New issue of Corporate Law & Governance Review journal

The editorial team of Virtus Interpress is happy to introduce the second issue of 2023 of the journal of Corporate Law & Governance Review. The issue presents some 14 pieces of substantive research dealing with such corporate governance issues as decentralization, taxpayers, director duties of tax administration, legislation of tax administration, board of directors, director duties, gender diversity, ESG norms, law, regulation, blockchain technology, cryptocurrency, financial crimes, by-laws, insider dealing, quality of lawmaking, conversion, digital economy, etc. The research methodologies employed vary from piece to piece thereby covering the full range of research styles from the doctrinal to the empirical. That diversity is to be applauded.

The issue starts with a research study by Muhammad Fauzan and Riris Ardhanariswai. The purpose of this paper is to analyze the concept of asymmetric decadency with selective broad autonomy to make it easier to grant autonomy to the regions. The main findings of the study, the differences in the character and culture of each region make the administration of government in the regions not monopolized by the central government, which is feared will homogenize the pattern of government in all regions.

The next paper by Besard Belegu and Artan Fejzullahu aims to treat the procedural rights in tax administration in theoretical aspects and comparative aspects, through Balkan countries. This study also aims to make a review analysis of the procedural rights that are missing in the tax administrative legislation system in Kosovo, identify and treat the theoretical aspects of procedural rights of taxpayers in tax administration in general, and analyze challenges of tax administration in actuality and general. The main findings of the study show that the Tax Administration of Kosovo has made great progress by modernizing itself and simplifying its procedures for tax-paying citizens.

Wanlop Singharat, Tanpat Kraiwanit, Rattaphong Sonsuphap, and Yarnaphat Shaengchart investigate the factors influencing the leisure business-sharing economy in Thailand. As more service providers will appear, businesses must adapt significantly, and everyone has an equal opportunity to enter the sharing economy through simple and easy social media. To strengthen community cooperation, create a sense of security and peace of mind, and reduce the gap in consumption of goods and services in the sharing economy, comprehensive and consistent relevant laws are required for the development of the next phase in resource sharing.

The purpose of the research by Ratna Herawati, Retno Saraswati, Aprista Ristyawati, and Ayu Savitri Nurcahyani is to explain the factors that cause violations and solutions for handling election campaign violations during the pandemic in Indonesia. The results of the study concluded that the causes and solutions for campaign violations include substance, structure, and culture. The solution must be cooperation between parties related to the holding of regional elections. Therefore, the solution that can be done is socialization to the community and increased supervision of election campaigns conducted by the community.

In the following paper, Aliaa Zakaria, Ayman Mohamed Afify, and Moustafa Elmetwaly Kandeel focused on the legal adaptation of constitutional declarations during transitional periods that can pose particular challenges as these periods are often characterized by political instability, uncertainty, and lack of an established legal framework. The main findings of the paper are establishing clear and defined constitutional rules and procedures for constitutional declarations and ensuring compliance with these rules.

Enisa Haliti-Mustafa, Ahmet Maloku, and Valon Mustafa in their research process the collected data through the main objectives, to interpret the results of the work, to draw the results and conclusions of the presentation of the offer and demand in the legal and economic aspect in Kosovo according to the law on mandatory relations, formal agreements and scientific research. The main findings of the paper are the presentation of the call for tender (written offer) in public institutions in Kosovo, legal framework procedures, procurement procedures, and legal procedures, such as the stages of the development of the offer. The findings provide an overview of top influential research for new scholars for offer and demand.

Hemavathi Soma Shekhar and Vidhi Madaan Chadda aim to analyze the legal duties of directors and their role in climate risk mitigation. The paper suggests that legal interventions may aid corporates in addressing climate change, which entails that directors must consider climate risks and conduct themselves accordingly. The significance of this paper lies in providing a reference for corporations to navigate their responsibilities and take measures to address climate change through legal intervention.

Chanatnan Muangwichian and Ekaphot Congkrarian aim to explain government policy, law, and regulation, as well as social community participation, for early childhood development in Asia. The qualitative approach was adopted. In-depth interviews were conducted with 10 key informants, employing purposive sampling. Content analysis was performed on the data. The findings revealed that governments have put policies in place to help families with children and to increase access to childcare services.

The purpose of the paper by Llambi Prendi, Daniel Borakaj, and Klarida Prendi is to examine the role of cryptocurrency in facilitating money laundering and identify different methods and services that send funds through numerous addresses or businesses to obscure their origins using cryptocurrency. The results show that cryptocurrency is used in money laundering schemes, including the purchase of cryptocurrencies by criminal networks using illicit proceeds and the use of cryptocurrencies to transfer funds. This research paper helps to focus attention on the problems of using cryptocurrency in money laundering practices and possible interventions by the authorities in the form of regulation.

The next research article by Safet Krasniqi, Valton Shala, Rilind Hoti, and Armend Podvorica explains the cultural diversity in European Union (EU) countries and the difficulties that court decisions have in dealing with individuals’ cases coming from countries outside the EU. The findings show that emigration to EU countries of citizens from countries outside the EU, among other things, also shows the existence of cultural differentiation. The recognition and acceptance of the external judicial decision would also make possible the factual and legal acceptance of the existence of cultural diversity.

Ibnu Sina Chandranegara and Dwi Putri Cahyawati in their research study intend to answer two research questions, first, how and why the market’s power is interested in controlling the legal system, and second, what scenario would minimize and prevent the consequences of the influence. The study demonstrates that realizing the fulfilment of economic objectives can be achieved through the legislative process. As a result, the legislative process may lose its purpose. It is possible to hold this hostage starting with corrupt activities like bribery or political donations, which are typically linked to corruption, as well as a model of cognitive bias since lawmakers are subtly connected to corporate interests. As a result, lawmakers must stop business actors from having conflicts of interest.

Mingkwan Prasertsiwaporn and Thoedsak Chomtohsuwan investigate the level of poverty and gambling along with the relationship between poverty and gambling in the digital economy and explain the law and regulations governing poverty and gambling in the digital economy. The study reveals the significant roles played by poverty, gambling, and legislation in the digital economy. It is essential for the government and relevant agencies to implement control measures to mitigate the risks associated with problem gambling.

The study by Ramzi Madi and Muna Masn aims to investigate the concept of conversion and examine the implications it has on the converted company. The authors explore the continuity of the converted company’s legal personality and discuss its significant outcomes, whether affecting the converted company itself or others involved. The problem addressed in this paper is to determine the consequences of conversion for the converted company. The authors conclude that the conversion of a company does not lead to the termination of the transferred company’s legal personality and the creation of a new legal entity.

The main aim of the empirical paper by Antoine B. Awad, Bashar Abu Khalaf, and Aisha Afzal is to examine the impact of board size and gender diversity on the firm value of 354 non-financial firms listed on the Gulf Cooperation Council (GCC). The vital importance of this paper is to shed light on the presence of female directors on the boards of directors in the GCC. The results imply that the larger the board size and the higher the presence of women on the boards of directors in the GCC region, the better the profitability. This indeed recommends the decision takers include more members especially women in the decision-making process.

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!