Governance for Sustainability: Challenges for Theory and Practice
- SAGE Publications Ltd
- Publication Type:
- The SAGE Handbook of Corporate Governance, 2012, 1, pp. 612 - 627
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Corporate governance refers to the mechanisms and frameworks necessary for corporate decision-making. From the perspective of corporate sustainability and corporate social responsibility (CSR), however, governance refers to managing competing corporate interests for the organisation, for the wider good of society, and for the planet as a whole (Benn & Bolton, 2011). Despite the recent financial crisis, there is evidence that many senior managers continue to perceive good governance, CSR and corporate sustainability as fundamental to the long-term successful operations of any organisation. In the recent 13th Annual Global chief executive officer (CEO) survey by Pricewaterhouse Coopers, for example, more CEOs raised climate change investment during the crisis than reduced it and more than two-thirds thought such strategies would confer reputational advantages.
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