New issue of Corporate Law & Governance Review journal
The editorial team of Virtus Interpress is happy to introduce the first issue of 2024 journal of Corporate Law & Governance Review.
Ten articles in this issue of the journal present interesting findings and robust academic debates on a wide range of topics, such as agrarian reforms, property rights, public housing policies, accounting information systems, international trade agreements, artificial intelligence, corporate governance during the COVID-19 pandemic, regulatory impact assessments, employees’ rights, and international arbitration.
The first research study by Avni H. Alidemaj, Alban Maliqi, and Adrian Alidemaj explores the impact of agrarian reforms on property rights in Kosovo. The authors aim to shed light on the legal complexities surrounding land ownership and distribution in evolving economic landscapes while building on the developments observed in the region. This research study is of great importance for decision-making institutions because it can be used as an impetus for finding the right approach, aside from the normative one, to address the issue of property legalization.
The next paper by Jefri Hari Akbar, Yusriyadi, and Soeganda Priyatna examines constitutional housing rights, challenges, and government involvement in housing financing, and underscores legal politics for equitable living environments. It emphasizes constitutional housing rights, challenges in meeting housing needs, and the government’s involvement in housing financing. The study concludes by underlining the importance of legal politics in ensuring fairness and creating a secure living environment.
The purpose of the research by Winwin Yadiati, Meiryani, Reyhan, Agung Purnomo, Satria Fadil Persada, Jajat Sudrajat, Rahmat Siauwijaya, and Fany Inasius is to find out whether the application of the sales accounting information system, cash receipts and payroll is related to the internal control system. The research results showed that the internal control system was running quite well because the company upholds the ethical values and behavior of the entity, which are used as components of the code of ethics, management is also disciplined during working hours. The conclusion of this research is the internal control system is very influential in the running of a company in order to achieve company goals.
Dukagjin Leka and Gezim Jusufi examine the role of the Stabilization and Association Agreements (SAA) in the Western Balkans using statistics for a ten-year period between 2007 and 2017. This paper concludes that the SAA has not ensured the export growth of these countries because products originating from this region are not competitive in the EU market, EU exports to this region have increased more than the other way around.
Firas Massadeh, Fayez Alnusair, Ali Abdel Mahdi Massadeh, and Mahmoud Ismail examine artificial intelligence (AI) within the context of the international legal framework of intellectual property (IP) rights, the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement), and national legislation. The authors conclude that current copyright law is unsuitable for the protection of AI-generated works and that sui generis is a better option. However, the future legislative path should be specialized legislation addressing not only AI-generated works but also the prohibited acts that might create certain risks for industries.
The purpose of the study by Dadang Lesmana, Dewi Naprida, and Bagus Rai Wibowo is to analyze the role of corporate governance which consists of board size, board independence, women on board, and CEO duality on company performance during the COVID-19 period. The results of this study indicate that COVID-19 has had an impact on decreasing the company’s performance and that board size, women on board, and CEO duality have a significant positive effect on company performance. These results have implications that corporate governance has a very important role in boosting the performance of companies that are under pressure due to the COVID-19 pandemic.
The research by Suraphol Srivithaya focuses on comparing regulatory impact assessment (RIA) mechanisms in the Organisation for Economic Co-operation and Development (OECD) member countries and Thailand. It analyzes RIA criteria, methodologies, impact assessment report preparation, and quality assurance for legislation. The research underscores Parliament’s crucial role in standardizing law impact assessment. This promises better legislation quality, transparency, and accountability, aligning with global standards and encouraging public participation for improved governance and societal well-being.
Muhamet Binaku and Sedat Ismajli investigate the respect for employee rights in both the private and public sectors of Kosovo, offering evidence-based insights into the legal landscape governing labour rights. Their work is extremely influential, as it highlights the need for new policies that will allow employees to be informed about their rights, as part of a wider attempt to reinforce transparency, accountability, and fairness in society.
Haneen Mansour Almansour and Mahmoud Ismail provide an overview of how the International Chamber of Commerce (ICC) operates in the context of international arbitration, identifying challenges and discussing solutions implemented for improving the efficiency and effectiveness of the existing ICC arbitration procedures. There are two problematic issues that the research treats: the confusion in the nomenclature and competencies between the components and units of the ICC during its practice of arbitration to settle corporate conflicts; while the second issue is that the basic elements of the arbitration process at the ICC based on its arbitration rules is not clear. The research emphasizes the new modifications of the ICC arbitration system that resolve both above problematic issues.
Ingi Poulsen and Throstur Olaf Sigurjonsson in their study investigate the response of Icelandic firms to mandatory sustainability reporting laws, focusing on the synergy between legal mandates, corporate governance, and external pressures. The research highlights the critical role of independent assurance in enhancing the credibility of these disclosures and calls for strengthened regulatory frameworks to ensure transparent, effective reporting that meets international standards. By examining the Icelandic context, the paper provides valuable insights for policymakers and corporate entities on the need for legislative improvements. It anticipates future regulatory tightening to enforce more comprehensive sustainability reporting requirements, contributing to the discourse on mandatory versus voluntary reporting mechanisms.
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!
