Call for Paper Special Issue “Best Practice and Future Trends in Corporate Governance”

Special Issue by Morrow Sodali

Best Practice and Future Trends in Corporate Governance

Guest Editor: Fabio Bianconi – Director of Morrow Sodali

Morrow Sodali’s 2019 Institutional Investors Survey conducted in December 2018 with forty-six global Institutional Investors, with USD 33 trillion of assets under management, indicated that:

  • The quality of governance policies and practices still plays a pivotal role when investors make voting decisions;
  • Investors are concerned that quarterly reporting can promote short-term behaviour by companies and investors, and, further, that quarterly reporting can lead to excessive reliance on earnings guidance;
  • Investors will increase their focus on board composition and accountability;
  • Companies can expect more focus on disclosure and increased dialogue around climate change strategy;
  • Executive pay may be the subject of collective engagement efforts by institutions during the Annual General Meeting season;
  • Activist campaigns with a credible story focused on long-term strategy are likely to gain investor support when companies have an unclear business strategy.

Usually, industry uses research for decision making, whereas academic uses it to extend the body of knowledge (Khan, 2019). However, the research conducted by industry is mainly for internal use whereas the academic research is intended for researchers’ use. Above-mentioned differences clearly expose many gaps, which provided us the possibility to further explore of relations between academic and industry research. This “industry” special issue seeks to facilitate a discussion about what current challenges, best practice and future trends can be addressed in area corporate governance.

The special issue aim to provide a discussion, in line with the aim of the Journal, among practitioners such as members of boards, institutional investors, advisors, managers, and policy makers from business and government agencies. The scope is to help the academic community better understand issues that are vital to this area. The special issue will focus on closing the gap between the state-of-art research conducted in an academic setting and the state of (best) practice used in the field by practitioners. We hope to establish good communication channels among all parties so that they can team-up to work on projects of mutual interest. The special issue does not favour any special theoretical perspectives or methodological approaches and is open to conceptual as well as empirical contributions. Possible topics for contributions include, but are not limited to, the following issues:

  • Board of Directors: we would like to explore the roles of boards of directors concentrating in particular on diversity and the compensation structures both in financial and non-financial companies;
  • External Corporate Governance Mechanisms: we would like to understand how companies’ strategic objectives and outcomes are influenced by external governance mechanisms, including but not limited to the role of external auditors, cultural norms, and media;
  • Ownership Structure: Italy has been well known for its ‘Relational capitalism’. We would like to take a look at the revolution taking place in Italian Corporate Governance from the perspective of institutional investors.
  • Executive compensation: The executive compensation environment continues to evolve and the benchmarked best practices continue to change. We would like to discuss how companies are implementing new best practice in order to improve incentive designs to ensure greater pay-for-performance alignment and much better communications as investors and other stakeholders are demanding enhanced disclosures. In addition, we are interested in discussing how the Shareholder Rights Directive II will impact EU listed companies including disclosure requirements;
  • Reporting disclosure: The information contained in the traditional annual reports, mainly of a financial nature, has proved insufficient to meet the needs of the different stakeholders. Reports of non-financial communication to stakeholders (i.e. integrated reporting, corporate and social reporting, and ESG measures) have emerged as a fundamental complement. We would like to address issues pertaining ESG engagement and ESG investing as well as ESG-related regulatory developments.



The closing date for submission for this special issue is 15 September 2019.

Submission Procedures:

Manuscripts should be submitted online. To submit a paper please visit the Journal website or register as an author and submit the paper as the website will instruct you. The format of the papers must follow the journal’s submission guidelines. Submitted papers should not have been previously published nor be currently under consideration for publication elsewhere. All papers will be reviewed in accordance with journal’s standard double blind review process. Publication is expected by the end of 2019.

The Guest Editor welcome enquiries in advance of submission and declarations of interest. All queries about the special issue should be sent to the Guest Editor ( or Dr. Nicola Cucari (

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