Corporate Governance Regulations and Practices under COVID-19 Crisis: Time to Rethink

The COVID-19 has brought the challenge of survival for all the companies around the globe. This pandemic totally changed the procedures of managing and governing the firms with the help of regulations of the state. The said disaster has also hit the existence of the major companies in different sectors of the economy. Consequently, it has drawn the attention of all the practitioners of the Corporate Governance along with the policy makers of the economy. The focus of this article is to see the utility and practicability of different regulations and practices of the corporate governance to cope with the current emerging challenges of COVID-19 in corporate sector. Furthermore, the current study takes some valuable insights from the leading business journal articles and find the key mechanisms of the corporate governance, which help the companies to deal with the recent crisis. These mechanisms could be effective for the different business units during this dilemma of COVID-19. This review intends to change the management philosophy of the different companies. Furthermore, this study aims to provide them with the latest mechanisms of corporate governance, which are helping the companies for their successful progression of business affairs in this tough time of Corona Virus. These mechanisms include presence of risk management committee, more attention to the stakeholders, family ownership, and block holders. This paper concludes that all the above said mechanisms of corporate governance are very helpful during the crisis of COVID-19. The study highlights that this pandemic has affected the governance mechanisms of al the establishments, therefore firms should be prepared for such crisis in future by paying attention to the different corporate governance mechanisms. The study recommends that certain practices of the corporate governance are very helpful in coping the challenges posed by the pandemic of COVID-19.

A Review of the Agriculture Literature in Malaysian and Indonesian Accounting Journals

This article discusses the scope related to Malaysian and Indonesian accounting research in agricultural literature. This discussion was based on two well-known Malaysian accounting journals and many were referred from 2008 to 2016, recognized as Accounting Overview Malaysia (MAR) and Asian Business and Accounting Journal (AJBA), and three Indonesian accounting journals namely Economic & Financial Studies (SEZ) , Gadjah Mada International Business Journal (GamaIJB) and Indonesian Accounting and Finance Journal (JAKI). In MAR and AJBA, Corporate Governance, Auditing, Financial Accounting Reporting, and Management Accounting are the most widely published topics. In SEZ, Economy, Finance, Public Sector Accounting and Taxation; GamaIJ, Management / Managerial Accounting and Finance; and JAKI, Management / Managerial Accounting, Financial Accounting, and Reporting Audit are the most widely published topics. This article proposes peculiarities, non-company and non-professional attributes as opportunity-researched variable fields for future agricultural studies. This article concludes with a reminder of the direction that leads to Malaysian and Indonesian accounting research, including the ontological difference between agricultural studies and accounting minutes while the latter seeks to fulfill generalizations, company attributes and stereotyped-research-variable professionals. It was concluded there is no difference in the average number of journals published in Malaysia and Indonesia with the t test.

Savva I. Mamontov on the Railway Industry in Russia

The article reprinted from the Zheleznodorozhnoe delo (Rail Business) journal published 110 years ago reviews in detail the content of the brochure «On Railway Industry in Russia» edited by Savva Mamontov, one of the richest, well-known businessmen and benefactors of his time, who had got direct experience of managing construction and operation of railways. The brochure exposed the opinion of Savva Mamontov regarding numerous advantages of private railway construction contracting and further operation based on, speaking modern language, private-public partnership. The described advantages comprised speed of construction, rational cost policy, etc. The reviewer while agreeing with S. Mamontov on some issues insisted on more profound study of possible changes in traditional model of private and public railways that existed in Russia.

An Empirical Study on the Development of Global Mindset Through Learning

This study aims to examine the development of global mindset, which is rarely addressed in a Korean international business journal. We investigate whether the global mindset is a static state that is difficult to change or a dynamically changeable competence. Based on the global mindset literature, we categorize the global mindset into three dimensions - cognition, skills and attitudes - and analyze the nature (static or dynamic) of each dimension. We collect survey questions from 269 undergraduate students. We use paired sample t-tests to analyze whether the undergraduates have changed their global mindsets in terms of cognition, skills and attitudes after taking the international business class during a semester. Results reveal that the levels of cognition and skills have increased after the class, but the attitude level shows no significant difference before and after the class. The results also show that overall global mindsets after the class become higher than before the class. We also find the positive moderating effects of global motivation and international experience on the relationship between the international business class and the global mindset. It means that the effectiveness of international business class on the global mindset is strengthened with the high levels of global motivation and international experience. After the conclusion, we suggest future research topics related to the global mindset which have been rarely addressed in the field of the Korean international business academy.

New High-Speed Rail System Proposed by August Scherl. Passenger Traffic Improvement Project

We reproduce an article first published in 1910 that describes in detail engineering projects, that were not only being developed but widely discussed. Those projects were dedicated to development of rapid, and particularly high-speed transportation in Berlin. The developments of that time reflected broad engineering views. It seems to be an attempt to integrate into a single project all the promising ideas regarding technical advancements as well as optimal transport modelling, routing schemes, traffic organisation, urban spatial planning. The discussion touched upon radial and ring traffic system, integration of the urban transportation system into national and even global one, splitting of passenger and freight traffic and infrastructure, and engineering decisions have reminded about contemporary monorail, elevated railways, light metro, and even personal rapid transit systems… The article attracted attention in Germany, as well as in other countries, and was reproduced in Zheleznodorozhnoe Delo [Railway Business] journal. Probably, many described aspects besides historical ones might be of interest today as well.