New issue of the Corporate Board: Role, Duties and Composition journal

The editorial team of Virtus Interpress is glad to announce that the new issue (volume 19, issue 2) of the Corporate Board: Role, Duties and Composition journal has been released.

The published papers in this issue are dedicated to various issues, namely, strategic foresight, artificial intelligence, corporate governance, Shari’ah governance, Shari’ah supervisory board, Islamic banking, bank performance, sustainable development, servant leadership, and transformation. Scholars from the USA, Saudi Arabia, Malaysia, Indonesia, China, and Greece have contributed to this issue.

The full issue of the journal is available at the following link .

The first research by Hugh Grove, Maclyn Clouse, and Tracy Xu addresses the critical importance of strategic foresight and offers guidance on how to evaluate its implementation. The paper extends the literature and provides fresh perspectives on how companies can use strategic foresight to identify and address the challenges and opportunities posed by generative artificial intelligence (AI). In particular, the paper emphasizes the ethical dimensions of foresight in the AI context. Drawing insight from the Global Summit on Generative AI (held in San Francisco in April 2023) this paper presents a set of ethical recommendations for effectively navigating AI complexities, including strategies such as red teaming, watermarking, and sandboxing.

The study by Mohamed Sharif Bashir, Mahmoud Mohamed Ali Mahmoud Edris, and Muslichah Muslichah has a primary objective to analyze the influence of Shari’ah Supervisory Board (SSB) characteristics upon the financial performance of the banks that follow the Islamic banking system in the Kingdom of Saudi Arabia based on features possessed by the SSB. The study suggests that the Saudi Central Bank should accelerate the incorporation of the Shari’ah governance framework in the banks that follow the Islamic banking system. Therefore, there is an urgent need to establish a central SSB to coordinate the efforts of the committees of Saudi local banks and provide the necessary technical assistance for implementing optimal Shari’ah governance practices.

The aim of the paper by Shirley Mo Ching Yeung is to explore the key elements of transformative business servant leadership for improving the attributes of professional service providers for transformation under COVID-19. Quantitative results indicate that the independent variables, Empowering others, Self-management, and Being moral and ethical are found to have a significant influence on serving society. The independent variables for empowerment and self-management to serve the society identified are Teamwork, Humility, and Vision. With these findings, professional service organizations shall have an idea to re-design continual professional development training for developing transformative business servant leaders.

The current issue ends with Themistokles Lazarides’s review of the conference book titled “New outlooks for the scholarly research in corporate governance” edited by Marco Tutino, Valentina Santolamazza, and Alexander Kostyuk (Virtus Interpress, 2023; ISBN: 978-617-7309-23-8). During the last two decades, corporate governance as a research field has been evolving drastically. Intradisciplinary approaches and new ideas have been introduced and more importantly, traditional schools of thought have been challenged. It is appropriate to challenge traditional thought in a very dynamic corporate and global environment. The conference book is an attempt to introduce some of these new approaches and ideas of corporate governance and shed some light on the new phenomena and observations from the corporate world.

We are grateful to all the scholars who have contributed to this issue, and we hope that you find this issue of the journal useful, informative and educational!