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Sustainability and Corporate Governance: Theoretical Development and Perspectives

Author

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  • Miguel Angel Jaimes-Valdez
  • Carlos Armando Jacobo-Hernandez

Abstract

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.

Suggested Citation

  • Miguel Angel Jaimes-Valdez & Carlos Armando Jacobo-Hernandez, 2016. "Sustainability and Corporate Governance: Theoretical Development and Perspectives," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 6(3), pages 44-56, September.
    • Handle: RePEc:ibn:jmsjnl:v:6:y:2016:i:3:p:44-56
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    References listed on IDEAS

    as
    1. Dennis J. Aigner & Antonio Lloret, 2013. "Sustainability and competitiveness in Mexico," Management Research Review, Emerald Group Publishing Limited, vol. 36(12), pages 1252-1271, October.
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    Cited by:

    1. Mao-Chang Wang, 2017. "The Relationship between Firm Characteristics and the Disclosure of Sustainability Reporting," Sustainability, MDPI, vol. 9(4), pages 1-14, April.

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    More about this item

    Keywords

    sustainability; corporate governance; benefits; challenges; opportunities; models of sustainable governance;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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