Synonyms
Comparative corporate governance; Convergence in corporate governance according to globalization and Corporate Social Responsibility (CSR); Environmental, social, and governance (ESG); Harmonization of corporate strategy, objectives, and performances; Hybridization of corporate governance systems; Stakeholder relationship management and long-term value creation
Definition
The ability of a corporate governance approach, based on a wide vision of responsibility, on a modern interpretation of the links between the long-lasting company success and the equal composition of all stakeholders’ interests, to facilitate the convergence in corporate governance systems; the changes that sustainability causes in the framework of rules and practices by which a board of directors ensures accountability, fairness, and transparency in relationship with all stakeholders, increasing the potential for value creation in the long run; and the trend to smooth out the differences in behavior that...
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Salvioni, D.M., Gennari, F. (2017). Corporate Governance and Sustainability. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3320-1
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DOI: https://doi.org/10.1007/978-3-319-31816-5_3320-1
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