Sustainability and Corporate Governance: Theoretical Development and Perspectives

Abstract

<p>Sustainability in the management field has several benefits including improvements in food quality competitiveness, responsibility and trust. Additionally, has been related not only to improving the image of organizations but also to increasing their value. However, this concept is multifaceted and diverse, and sometimes an incongruity appears when business leaders just want to increase their sales. Consequently, corporate governance has emerged as a topic connected to the establishment of agreements and the implementation of improvements in three dimensions: environmental, social and economic. This essay intends to explore the benefits, challenges and opportunities of sustainability and corporate governance to demonstrate the desirability of incorporating these topics into organizational management. Additionally, different models of sustainable governance are described to identify their elements and the similarities among them. We conclude that collaboration is key in all models and that it is necessary to broaden theoretical development to enable the implementation of best practices of corporate governance and to ensure sustainability.</p>