In my latest publication for the Oxford Research Encyclopedia of Business and Management , I define sustainable corporate governance as follows: "Sustainable corporate governance is the set of arrangements that ensure that the firm focuses on maximizing long-term shareholder value, which goes hand in hand with the consideration of broader stakeholder interests in the firm’s decision-making. The focus on long-term shareholder value creation not only enhances the survival of the firm in the long run, but it also promotes the preservation of the firm’s ecosystem." I then review the literature on whether and how different types of shareholders promote sustainable corporate governance in their investee firms. Read more here . Source: Goergen, M. (2022), ‘Governance through Ownership and Sustainable Corporate Governance’, in Oxford Research Encyclopedia of Business and Management , Oxford University Press, https://doi.org/10.1093/acrefore/9780190224851.013.370 .
Separating the roles of the CEO and the chair of the board of directors is considered best practice by many regulators, but should this be? Professor Marc Goergen draws from his research to discuss how combining the two roles can affect a firm’s leadership and shareholder value. Please read more here .