New issue of the Corporate Board: Role, Duties and Composition journal
The editorial team of Virtus Interpress is pleased to introduce the third issue of volume 20 of the journal Corporate Board: Role, Duties and Composition. The issue has been contributed to by scholars from all around the world, including Iceland, Australia, Saudi Arabia, Israel, Ghana, Vietnam, Qatar, and others.
Each of the 13 published papers discusses interesting topics, such as corporate governance quality, business ethics, fraud, board of directors, green accounting practices, carbon emission disclosure, women on board, firm value, management factors, board size, independence, good university governance, budget implementation, internal control, audit failures, technology in auditing, risk-based auditing, independent directors, merit system, position fulfillment, top leaders, talent management, promotion, human resource management, financial leverage, ownership structure, earnings management, board experience diversity, voluntary disclosure, board evaluation, board self-assessment, nomination committee, bank performance, corporate governance mechanisms, intellectual capital, ESG Score, capital structure, etc.
The full issue of the journal is available at the following link .
The issue begins with the paper by Ahmad Saiful Azlin Puteh Salin, Zubaidah Ismail, and Malcolm Smith, which aims to explore the responsibilities of directors in creating a good ethical culture in their organisation and examine whether good ethical practices are able to enhance a company’s performance. The authors find that board ethical commitments are necessary elements for sustaining the good performance of a company.
Aina Claudia and Lindrianasari investigate the impact of the presence of women on board, green accounting practices, and carbon emission disclosure on the firm value of heavily polluting companies in the ASEAN, with a focus on exploring the moderating effects of women on board. The findings reveal that green accounting practices and carbon emission disclosure do not significantly correlate with the firm value, while the presence of women on board does.
Fozi Ali Belhaj and Najib H. S. Farhan examine the impact of management factors of board characteristics and banks’ specific on the financial performance of Indian listed banks. The results show that the board’s diligence and independence positively and significantly affected the financial performance.
Muhammad Nurrasyidin, Meutia Meutia, Elvin Bastian, and Agus Sholikhan Yulianto analyse the impact of budget implementation and university governance on fraud prevention in Indonesia and demonstrate that effective university governance and budget execution have a substantial and favourable impact on fraud prevention.
Keren Bar-Hava argues that incomplete information analysis and over-reliance on technology can obscure financial risks, drawing parallels between audit failures and intelligence lapses such as the October 7, 2023, attack. This study asserts that professional auditors and proactive boards are essential for corporate survival, and emphasizing a risk-based audit approach highlights the need for a holistic use of technology, critical thinking, and effective communication.
Muhammad Ilham Nur Ikhsan Rintaka, Ratminto, and Haening Ratna Sumiar compare merit system implementation for top leaders filling positions in North Buton Regency and Kendari City and determine the driving and inhibiting factors for implementing the merit system in the two regional government agencies. The authors’ research shows that in top leaders filling positions, there are significant differences between the North Buton Regency and Kendari City regarding the merit system principles.
Sasongko Tri Utomo and Wisnu Mawardi aim to identify the effect of ownership structure on leverage and financial fraud. The ownership structure in their study stands for foreign, managerial, and institutional ownership. The findings show that foreign ownership did not significantly affect leverage and managerial and institutional ownership had a significant effect on leverage.
Hussein Mohammed Alrabba analyses the impact of earnings management and audit independence on audit fees for businesses listed on the Amman Stock Exchange. All of the findings point to a possible strong correlation between audit fees and earnings management as well as a relationship between higher demand for audit services and successful governance.
Richmell Baaba Amanamah investigates the relationship between board experience diversity, and voluntary disclosure in sub-Saharan African firms, with a focus on the moderating role of firm size. The author’s results reveal a negative relationship between board experience diversity and voluntary disclosure, suggesting that increased diversity complicates the decision-making process and hinders disclosure.
Arnrun Saeby Thorarinsdottir, Audur Arna Arnardottir, and Throstur Olaf Sigurjónsson examine whether nomination committee (NC) members find board self-assessment useful for assessing board composition and identifying candidates for board director positions. Their research illuminates the value of board self-assessment for NCs by enhancing academic understanding of the usefulness of board self-evaluation as a tool for the board NC.
Amjed Ahmed Mohammed, Rossazana Ab Rahim, Nur Farrahanie binti Ahmad Tarmizi, and Kwaku Frimpong Darkwah investigate the performance and corporate governance practices of UAE and MENA banks, with a focus on determining if UAE banks exhibit superior governance compared to their regional counterparts. The findings underscore the positive impact of corporate governance on UAE banks’ Tobin’s Q, contributing to a nuanced understanding of corporate governance dynamics in the MENA region and facilitating informed policy decisions for economic stability.
Anh Phan and Thi Huong Tra Le aim to investigate the relationship between intellectual capital and the performance of these banks. The authors’ results suggest that commercial banks need to actively invest in the various aspects of intellectual capital to enhance their market value and cash flow.
The final paper in the issue, by Mohamad Ktit and Bashar Abu Khalaf, examines the impact of ESG performance on the capital structure in European non-financial companies. This study shows that ESG positively impacts the leverage ratio in sustainable organizational performance and helps the board of directors to make rules and regulations that help the company to report effective financial statements through clear and better information transparency and this should adjust towards the optimal capital structure.
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 interesting!
