New issue of Corporate Law & Governance Review journal
The editorial team of Virtus Interpress is pleased to present Corporate Law & Governance Review’s third issue of 2025. This issue contains 14 contributions covering a number of interesting topics. Topics covered include fighting corruption (including money laundering), the auditing and forensic accounting fields, legal and regulatory systems in different contexts (including Sharia Law), and improving the performance of government agencies. These contributions are based on numerous locations, including Indonesia, Sudan, Jordan, Vietnam, Lebanon, Kosovo, the United States, and New Zealand.
The first study by Rufriyanto Maulana Yusuf, Lela Nurlaela Wati, and Rita Yuni Mulyanti aims to identify factors impacting the Supervisory Board’s effectiveness, propose solutions to enhance the Corruption Eradication Commission’s (Komisi Pemberantasan Korupsi, KPK) performance accountability, and determine strategic steps for the Supervisory Board. The findings suggest that improving KPK’s accountability requires strategies such as formulating integrated standard operating procedures, involving the Supervisory Board in revising internal policies, and implementing continuous supervision programs. Additionally, the consistent application of collegial collective principles and integration of a real-time performance management system is crucial.
The next paper by Laila Barqawi and Mohammad Abu Baker explores the intersection between Islamic Law and modern Intellectual Property (IP) law, a subject often overlooked in contemporary scholarship. The research problem centers on whether Islamic legal traditions provide a foundational basis for recognizing and regulating IP rights. The study is significant for policymakers in Muslim-majority jurisdictions navigating IP reform in harmony with religious doctrine. The conclusion reinforces that while exclusivity in IP may conflict with certain Islamic ethical principles, a qualified recognition of intellectual labor exists within the Sharia framework.
Mohammad Reza, Muhammad Hawin, and Ningrum Natasya Sirait, in their study, investigate implementing a business competition compliance program as a mechanism to foster a culture of lawfulness among corporate entities. Findings reveal that effective compliance initiatives enhance organizational resilience, reduce regulatory conflicts, and ensure adherence to fair competition principles. This study also contributes to the growing discourse on integrating regulatory frameworks into corporate governance, providing actionable insights for policymakers and business leaders.
Raed Mohamad Jaber El Merhebi and Ramez El Tanbour study the role of governance, taxation, and control in enhancing tax collection for Lebanon’s Ministry of Finance, focusing on the development of tax administration and its impact on collection improvement. The findings reveal a statistically significant positive relationship between the governance variables and collection improvement, underscoring their critical role in strengthening tax administration. The study recommends upgrading electronic systems to enable taxpayers to submit declarations using their tax numbers via email, thereby addressing inefficiencies and fostering compliance. This research contributes to understanding how governance reforms can mitigate Lebanon’s entrenched issues of tax evasion, inequitable systems, and inadequate technological infrastructure, historically undermining public trust and fiscal stability.
The following paper by Syaifullah Yophi Ardiyanto, Gusliana HB, Dedi Kusuma Habibie, Mardalena Hanifah, Sukamarriko Andrikasmi, Tiberius Zalukhu, Siska Aprilia, and Miftahul Ghina Fauziah analyzes trends in strengthening law and governance using a scientometric approach to provide a data-driven overview of its evolution over the past decade. The study highlights the need for institutional and international collaboration to address global challenges in legal strengthening and governance. The practical implications of this research provide guidance for policymakers and academics to direct research and policy development that is more targeted and evidence-based.
The primary objective of the study by Salahaldin Abdulkader Jebarah, Mammed Hassan Jammaa, Abdulrazak F. Shahatha Al Mashhadani, Mohammad Abu Taher, Ahmad Alomar, Mohammed Al Makhmari, and Mounir Snoussi is to investigate the frequency of money laundering in Sudan. The study examines the country’s laws and regulations and the obstacles to implementing anti-money laundering (AML) measures. It also examines international cooperation, assesses Sudan’s efforts to combat money laundering, and identifies flaws in the current legal and regulatory framework, building transparency and providing stronger institutions. The results demonstrate the importance of enhancing Sudan’s legal and regulatory framework to prevent money laundering and safeguard the country’s economy and people for wider global collaboration.
Mariam El Harras and My Abdelouhab Salahddine provide a narrative review of recent RegTech applications in financial crime prevention, with a focus on key compliance domains. Findings reveal that RegTech solutions give financial institutions more responsibility for detecting and managing financial crime risks, making them more active players in compliance processes traditionally overseen by regulators. The combined use of technologies such as artificial intelligence (AI), blockchain, and big data also generates synergistic effects that improve compliance outcomes beyond what these technologies achieve individually.
Karem Sayed Aboelazm, Fady Tawakol, Emad Ibrahim, and Hanadi Sharif analyze the most prominent global practices in raising the efficiency and capabilities of public procurement workers to reach complete professionalism in public procurement. Their paper attempted to investigate the possibility of professionalism in public procurement and its effects on the good governance of state contracts. The study concluded that there are experiences of several distinguished countries, such as the United States of America and New Zealand, and their successes, which worked on the practical qualification of public procurement workers and their interest in reaching professionalism in this profession, and created specialized academic degrees in public procurement. The main finding is that the USA and New Zealand have made great progress in professionalizing public procurement jobs, which may help Egypt as a guideline for reforming these jobs.
The next paper by Ali Al-Thuneibat, Omar Mowafi, Melina Al-Hasan, and Sajead Alshdaifat examines the impact of the COVID-19 pandemic on professional skepticism from the perspective of Jordanian external auditors. The most important finding of the study is the significant impact of the pandemic on professional skepticism in auditing, especially when activating an objective view of audit evidence, critically evaluating evidence, and being alert to any circumstances that may indicate the possibility of fraud. The study recommends that audit firms and regulatory bodies focus on the need to take practical steps to develop a systematic approach that regulates and manages how auditors exercise professional skepticism, particularly in the context of workplace disasters.
The research study by Safaa Ahmad, Abdallah Bader Mahmoud Alzoubi, and Rahaf Alkhalaileh aims to investigate the relationship between company-specific factors and the engagement of external auditors possessing forensic accounting expertise. The findings suggest that firm size, firm age, and firm financial performance are significantly correlated with the presence of external auditors skilled in forensic accounting. This article emphasizes the significance of developing and advocating for the capabilities and expertise provided by forensic accountants, which ultimately improve the financial performance of companies under audit.
Sead Mehović addresses the legal uncertainty surrounding how arbitral tribunals determine applicable law in investor–state disputes. The research aims to clarify how tribunals balance investor protections with host state regulatory interests by analyzing the interaction between domestic and international legal frameworks. The study concludes that the absence of a clear legal hierarchy contributes to fragmented decision-making. The paper’s relevance lies in its call for harmonized interpretative guidelines to increase predictability in investment arbitration and strengthen coherence in the application of legal norms.
The following study by Faisal Abdulhafez Alshawabkeh and Khaled Mustafa Al Jasmi addresses the interconnected themes of governance, administrative control, modern technology, and digital transformation. It specifically investigates the legal effects of digital transformation on administrative control governance and its impact on administrative efficiency, as well as the legal challenges that may arise in the administrative sector due to digital transformation. The findings indicate that digital transformation significantly contributes to improved administrative control and enhanced efficiency in administrative processes. The study highlights the stresses the necessity for developing laws and regulations that support the effective use of modern technology in this field.
The main purpose of Fadil Osmani, Albulena Hajdari, and Alma Paçarizi-Osmani’s paper is to empirically assess the impact of the interaction between information technology (IT), business models, and competitive strategies on the performance of manufacturing and service firms in Kosovo. The results of the study refute predictions that competitive strategies directly affect firm performance. The mediating role of business models in the relationship between information technology and enterprise performance is also confirmed. Although the rule of law as a variable is not included in the econometric model, theoretical evidence proves that it is an important factor in increasing the performance of Kosovar enterprises.
Duc Dinh Truong, Thi Que Nguyen, Thi Du Tran, Thi Bac Dang, Van Hau Nguyen, and Duc Tai Do, in their paper, examine the relationship between Vietnamese auditors’ perceptions of using IT to detect fraud during the audit evidence collection process. The authors offer suggestions to improve auditors’ use of IT in fraud detection based on the findings. Thereby contributing to improving corporate strategy and helping firms fully comply with legal regulations. Additionally, this work is a useful resource for researchers and auditing businesses, with theoretical and practical implications.
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!
