Affiliation:
1. Namibia University of Science and Technology, Namibia & SP Pune University, India
Abstract
Governance theories form the bedrock of governance mechanisms. But a lot has flowed over the bridge from the time these theories were postulated. The world has become more global, businesses have become more complex, societies have become more aware of their rights, and concerns over the planet, earth, and people, ecological balances have increased and of course, the environment has become more polluted. Business sustainability faces a bigger challenge than ever before because for them to do good business they need to be better corporate citizens and ensure that the profits only do not determine their strategies and goals. With this background, adopting a qualitative approach with an in-depth literature review, the aim of this chapter is to revisit governance theories for understanding the nexus and intersection between ESG and sustainability.
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