*Journal for International Business and Entrepreneurship Development*



*Special Issue *

*Call for Papers*

*“Corporate Governance Challenges Across the Middle East, *

*Including Covid-19 Pandemic"*

*Guest Edited by*

*Prof. Dr. Hassan Yazdifar*

*Professor of Accounting and *

*Head of Accounting, Finance and Economics Department*

*Bournemouth University Business School*

*Bournemouth University*

*Executive Business Centre*

*89 Holdenhurst Road, *

*Bournemouth, BH8 8EB*

*England, UK*

*Email: **[log in to unmask] <[log in to unmask]>*

*Dr. Hany Elbardan (AFA, **MIPA**, SFHEA, CBME)*

*Senior Lecturer in Accounting and Finance,*

*Programme Leader – BA (Hons) Accounting and finance*

*Study Abroad Academic Coordinator (AFE- Business School)*

*Bournemouth University **Business School*

*Bournemouth University*

*D110a Dorset House Talbot Campus, Fern Barrow, Poole, BH12 5BB*

*England, UK*

*Email: [log in to unmask] <[log in to unmask]>*

*Dr.  Rasol Eskandari (**FHEA, ACCA**)*

*Lecturer in Accounting and Finance/ Salford Business School*

*Program Director for MSc Finance and Investment Management*

*Salford School of Business*

*University of Salford*

*Room 309, Maxwell Building, *

*Salford, Manchester, M5 4WT*

*England, UK*

*Email: **[log in to unmask] <[log in to unmask]>*

*The Middle East, a diverse and fascinating region, went through rapid
development building upon a rich history foundation to shape an attractive
business environment. This corporate evolution alongside the strong
cultural background presents unique challenges for corporate governance in
this region. The high political and financial uncertainty in this region
and globally, is causing more boards to think more about risk management
and oversight. While it is important to have a perspective on global
corporate governance trends, this should be sensitive to the regional
culture and specific issues in that less mature corporate governance

*Utilising progress made throughout the past few years, a strong corporate
governance framework is important for Middle East and North Africa (MENA)
countries as they endeavour to improve economic growth,
competitiveness,* *capital
markets and build a dynamic business environment, especially since the
pandemic.* *Establishing an environment of transparency,
accountability and* *trust
as well as aligning corporate governance policies with international
standards are essential efforts to attract long-term investment.*

*Such a region faces unique corporate governance challenges including, for
example, despite the growing regulator interest reflected in many new
regulations are coming into force in the region to emphasis the
responsibility of directors of the Environmental, Social and Governance
(ESG) performance and reporting,* *corporates are away from having
ESG-concerns driven strategies. **Other* *common challenge in the Middle
East is governance and succession in family businesses.* *These businesses
operate in multiple and sometimes unrelated industries creating large
conglomerates, where there is a lack of structure governing the
relationships between parent companies and subsidiaries. Moreover, while
considerable strides have been made globally around the broad board
diversity, boards in the Middle East are taking their initial steps in
board gender diversity* *with **modest participation by women in corporate
leadership.* *Board diversity phenomenon vary by country; however, boards
will begin to experience additional pressure to consider ethnic and racial
diversity. Governance issues such as board quality, composition, and
director over-boarding are of significant concern in the region and
therefore more rigorous board assessments are expected to be conducted,
with an independent assessment frequently. Other challenges include a high
degree of state ownership, impediments to capital market development,
especially since the pandemic, and limited transparency and disclosure.*

*Subject Coverage:*

*This special issue of JIBED welcomes manuscripts including topics, but are
not limited to, the following:*

·         *Corporate Governance challenges in the Middle East*

·         *The impact the Covid—19 pandemic has had on corporate governance

·         *Environmental, Social and Governance (ESG) reporting challenges
in the Middle East*

·         *ESG awareness and Value*

·         *Governance and succession in family businesses.*

·         *Risks of a culture-powered crisis among businesses in the region*

·         *The board responsibility in assuring good corporate culture *

·         *Trends towards not only gender diversity, but also ethnicity and
race diversity.*

·         *Board evaluations*

·         *Has the Covid—19 pandemic changed corporate governance
priorities in the region?*

·         *Which institutions are driving recent corporate governance
reforms in MENA and why?*

·         *The obstacles hindering greater access to equity markets in MENA

·         *MENA economies strategies to develop the domestic investor base,
especially during the Covid-19 pandemic.*

·         *The level of understanding the benefits that greater gender
diversity brings to companies’ boards.*

*This special issue is aimed at encouraging researchers and practitioners
from different disciplines to engage in a dynamic dialogue about major
corporate governance developments and challenges, including implementation
and enforcement efforts. International experience, peer dialogue, and
mutual learning that will be facilitated by this special issue will benefit
policymakers to review corporate governance frameworks and practices in the
region. This special issue invites papers with theoretical, practical
orientation and interdisciplinary research.*


*Al-Gamrh, B., Ku Ismail, K.N.I. and Al-Dhamari, R. (2018), “The role of
corporate governance strength in crisis and non-crisis times”, Applied
Economics, Vol. 50 No. 58, pp. 6263-6284.*

*ElGammal, W., El-Kassar, A. N., & Messarra, L. (2018). Corporate ethics,
governance and social responsibility in MENA countries. Management
Decision, 56(1), 273–291.*

*Ghosh, S. (2017), “Corporate governance reforms and bank performance:
evidence from the Middle East and North Africa”, Corporate Governance: The
International Journal of Business in Society, Vol. 17 No. 5, pp. 822-844.*

*Haque, F. (2019), “Ownership, regulation and bank risk-taking: evidence
from the Middle East and North Africa (MENA) region”, Corporate Governance:
The International Journal of Business in Society, Vol. 19 No. 1, pp. 23-43.*

*Otero, L., Alaraj, R. and Lado-Sestayo, R. (2019), "How corporate
governance and ownership affect banks’ risk-taking in the MENA countries?",
European Journal of Management and Business Economics, Vol. 29 No. 2, pp.

*Important Dates:*

*Deadline for manuscripts submission:                30 June 2021*

*Notification to authors:                                     31 August

*Final version due by:                                         31 October

*All queries about the special issue should be sent to lead Guest Editor
(Prof. Dr. Hassan Yazdifar).*

*--- The End ---*


*Prof. Dr. Zafar U. Ahmed*

*BBA (New York), MBA (Texas), Ph.D., (Utah), D. Litt., (India),*

*Professor of Marketing and International Business*

*Founder, President and CEO:  *

*Academy for Global Business Advancement (

*Founder and Editor-in-Chief:*

*Journal for Global Business Advancement*


*Founder and Editor-in-Chief: *

*Journal for International Business & Entrepreneurship Development *


*Alexandria, State of Virginia, USA.*

*Mobile: +(90)-531-943-4800*

*Skype: zafaruahmed*

*Email: [log in to unmask] <[log in to unmask]>*

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