New issue of Corporate Law & Governance Review journal
The editorial team of Virtus Interpress is happy to present the first issue of the journal “Corporate Law & Governance Review” in 2025. We are honored to feature 13 articles in this issue of the journal and present insightful findings and comprehensive academic debates on a broad spectrum of topics. The authors of the articles have utilized various research methodologies, covering an extensive array of topics, such as employment and tax burden on labor, collaborative governance, trade union finance, public procurement contracts futurity, reforming the state governance, corporate legal framework, governance of administrative contracts, and artificial intelligence in corporate governance. These contributions are based on several locations, including Albania, Vietnam, Indonesia, Turkey, Thailand, Jordan, and UAE.
This issue begins with a significant contribution by Merdiansa Paputungan, Setyo Widagdo, Muchamad Ali Safa’at, and Adi Kusumaningrum who discuss state budgeting regulation and legislative framework during public health emergencies The paper highlights that to mitigate the impact of major shocks, such as the COVID-19 outbreak, fiscal rules must incorporate a certain level of flexibility. This research employs normative legal research methods, utilizing both a statutory and conceptual approach.
The next study by Elida Liko analyzes the impact of a tax burden on labor as an important determinant of formal employment. The purpose of the research is to estimate the size of the tax wedge and to investigate the relationship between employment and tax wedge, to quantify the impact, of the Albanian economy. The results show that real per capita gross domestic product (GDP) has a positive but not significant relationship with employment, supporting that growth does not fully generate new jobs.
Genius Kanyongo and Newman Wadesango examine the impact of cyber security on risk mitigation strategy by commercial banks in the emerging market. The objectives included exploring the relationship between cyberspace and cyber threats, identifying the causes and challenges of these threats, and proposing solutions. The study concluded that enhancing cyber security is crucial for Zimbabwean banks.
Romy Hermawan, Tommy Anggriawan, and Mochamad Chazienul Ulum aim to explore how collaborative governance can be optimized to be more effective in facilitating conflict resolution regarding land use and land ownership clashes. The result of this study confirms that the existing mechanism lacks social value, and thus it may influence the degree of effectiveness in some ways. In the end, the living lab process has managed to successfully optimize two prominent aspects regarding the institutional environment as well as the collaborative structure to increase its effectiveness.
The purpose of the next paper by Tuan Anh Pham, Thi Kim Anh Vu, and Minh Dung Nguyen is to examine the impact of trade union finance on ensuring social security (SS) for workers in enterprises based on the five pillars of SS. The findings indicate that the trade union financial spending policies and union financial spending ratios ensuring SS both have a positive impact on the five pillars of SS. Based on the research results, the authors propose several suggestions to improve the efficient use of trade union financing to guarantee SS for workers in Vietnamese enterprises.
The paper by Karem Sayed Aboelazm and Khalid Mohamed Dganni aims to analyze the factors affecting the adoption of the application and use of AI applications in public procurement through the digitization of public tender procedures and processes. The paper concluded that technological, organizational, and political factors are the most critical factors influencing the adoption of AI techniques in public procurement.
Pulung Riyanto, Junaidi, and Hidayat Humaid, in their research study, describe disparities and the impact of local government initiatives on access to and the quality of primary education in Papua, specifically in Merauke Regency. The findings reveal significant educational disparities in Papua, with school participation rates below the national average. Contributing factors include limited access to educational facilities, long distances between homes and schools, and economic challenges. Despite these issues, local government initiatives like infrastructure development, scholarship programs, and transportation improvements have positively impacted access to and the quality of primary education in Papua.
The study by Sokheang Men, Sukanya Aimimtham, Viyouth Chamruspanth, Achmad Nurmandi, Imron Sohsan, Herman Lawelai, and Muhammad Younus contributes to organizational reform through decentralization initiatives, using qualitative methods and CiteSpace software. The literature review highlights the beneficial impact of administrative decentralization and innovative frameworks on system management. Based on bibliometric analysis, the study elucidates international research collaboration among authors, organizations, and nations. Ultimately, this research sheds light on the strategic utilization of decentralization policies to restructure organizational frameworks akin to the precision of acupuncture effectively.
Aigerim Amirova, Aigul Aitbayeva, Aigul Yessentemirova, Maral Zakirova, and Zulfiya Torebekova examine current conditions and prerequisites for the development of project management and contract employment in the civil service system with a specific view of the Republic of Kazakhstan experience. The findings highlight the main emphasis on improving the quality of human capital and transitioning to “flexible” management tools. However, opponents assume that new methods will bring “chaos” to state apparatus, undermine the foundation of national security, and change the achieved level of checks and balances. The article proposes key recommendations for the full implementation of these new innovative institutions for the Kazakhstani civil service.
Ahmad A. Al Dalaien and Mohammed A. Aladaseen examine the potential for judicial mediation under Jordanian and UAE legislation, highlighting legislative gaps and drawing comparisons with other systems. Utilizing a black letter and comparative methodology, this study identifies the absence of explicit legal provisions for judicial mediation in administrative contexts and analyzes potential pathways for integration. The findings reveal that mediation, although not explicitly addressed, can align with public order principles to facilitate dispute resolution without undermining administrative legality.
The next paper by Mustafa Kenan Ustahaliloğlu explores the use of AI in corporate governance, addressing the changing role of AI, ethical and legal issues, questions of liability and accountability, considerations of intellectual property, and data privacy issues. The main takeaway from this work is that it will give readers an understanding of some of the main issues of AI in corporate governance and offer practical advice for businesses doing business in this area.
The research study by Subhajit Chakraborty, Rajdip Bhadra Chaudhuri, Sarbani Bhowmik, Aditya Ghosh, Avik Banerjee, Shibayan Chattopadhyay aims to examine the importance of legal protections to preserve a company’s purpose from shareholder pressures that could compromise its mission. The paper concludes that the intricacies and dynamism of modern corporations demand a wider and more elastic understanding of companies’ purpose, one that exceeds obstructive financial purposes to hold inclusive and justifiable entrepreneurship.
Ruba Hmaidan, Tareq Al-Billeh, Ali Al-Hammouri, Abdulaziz Almamari, and Hamad Al Kalbani examine the legal framework for protecting well-known trademarks in Jordanian legislation and international conventions, assessing the compliance of national legislation with international requirements, where trademarks law addresses trademark protection by prohibiting the registration of trademarks that are identical or similar to existing trademarks, or that imitate international agreements, thereby promoting foreign investment in Jordan. This paper concludes the issue, as it discusses the significant intersection of national and international trademark protection. Moving forward, future trends are expected to focus on strengthening enforcement mechanisms, addressing challenges in digital trade.
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!
