New issue of the Corporate Board: Role, Duties and Composition journal
The editorial team of Virtus Interpress is glad to release a new issue of the Corporate Board: Role, Duties and Composition journal (volume 21, issue 2). This issue focuses on the evolving responsibilities of corporate boards, expanding from a narrow oversight role to a broader role encompassing creativity, diversity, financial soundness, and resilience.
The presented papers cover diverse issues, for example, firms’ innovation, governance styles, business creativity, innovative companies, artificial intelligence, corporate governance, gender diversity, capital structure, board characteristics, financial performance, leadership styles, cultural norms, organizational barriers, earnings management, audit committee, remuneration committee, cost of equity capital, earnings quality, foreign auditors, strategic alliance, competitive advantage, corporate diversity, ESG strategy, regulatory compliance, sustainable value creation, board leadership, and others.
The full issue of the journal is available at the following link .
The issue begins with a study by Maria Assunta Baldini, Salvatore Cincimino, and Salvatore Tomaselli, which explores the evolution of creativity in the business context, integrating philosophical and psychological perspectives while considering business and managerial implications. Starting from classical conceptions of mimesis and poesies, the article traces a path through Kantian thought on genius and the Druckerian approach to innovation, up to contemporary theories on organizational creativity. It analyzes how creativity has evolved from being considered an innate gift to a manageable and measurable competence in companies.
Indra Pahala, Suherman Suherman, Titis Fatarina Mahfirah, Rosle Mohidin, Rini Indriani, Gentiga Muhammad Zairin, Tri Hesti Utaminingtyas, Herni Kurniawati, and Audia Zikra investigate the relationship between capital structure and corporate governance variables, with an emphasis on the moderating effect of gender diversity on the board on the relationship between capital structure and corporate governance mechanisms in a two-tier board structure in Indonesia. Negative and notable associations were observed when moderated by gender diversity, indicating an amplified influence in the presence of female board members.
Frank Mawuena Yao Klu, Patient Rambe, and Lentswe Mosweunyane aim to ascertain the moderating and mediating effect of gender diversity and governance style a piece on the relationship between board characteristics and financial performance. Their study provides essential insights into the significance of considering and embracing the relevance of corporate governance dimensions such as board committees, board independence, and board diversity on financial performance, whilst appreciating the moderating and mediating contribution of gender diversity and governance style, respectively, on the board characteristics-financial performance relationship.
Vimala Venugopal Muthuswamy and Jagathala Joghee Savithri analyze the impact of cultural norms, leadership styles, and governance frameworks on gender diversity in leadership positions. The authors demonstrate that cultural attitudes and leadership styles significantly affect gender representation in leadership, with conventional male-dominated frameworks obstructing women’s professional advancement. The findings underscore a significant association between gender diversity and leadership efficacy, highlighting the need for inclusive governance measures.
Mohammed Ibrahimi, Aymane Chemmaa, and Mohammed Amine examine the effectiveness of the 2008 Moroccan Code of Good Corporate Governance Practices through an analysis of the influence of audit committee characteristics on earnings management in companies. The authors’ results reveal a negative and significant association between audit committee independence and earnings management. The findings also highlight the importance of audit committees predominantly composed of independent directors, with diverse experience gained from serving on various boards and balanced gender representation. This study contributes to the corporate governance literature by emphasizing the role of multiple mandates and audit committee independence, particularly in crisis contexts.
Herman Darwis, Tatang Ary Gumanti, Andi Harmoko Arifin, and Maria Rio Rita examine the impact of the remuneration committee on the cost of equity capital, focusing on manufacturing companies listed on the Indonesia Stock Exchange (IDX) over the period 2013–2023. The results indicate that the frequency of remuneration committee meetings has no statistically significant effect on the cost of equity capital, implying that, within this context, corporate governance mechanisms may not have a direct influence on the cost of equity financing. Nevertheless, the composition of the remuneration committee shows a significant negative association with the cost of equity capital.
Amandeep Kaur, Archana Singh, and Girish Chandra Maheshwari investigate how corporate board characteristics, foreign auditors, and strategic alliances influence earnings management among Indian listed firms, an issue of growing concern due to widespread accounting scandals and weak institutional enforcement in emerging markets. This study contributes to the governance literature by highlighting the nuanced roles of formal and informal governance under institutional voids, offering practical insights for regulators, investors, and policymakers in emerging economies.
Mosie C. C. Molate, Collins C. Ngwakwe, and Kgobalale N. Motubatse examine the effect of firm size and diversity strategy on equity value during COVID-19. This research contributes new insights to business resources management and corporate diversity literature and provides recommendations for lawmakers regarding diversity and inclusion policies in the workplace.
In the final paper, Annapaola Voto analyzes the evolution of corporate social responsibility into environmental, social, and governance frameworks, examining the shift from voluntary initiatives to mandatory regulatory compliance. Through historical analysis and case studies, the author traces how sustainability practices transformed from philanthropic activities to strategic business imperatives.
We hope that researchers will find the articles in this issue particularly interesting and useful for their research activities.
