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Convergence in corporate governance systems and sustainability culture

Author

Listed:
  • Daniela M. Salvioni
  • Simona Franzoni
  • Francesca Gennari
  • Raffaella Cassano

Abstract

The aim of this paper is to encourage a debate about the effective adoption of a sustainability approach by companies' boards, being a substantial factor of convergence between insider and outsider corporate governance systems. Corporate social responsibility (CSR) and sustainability are based on good corporate governance, grounded on stakeholder engagement, fairness, transparency and accountability. All these principles are related to sustainable boards and determine a governance approach directed to the growth of corporate value in the long-term. Leadership aiming at sustainability requires CSR to be transferred from top management to the entire organisation, spreading a real culture of sustainability into organisation. In this sense, the CSR, if properly realised, can be considered as a factor of substantial convergence between the different systems of corporate governance existing worldwide.

Suggested Citation

  • Daniela M. Salvioni & Simona Franzoni & Francesca Gennari & Raffaella Cassano, 2018. "Convergence in corporate governance systems and sustainability culture," International Journal of Business Performance Management, Inderscience Enterprises Ltd, vol. 19(1), pages 7-15.
    • Handle: RePEc:ids:ijbpma:v:19:y:2018:i:1:p:7-15
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    Citations

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    Cited by:

    1. Fernando E. Garcia-Muiña & Rocío González-Sánchez & Anna Maria Ferrari & Davide Settembre-Blundo, 2018. "The Paradigms of Industry 4.0 and Circular Economy as Enabling Drivers for the Competitiveness of Businesses and Territories: The Case of an Italian Ceramic Tiles Manufacturing Company," Social Sciences, MDPI, vol. 7(12), pages 1-31, December.
    2. Arumega Zarefar & Dian Agustia & Noorlailie Soewarno, 2022. "Bridging the Gap between Sustainability Disclosure and Firm Performance in Indonesian Firms: The Moderating Effect of the Family Firm," Sustainability, MDPI, vol. 14(19), pages 1-13, September.
    3. Marian Socoliuc & Veronica Grosu & Elena Hlaciuc & Silvius Stanciu, 2018. "Analysis of Social Responsibility and Reporting Methods of Romanian Companies in the Countries of the European Union," Sustainability, MDPI, vol. 10(12), pages 1-37, December.
    4. I. Sridhar & Sahil Singh Jasrotia, 2021. "Inclusive corporate governance for creating shared values: Indian experience," International Journal of Indian Culture and Business Management, Inderscience Enterprises Ltd, vol. 22(2), pages 272-286.
    5. Paul McDonald, 2018. "Sustainability management: research insights from social cognitive neuroscience," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1355-1367, December.
    6. Anca-Simona HROMEI, 2019. "Corporate Governance Systems And Convergence Tendencies," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 21, pages 167-174, December.

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