced comparative standards.
The paper by Salahaldin Abdulkader Jebarah, Mammed Hassan Jammaa, Mohammed Al Makhmari, Mounir Snoussi, Said Ali Al Mamari, Abu Zafar Md Rashed Osman, Maisoon Abdul Wahab Al-Masri, Yasein Hassan Mohammad Osman, and Omar Mohammed Khamis Al Mazroui investigates the essence of law systems and institutional strength in the establishment of corporate accountability across the global financial systems, also addressing Sustainable Development Goal 16 (SDG) and the associated objectives.
The study by Lina Yulianti, Winwin Yadiati, Citra Sukmadilaga, and Roebiandini Soemantri examines the mediating role of Sharia audit quality in the relationship between internal audit characteristics, namely internal audit competence and due professional care, and fraud prevention within Indonesia’s National Zakat Board (Badan Amil Zakat Nasional, BAZNAS). The findings show that both competence and due professional care significantly enhance fraud prevention, directly and indirectly, through Sharia audit quality, with due professional care emerging as the stronger determinant of audit quality.
Laila Bimendiyeva, Nursultan Bekkairov, and Dana Kenzhegalieva address a pressing contemporary issue — the main areas of research on corruption. The paper argues that addressing corruption requires more than official statements or surface-level reforms; it demands an honest recognition of its systemic nature. By framing corruption as a force that penetrates social, moral, and economic foundations, the article highlights the need for broader societal transformation.
The final research paper by Mohammad Airout, Amer Morshed, Hazem Alnsour, Ismael Al-Halameh, Abdallah Al-Akayleh, and Mohammad Taha Alflaieh examines the role of government loan guarantees (GLGs) as legal-financial tools influencing the strategic investment behavior and dynamic capabilities of manufacturing small and medium-sized enterprises (SMEs) in Jordan, uncovering the underlying dimensions and aspects of these dynamics and capabilities. This paper provides valuable information for policymakers who must efficiently manage guarantee schemes and manage risks, including misuse, fraud, and lack of regulatory compliance among these financial instruments used by manufacturing SMEs within the Jordanian economy.
You are welcome to browse the full issue at the following link .
We hope that reading this issue will be pleasant and informative for you!
