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Sustainability from the top: Revisiting the roles and responsibilities of the board of directors

In: Handbook on Corporate Governance and Corporate Social Responsibility

Author

Listed:
  • Olivier Boiral
  • Alexander Yuriev

Abstract

Sustainability issues vary greatly depending on the mission and specific activities of a given organization. Empirical studies and practical evidence indicate that boards of directors rarely consider the multiple factors that can facilitate the handling of these issues. These factors, which have been supported by various guidelines and empirical research, revolve around four key roles of the board: creating value and reducing risk, supporting strategy and best practices, adopting effective governance mechanisms, and monitoring and disclosing results. This chapter provides an overview of the existing academic and practitioner literature on the ways boards of directors integrate sustainability issues into their work, and provides practical pieces of advice for board members who are willing to take a step forward and integrate sustainability concerns into their daily duties.

Suggested Citation

  • Olivier Boiral & Alexander Yuriev, 2024. "Sustainability from the top: Revisiting the roles and responsibilities of the board of directors," Chapters, in: Michel Magnan & Giovanna Michelon (ed.), Handbook on Corporate Governance and Corporate Social Responsibility, chapter 14, pages 175-190, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:21347_14
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    File URL: https://www.elgaronline.com/doi/10.4337/9781802208771.00024
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