Editorial: A search for the best practices and standards

Abstract

This issue includes four papers that embrace major challenges for the board of directors. John M. Holcomb, Hugh Grove & Maclyn Clouse examine whether ethics and compliance committees play a key role in improving firm value with regards to stock market and financial performance. George Drogalas, Alkiviadis Karagiorgos, Michail Pazarskis & Nikolaos Vagenas investigate the potential existence of informal interactions between the audit committee and internal audit function in Greek firms and identify the main drivers for these interactions. Ahmed S. Alanazi focuses on the extent to which the board of directors affects the quality of corporate governance in the Saudi stock market. He studies many board attributes such as board size, board independence, presence of executives on board, frequency of board meetings, and the number of board committees. Almost the same board characteristics are studied by Frank Gyimah Sackey, Paul Kwame Yeboah & Joseph Diawuo Anane Owusu to assess the relationship between boards of directors and bank performance in Ghana.